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Elme Communities (ELME) Stock Price, News & Analysis

Elme Communities logo
$15.64 -0.07 (-0.45%)
Closing price 05/23/2025 03:59 PM Eastern
Extended Trading
$15.60 -0.04 (-0.29%)
As of 05/23/2025 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.

About Elme Communities Stock (NYSE:ELME)

Key Stats

Today's Range
$15.58
$15.79
50-Day Range
$14.71
$17.41
52-Week Range
$13.95
$18.49
Volume
500,695 shs
Average Volume
578,956 shs
Market Capitalization
$1.38 billion
P/E Ratio
N/A
Dividend Yield
4.60%
Price Target
$18.50
Consensus Rating
Hold

Company Overview

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 Communities Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
40th Percentile Overall Score

ELME MarketRank™: 

Elme Communities scored higher than 40% of companies evaluated by MarketBeat, and ranked 717th out of 911 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Elme Communities has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Elme Communities has received no research coverage in the past 90 days.

  • Read more about Elme Communities' stock forecast and price target.
  • Earnings Growth

    Earnings for Elme Communities are expected to grow by 3.19% in the coming year, from $0.94 to $0.97 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Elme Communities is -111.71, 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. Sector

    The P/E ratio of Elme Communities is -111.71, 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 Ratio

    Elme Communities has a P/B Ratio of 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Elme Communities' valuation and earnings.
  • Percentage of Shares Shorted

    2.46% of the float of Elme Communities has been sold short.
  • Short Interest Ratio / Days to Cover

    Elme Communities has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Elme Communities has recently increased by 12.04%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    Elme Communities is a leading dividend payer. It pays a dividend yield of 4.44%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Elme Communities does not have a long track record of dividend growth.

  • Dividend Sustainability

    Based on earnings estimates, Elme Communities will have a dividend payout ratio of 74.23% next year. This indicates that Elme Communities will be able to sustain or increase its dividend.

  • Read more about Elme Communities' dividend.
  • Percentage of Shares Shorted

    2.46% of the float of Elme Communities has been sold short.
  • Short Interest Ratio / Days to Cover

    Elme Communities has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Elme Communities has recently increased by 12.04%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Elme Communities has a news sentiment score of 1.52. 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 higher news sentiment than the 0.99 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Elme Communities this week, compared to 3 articles on an average week.
  • Insider Buying vs. Insider Selling

    In the past three months, Elme Communities insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.20% of the stock of Elme Communities is held by insiders.

  • Percentage Held by Institutions

    87.88% of the stock of Elme Communities is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Elme Communities' insider trading history.
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ELME Stock News Headlines

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Q1 2025 Elme Communities Earnings Call
See More Headlines

ELME Stock Analysis - Frequently Asked Questions

Elme Communities' stock was trading at $15.27 at the beginning of 2025. Since then, ELME stock has increased by 2.4% and is now trading at $15.64.
View the best growth stocks for 2025 here
.

Elme Communities (NYSE:ELME) posted its earnings results on Thursday, May, 1st. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The company's quarterly revenue was up 3.3% compared to the same quarter last year.
Read the conference call transcript
.

Elme Communities' top institutional investors include Vanguard Group Inc. (15.59%), Cbre Investment Management Listed Real Assets LLC (2.79%), Thornburg Investment Management Inc. (2.50%) and Allspring Global Investments Holdings LLC (2.35%).

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Elme Communities investors own include NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Meta Platforms (META), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Alphabet (GOOG).

Company Calendar

Record date for 4/3 Dividend
3/19/2025
Ex-Dividend for 4/3 Dividend
3/19/2025
Dividend Payable
4/03/2025
Last Earnings
5/01/2025
Today
5/24/2025
Record date for 7/3 Dividend
6/17/2025
Ex-Dividend for 7/3 Dividend
6/17/2025
Dividend Payable
7/03/2025
Next Earnings (Estimated)
8/07/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Trading
Current Symbol
NYSE:ELME
Employees
100
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$18.50
High Stock Price Target
$19.00
Low Stock Price Target
$18.00
Potential Upside/Downside
+18.3%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Trailing P/E Ratio
N/A
Forward P/E Ratio
16.64
P/E Growth
N/A
Net Income
$-13,100,000.00
Pretax Margin
-5.42%

Debt

Sales & Book Value

Annual Sales
$243.92 million
Cash Flow
$0.91 per share
Price / Cash Flow
17.24
Book Value
$12.29 per share
Price / Book
1.27

Miscellaneous

Free Float
86,973,000
Market Cap
$1.38 billion
Optionable
Optionable
Beta
0.96
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This page (NYSE:ELME) was last updated on 5/25/2025 by MarketBeat.com Staff
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