Elme Communities (ELME) Stock Forecast, Price & News

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.
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3 equities research analysts have issued 12 month target prices for Elme Communities' stock. Their ELME share price forecasts range from $15.00 to $18.00. On average, they predict the company's share price to reach $16.50 in the next twelve months. This suggests a possible upside of 21.0% from the stock's current price.
View analysts price targets for ELME or view top-rated stocks among Wall Street analysts.

Elme Communities' stock was trading at $17.80 at the beginning of the year. Since then, ELME shares have decreased by 23.4% and is now trading at $13.64.
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Elme Communities saw a increase in short interest in September. As of September 15th, there was short interest totaling 1,530,000 shares, an increase of 5.5% from the August 31st total of 1,450,000 shares. Based on an average daily volume of 561,500 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.8% of the shares of the stock are sold short.
View Elme Communities' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our ELME earnings forecast.

Elme Communities (NYSE:ELME) released its earnings results 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 firm had revenue of $55.59 million for the quarter, compared to the consensus estimate of $55.80 million. Elme Communities had a negative trailing twelve-month return on equity of 1.63% and a negative net margin of 9.22%. Elme Communities's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.17 earnings per share.

Elme Communities declared a quarterly dividend on Monday, July 31st. Investors of record on Wednesday, September 20th will be given a dividend of $0.18 per share on Wednesday, October 4th. This represents a $0.72 annualized dividend and a dividend yield of 5.28%. The ex-dividend date is Tuesday, September 19th.
Read our dividend analysis for ELME.

ETFs with the largest weight of Elme Communities (NYSE:ELME) stock in their portfolio include Kelly Residential & Apartment Real Estate ETF (RESI), Residential REIT ETF (HAUS), Invesco Active U.S. Real Estate ETF (PSR), Nuveen Short-Term REIT ETF (NURE), SP Funds S&P Global REIT Sharia ETF (SPRE), ETFB Green SRI REITs ETF (RITA) and iShares Residential and Multisector Real Estate ETF (REZ).Fidelity Real Estate Investment ETF (FPRO).

Elme Communities (NYSE:ELME) pays an annual dividend of $0.72 per share and currently has a dividend yield of 5.33%. 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.

Elme Communities issued an update on its FY 2023 earnings guidance on Tuesday, August, 1st. The company provided EPS guidance of $0.96-$1.00 for the period, compared to the consensus EPS estimate of $0.98. The company issued revenue guidance of -.

Elme Communities trades on the New York Stock Exchange (NYSE) under the ticker symbol "ELME."

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.
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One share of ELME stock can currently be purchased for approximately $13.64.

Elme Communities (NYSE:ELME) has a market capitalization of $1.20 billion and generates $209.38 million in revenue each year. The company earns $-30,870,000.00 in net income (profit) each year or ($0.23) on an earnings per share basis.

The company employs 102 workers across the globe.

Elme Communities' mailing address is 1775 EYE STREET NW SUITE 1000, WASHINGTON DC, 20006. The official website for the company is www.elmecommunities.com. The company can be reached via phone at (202) 774-3200, via email at ahopkins@washreit.com, or via fax at 301-984-9610.