S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Better Than Oil Stocks (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
Better Than Oil Stocks (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Better Than Oil Stocks (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
Better Than Oil Stocks (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Better Than Oil Stocks (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
Better Than Oil Stocks (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Better Than Oil Stocks (Ad)
MarketBeat Week in Review – 2/19 - 2/23
Taiwan giant chipmaker TSMC opens first plant in Japan as part of key global expansion
Better Than Oil Stocks (Ad)
A collection of the insights Warren Buffett offered in his annual letter Saturday
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
Macron booed by French farmers who blame him for not doing enough to support agriculture
NYSE:ELME

Elme Communities (ELME) Stock Price, News & Analysis

$13.24
-0.31 (-2.29%)
(As of 02/23/2024 ET)
Today's Range
$13.21
$13.49
50-Day Range
$13.24
$14.93
52-Week Range
$12.44
$19.22
Volume
429,776 shs
Average Volume
729,347 shs
Market Capitalization
$1.16 billion
P/E Ratio
N/A
Dividend Yield
5.44%
Price Target
$16.67

Elme Communities MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
25.9% Upside
$16.67 Price Target
Short Interest
Healthy
0.93% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.80mentions of Elme Communities in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.84 out of 5 stars

Real Estate Sector

3rd out of 5 stocks

REIT - Residential Industry

1st out of 1 stocks


ELME stock logo

About Elme Communities Stock (NYSE:ELME)

Elme Communities 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 9,400 apartment homes in the Washington, DC metro and the Atlanta metro regions, 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

The perfect AI stock under $10
Normally, bringing a new drug to market takes an average of 10 years and between $2.5 and $12 billion. However, new AI technology has the potential to make the process up to 1000 times faster. This #1 AI company is at the forefront of it all.
ELME Mar 2024 15.000 call
Q4 2023 Elme Communities Earnings Call
Elme Communities declares $0.18 dividend
The perfect AI stock under $10
Normally, bringing a new drug to market takes an average of 10 years and between $2.5 and $12 billion. However, new AI technology has the potential to make the process up to 1000 times faster. This #1 AI company is at the forefront of it all.
ELME Feb 2024 12.500 put
JP Morgan Upgrades Elme Communities (ELME)
Healthiest Communities Rankings 2022
Elme Communities ELME
Q3 2023 Elme Communities Earnings Call
Elme Communities Announces Third Quarter 2023 Results
See More Headlines
Receive ELME Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Elme Communities and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/17/2023
Ex-Dividend for 1/4 Dividend
12/20/2023
Dividend Payable
1/04/2024
Today
2/24/2024
Ex-Dividend for 4/3 Dividend
3/19/2024
Dividend Payable
4/03/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
REIT - Residential
Sub-Industry
N/A
Employees
243
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.67
High Stock Price Target
$18.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+25.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-52,980,000.00
Pretax Margin
-23.25%

Debt

Sales & Book Value

Annual Sales
$227.91 million
Cash Flow
$0.45 per share
Book Value
$13.14 per share

Miscellaneous

Free Float
86,900,000
Market Cap
$1.16 billion
Optionable
Optionable
Beta
0.95

Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.

Get This Free Report

Key Executives

  • Mr. Paul T. McDermott (Age 62)
    Chairman of Board, President & CEO
    Comp: $1.86M
  • Ms. Susan Lilly Gerock
    Senior VP of Information Technology & Chief Information Officer
  • Mr. Steven M. Freishtat
    Executive VP & CFO
  • Ms. Tiffany M. Butcher (Age 45)
    Executive VP & COO
  • Mr. Daniel P. Chappell
    Vice President of Investments
  • Mr. A. Grant Montgomery
    Vice President of Research
  • Mr. Wade Drew Hammond (Age 49)
    Senior VP, Chief Administrative Officer, Treasurer & 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














ELME Stock Analysis - Frequently Asked Questions

Should I buy or sell Elme Communities stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elme Communities in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ELME shares.
View ELME analyst ratings
or view top-rated stocks.

What is Elme Communities' stock price target for 2024?

2 Wall Street research analysts have issued twelve-month target prices for Elme Communities' stock. Their ELME share price targets range from $14.00 to $18.00. On average, they anticipate the company's stock price to reach $16.67 in the next year. This suggests a possible upside of 25.9% 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 2024?

Elme Communities' stock was trading at $14.60 on January 1st, 2024. Since then, ELME shares have decreased by 9.3% and is now trading at $13.24.
View the best growth stocks for 2024 here
.

Are investors shorting Elme Communities?

Elme Communities saw a decline in short interest in the month of January. As of January 15th, there was short interest totaling 781,500 shares, a decline of 13.4% from the December 31st total of 902,300 shares. Based on an average trading volume of 628,100 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.1% of the company's 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, April 25th 2024.
View our ELME earnings forecast
.

How were Elme Communities' earnings last quarter?

Elme Communities (NYSE:ELME) posted its earnings results on Friday, February, 17th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.29. The company earned $55.59 million during the quarter, compared to analyst estimates of $55.80 million. Elme Communities had a negative net margin of 23.25% and a negative trailing twelve-month return on equity of 4.41%. The business's revenue was up 24.2% compared to the same quarter last year. During the same period last year, the company posted $0.17 earnings per share.

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

Elme Communities declared a quarterly dividend on Thursday, February 15th. Investors of record on Wednesday, March 20th will be given a dividend of $0.18 per share on Wednesday, April 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date is Tuesday, March 19th.
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 5.31%. 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 FY 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share guidance of 0.900-0.960 for the period, compared to the consensus EPS estimate of 0.950. The company issued revenue guidance of -.

Who are Elme Communities' major shareholders?

Elme Communities' stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (16.13%), Allspring Global Investments Holdings LLC (2.46%), Centersquare Investment Management LLC (1.83%), Charles Schwab Investment Management Inc. (1.77%), Dimensional Fund Advisors LP (1.36%) and Northern Trust Corp (1.15%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ELME) was last updated on 2/24/2024 by MarketBeat.com Staff