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Elme Communities (ELME) Stock Price, News & Analysis

$13.44
-0.21 (-1.54%)
(As of 05:19 PM ET)
Compare
Today's Range
$13.40
$13.68
50-Day Range
$12.56
$14.29
52-Week Range
$12.44
$19.87
Volume
583,640 shs
Average Volume
575,800 shs
Market Capitalization
$1.18 billion
P/E Ratio
N/A
Dividend Yield
5.36%
Price Target
$16.00

Elme Communities MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
17.3% Upside
$16.00 Price Target
Short Interest
Healthy
1.70% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.24mentions of Elme Communities in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.09%
From $0.97 to $1.00 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.29 out of 5 stars

Finance Sector

307th out of 776 stocks

Real Estate Investment Trusts Industry

68th out of 171 stocks


ELME stock logo

About Elme Communities Stock (NYSE:ELME)

Elme Communities (formerly known as Washington Real Estate Investment Trust or WashREIT) is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience. The company is a multifamily real estate investment trust that owns and operates approximately 8,900 apartment homes in the Washington, DC metro and the Sunbelt, and owns approximately 300,000 square feet of commercial space. Focused on providing quality, affordable homes to a deep, solid, and underserved base of mid-market demand, Elme Communities is building long-term value for shareholders.

ELME Stock Price History

ELME Stock News Headlines

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Short Interest in Elme Communities (NYSE:ELME) Drops By 22.2%
Elme Communities ELME
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Q3 2023 Elme Communities Earnings Call
Elme Communities Announces Third Quarter 2023 Results
Elme Communities
A Deep Dive into Elme Communities' Dividend Performance
Truist Financial Sticks to Its Hold Rating for Elme Communities (ELME)
Q2 2023 Elme Communities Earnings Call
Elme: Q2 Earnings Snapshot
Elme Communities Appoints Chief Operating Officer
See More Headlines
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Company Calendar

Last Earnings
2/17/2023
Ex-Dividend for 10/4 Dividend
9/19/2023
Dividend Payable
10/04/2023
Today
12/11/2023
Ex-Dividend for 1/4 Dividend
12/20/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/04/2024
Next Earnings (Estimated)
2/15/2024

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Employees
102
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.00
High Stock Price Target
$18.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+17.2%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$-30,870,000.00
Pretax Margin
-23.77%

Debt

Sales & Book Value

Annual Sales
$224.65 million
Cash Flow
$0.74 per share
Book Value
$14.44 per share

Miscellaneous

Free Float
86,867,000
Market Cap
$1.20 billion
Optionable
Optionable
Beta
0.96
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Key Executives

  • Mr. Paul T. McDermott (Age 61)
    Chairman of Board, President & CEO
    Comp: $1.86M
  • Ms. Susan Lilly Gerock
    Senior VP of Information Technology & Chief Information Officer
  • Mr. Steven Freishtat
    Executive VP & CFO
  • Ms. Tiffany M. Butcher (Age 44)
    Executive VP & COO
  • Mr. Wade Drew Hammond (Age 48)
    Senior VP, Chief Accounting Officer, Chief Administrative Officer & Corporate Secretary
  • Ms. Amy Hopkins
    Vice President of Investor Relations
  • Mr. Ian Kessler
    Vice President of Human Resources
  • Mr. Eric Tilden
    Senior Director of ESG
  • Mr. Stephen Burch
    Controller














ELME Stock Analysis - Frequently Asked Questions

Should I buy or sell Elme Communities stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Elme Communities in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ELME shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ELME, but not buy additional shares or sell existing shares.
View ELME analyst ratings
or view top-rated stocks.

What is Elme Communities' stock price target for 2024?

3 brokerages have issued 12-month price objectives for Elme Communities' stock. Their ELME share price targets range from $14.00 to $18.00. On average, they predict the company's share price to reach $16.00 in the next year. This suggests a possible upside of 17.3% from the stock's current price.
View analysts price targets for ELME
or view top-rated stocks among Wall Street analysts.

How have ELME shares performed in 2023?

Elme Communities' stock was trading at $17.80 on January 1st, 2023. Since then, ELME stock has decreased by 23.4% and is now trading at $13.64.
View the best growth stocks for 2023 here
.

Are investors shorting Elme Communities?

Elme Communities saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 1,470,000 shares, a decrease of 22.2% from the October 31st total of 1,890,000 shares. Based on an average daily volume of 592,800 shares, the short-interest ratio is presently 2.5 days. Approximately 1.7% of the shares of the stock are short sold.
View Elme Communities' Short Interest
.

When is Elme Communities' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 15th 2024.
View our ELME earnings forecast
.

How were Elme Communities' earnings last quarter?

Elme Communities (NYSE:ELME) released its quarterly earnings data on Friday, February, 17th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.29. The company had revenue of $55.59 million for the quarter, compared to analyst estimates of $55.80 million. Elme Communities had a negative net margin of 23.77% and a negative trailing twelve-month return on equity of 4.35%. Elme Communities's revenue was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS.

How often does Elme Communities pay dividends? What is the dividend yield for Elme Communities?

Elme Communities declared a quarterly dividend on Thursday, October 26th. Shareholders of record on Thursday, December 21st will be paid a dividend of $0.18 per share on Thursday, January 4th. This represents a $0.72 annualized dividend and a dividend yield of 5.28%. The ex-dividend date of this dividend is Wednesday, December 20th.
Read our dividend analysis for ELME
.

Is Elme Communities a good dividend stock?

Elme Communities (NYSE:ELME) pays an annual dividend of $0.72 per share and currently has a dividend yield of 5.28%. ELME has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for ELME.

What guidance has Elme Communities issued on next quarter's earnings?

Elme Communities updated its FY23 earnings guidance on Thursday, October, 26th. The company provided earnings per share (EPS) guidance of $0.97-0.99 for the period, compared to the consensus EPS estimate of $0.98.

Who are Elme Communities' major shareholders?

Elme Communities' stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (5.81%), Allspring Global Investments Holdings LLC (2.44%), William Blair Investment Management LLC (1.94%), Charles Schwab Investment Management Inc. (1.72%), Northern Trust Corp (1.25%) and Citigroup Inc. (1.21%).

How do I buy shares of Elme Communities?

Shares of ELME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:ELME) was last updated on 12/11/2023 by MarketBeat.com Staff

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