NYSE:ELME Elme Communities (ELME) Stock Price, News & Analysis → The Gold Grab of the Century (From Colonial Metals) (Ad) Free ELME Stock Alerts $15.04 0.00 (0.00%) (As of 04/26/2024 08:52 PM ET) Add Compare Share Share Today's Range$15.03▼$15.2750-Day Range$12.78▼$15.2752-Week Range$12.44▼$17.87Volume368,900 shsAverage Volume700,470 shsMarket Capitalization$1.32 billionP/E RatioN/ADividend Yield4.79%Price Target$16.67 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Elme Communities alerts: Email Address Elme Communities MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside10.8% Upside$16.67 Price TargetShort InterestHealthy1.96% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.31Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth-1.09%From $0.92 to $0.91 Per ShareSee Full Details Hide Full Details 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.1.12 out of 5 starsFinance Sector732nd out of 824 stocksReal Estate Investment Trusts Industry158th out of 172 stocks 2.3 Analyst's Opinion Consensus RatingElme Communities has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Amount of Analyst CoverageElme Communities has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.96% of the float of Elme Communities has been sold short.Short Interest Ratio / Days to CoverElme Communities has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Elme Communities has recently increased by 70.00%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipElme Communities is a leading dividend payer. It pays a dividend yield of 4.79%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthElme Communities has only been increasing its dividend for 1 years.Dividend SustainabilityBased on EPS estimates, Elme Communities will have a dividend payout ratio of 79.12% in the coming year. This indicates that Elme Communities may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ELME. Previous Next 1.8 News and Social Media Coverage News SentimentElme Communities has a news sentiment score of 0.31. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Elme Communities this week, compared to 2 articles on an average week.MarketBeat FollowsOnly 1 people have added Elme Communities to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Elme Communities insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.10% of the stock of Elme Communities is held by insiders.Percentage Held by Institutions87.88% of the stock of Elme Communities is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Elme Communities are expected to decrease by -1.09% in the coming year, from $0.92 to $0.91 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Elme Communities is -24.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Elme Communities is -24.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioElme Communities has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Prosper Trading AcademyThese AI trades triggered this morning (545% return)If you think a market crash is possible in 2024, I don't know why you're not using this yet. Click Here To Get Your Free Copy 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.Read More ELME Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ELME Stock News HeadlinesApril 27, 2024 | americanbankingnews.comElme Communities (NYSE:ELME) Sees Large Growth in Short InterestApril 24, 2024 | americanbankingnews.comElme Communities (ELME) Scheduled to Post Quarterly Earnings on WednesdayApril 29, 2024 | Prosper Trading Academy (Ad)These AI trades triggered this morning (545% return)If you think a market crash is possible in 2024, I don't know why you're not using this yet.April 11, 2024 | markets.businessinsider.comElme Communities: Balancing Market Strengths Against Operational Challenges – A Hold Rating AnalysisMarch 30, 2024 | yahoo.comResidents locked out of apartment after massive fire in MariettaMarch 26, 2024 | globenewswire.comElme Communities to Release First Quarter 2024 Results on Wednesday, May 1stMarch 18, 2024 | finance.yahoo.comElme Communities's Dividend AnalysisMarch 16, 2024 | finance.yahoo.comELME Apr 2024 12.500 callApril 29, 2024 | Prosper Trading Academy (Ad)These AI trades triggered this morning (545% return)If you think a market crash is possible in 2024, I don't know why you're not using this yet.March 1, 2024 | nasdaq.comRelative Strength Alert For Elme CommunitiesFebruary 20, 2024 | msn.comElme Communities files for mixed shelf; to sell about 12K shares for holdersFebruary 18, 2024 | msn.comElme Communities Is Worried About This – Should You Be Worried Too?February 18, 2024 | finance.yahoo.comElme Communities (NYSE:ELME) Q4 2023 Earnings Call TranscriptFebruary 17, 2024 | finance.yahoo.comELME Mar 2024 15.000 callFebruary 17, 2024 | finance.yahoo.comQ4 2023 Elme Communities Earnings CallFebruary 16, 2024 | msn.comElme Communities declares $0.18 dividendFebruary 16, 2024 | finance.yahoo.comELME Feb 2024 12.500 putFebruary 15, 2024 | finance.yahoo.comElme Communities Reports Growth in Core FFO and NOI for Full Year 2023February 15, 2024 | globenewswire.comElme Communities Announces Fourth Quarter and Full Year 2023 ResultsJanuary 30, 2024 | markets.businessinsider.comAnalysts Offer Insights on Real Estate Companies: Ventas (VTR) and Equity Lifestyle (ELS)January 17, 2024 | finance.yahoo.comElme Communities Announces Income Tax Treatment of its 2023 Dividend DistributionJanuary 16, 2024 | finance.yahoo.comElme Communities to Release Fourth Quarter 2023 Results on Thursday, February 15thDecember 20, 2023 | nasdaq.comEx-Dividend Reminder: LTC Properties, Elme Communities and Synovus FinancialDecember 19, 2023 | nasdaq.comJP Morgan Upgrades Elme Communities (ELME)December 9, 2023 | usnews.comHealthiest Communities Rankings 2022December 4, 2023 | newsweek.comAmerica's Best Continuing Care Retirement Communities 2024 - VirginiaDecember 4, 2023 | newsweek.comAmerica's Best Continuing Care Retirement Communities 2024See 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. Email Address Company Calendar Last Earnings2/17/2023Ex-Dividend for 4/3 Dividend3/19/2024Dividend Payable4/03/2024Today4/29/2024Next Earnings (Confirmed)5/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryN/A Current SymbolNYSE:ELME CUSIPN/A CIK104894 Webwww.elmecommunities.com Phone(202) 774-3200Fax301-984-9610Employees243Year FoundedN/APrice Target and Rating Average Stock Price Target$16.67 High Stock Price Target$18.00 Low Stock Price Target$14.00 Potential Upside/Downside+10.8%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($0.61) Trailing P/E RatioN/A Forward P/E Ratio16.35 P/E GrowthN/ANet Income$-52,980,000.00 Net Margins-23.25% Pretax Margin-23.25% Return on Equity-4.41% Return on Assets-2.82% Debt Debt-to-Equity Ratio0.59 Current Ratio0.67 Quick Ratio0.67 Sales & Book Value Annual Sales$227.91 million Price / Sales5.81 Cash Flow$0.46 per share Price / Cash Flow32.87 Book Value$13.14 per share Price / Book1.14Miscellaneous Outstanding Shares88,000,000Free Float87,035,000Market Cap$1.32 billion OptionableOptionable Beta0.91 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.Get This Free Report Key ExecutivesMr. Paul T. McDermott (Age 62)Chairman of Board, President & CEO Comp: $1.86MMs. Susan Lilly GerockSenior VP of Information Technology & Chief Information OfficerMr. Steven M. FreishtatExecutive VP & CFOMs. Tiffany M. Butcher (Age 45)Executive VP & COO Mr. Daniel P. ChappellVice President of InvestmentsMr. A. Grant MontgomeryVice President of ResearchMr. Wade Drew Hammond (Age 49)Senior VP, Chief Administrative Officer, Treasurer & Corporate Secretary Ms. Amy HopkinsVice President of Investor RelationsMr. Ian KesslerVice President of Human ResourcesMr. Stephen BurchControllerMore ExecutivesKey CompetitorsAmerican Assets TrustNYSE:AATTwo Harbors InvestmentNYSE:TWOLadder CapitalNYSE:LADRSafeholdNYSE:SAFENETSTREITNYSE:NTSTView All CompetitorsInstitutional OwnershipYousif Capital Management LLCSold 3,710 shares on 4/26/2024Ownership: 0.045%Oak Hill Wealth Advisors LLCBought 10,793 shares on 4/26/2024Ownership: 0.000%New York State Teachers Retirement SystemSold 2,500 shares on 4/25/2024Ownership: 0.085%Simplicity Wealth LLCBought 32,282 shares on 4/24/2024Ownership: 0.037%Hunter Perkins Capital Management LLCBought 10,325 shares on 4/23/2024Ownership: 0.034%View All Institutional Transactions ELME Stock Analysis - Frequently Asked Questions Should I buy or sell Elme Communities stock right now? 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Elme Communities in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research 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 price objectives 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 10.8% 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 at the beginning of the year. Since then, ELME stock has increased by 3.0% and is now trading at $15.04. View the best growth stocks for 2024 here. Are investors shorting Elme Communities? Elme Communities saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 1,700,000 shares, an increase of 70.0% from the March 31st total of 1,000,000 shares. Based on an average daily volume of 735,200 shares, the short-interest ratio is presently 2.3 days. Currently, 2.0% of the company's stock are sold short. View Elme Communities' Short Interest. When is Elme Communities' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our ELME earnings forecast. How can I listen to Elme Communities' earnings call? Elme Communities will be holding an earnings conference call on Thursday, May 2nd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 919-882-2331 with passcode "50221". How were Elme Communities' earnings last quarter? Elme Communities (NYSE:ELME) released its quarterly earnings results on Friday, February, 17th. The company reported ($0.04) earnings per share (EPS) 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 analysts' expectations 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 company's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 EPS. How often does Elme Communities pay dividends? What is the dividend yield for Elme Communities? Elme Communities announced 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 annualized dividend and a dividend yield of 4.79%. 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 4.79%. 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 ETFs hold Elme Communities' stock? ETFs with the largest weight of Elme Communities (NYSE:ELME) stock in their portfolio include Residential REIT ETF (HAUS), ALPS REIT Dividend Dogs ETF (RDOG), Kelly Residential & Apartment Real Estate ETF (RESI), Cambria Global Real Estate ETF (BLDG), Nuveen Short-Term REIT ETF (NURE), Invesco S&P SmallCap Low Volatility ETF (XSLV), IQ CBRE Real Assets ETF (IQRA) and ETFB Green SRI REITs ETF (RITA). 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 (EPS) 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 many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (2.49%), Sumitomo Mitsui Trust Holdings Inc. (0.11%), New York State Teachers Retirement System (0.09%), Yousif Capital Management LLC (0.05%), Simplicity Wealth LLC (0.04%) and Hunter Perkins Capital Management LLC (0.03%). 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. 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