Elme Communities (ELME) Stock Price, News & Analysis

Company Overview

Elme Communities (NYSE: ELME) is a real estate investment trust that owns and operates apartment communities in the Washington, D.C., metropolitan area. Its portfolio is concentrated in neighborhoods across Washington, D.C., Maryland and Northern Virginia, with properties positioned near employment centers, transit options and local amenities.

The company’s principal business is the acquisition, development, redevelopment and management of multifamily residential properties. Elme provides apartment homes and related resident services, while seeking to enhance the value and performance of its communities through property improvements, professional management and operational initiatives.

Elme Communities was formerly known as Washington Real Estate Investment Trust, or Washington REIT, a real estate company with a history dating back to the 1960s. The company adopted the Elme Communities name as part of its strategic focus on its multifamily residential portfolio. Paul T. McDermott serves as the company’s president and chief executive officer.

Key Stats

• Today's Range: $1.62 to $1.67
• 50-Day Range: $1.48 to $1.69
• 52-Week Range: $1.26 to $17.68
• Volume: 481,761 shs
• Average Volume: 629,985 shs
• Market Capitalization: $147.95 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $18.00
• Consensus Rating: Reduce

Elme Communities Stock Analysis - MarketRank™

Elme Communities scored higher than 43% of companies evaluated by MarketBeat, and ranked 647th out of 835 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Reduce

Consensus Rating

Elme Communities has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no strong buy ratings, no buy ratings, 2 hold ratings, and 1 sell rating.

Upside Potential

Elme Communities has a consensus price target of $18.00, representing about 981.1% upside from its current price of $1.67.

Amount of Analyst Coverage

Elme Communities has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Elme Communities is -1.10, 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 -1.10, 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 0.14. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.77% 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 4.25.

Change versus previous month

Short interest in Elme Communities has recently decreased by 0.09%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Elme Communities does not currently pay a dividend.

Dividend Growth

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

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.76

News Sentiment

Elme Communities has a news sentiment score of 0.76. 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 news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Elme Communities this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for ELME on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

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

1.40% 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.

Company Calendar

• Last Earnings: 10/23/2025
• Today: 9/20/2026
• Next Earnings (Estimated): 10/22/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Capital Markets
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NYSE:ELME
• CIK: 104894
• Web: www.elmecommunities.com
• Phone: (202) 774-3200
• Fax: 301-984-9610
• Employees: 91
• Year Founded: 1960

Price Target and Rating

• Average Price Target for Elme Communities: $18.00
• High Price Target: $18.00
• Low Price Target: $18.00
• Potential Upside/Downside: +981.1%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): ($1.52)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$154.16 million
• Net Margins: -74.71%
• Pretax Margin: -74.71%
• Return on Equity: -20.43%
• Return on Assets: -8.29%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 166.32
• Quick Ratio: 166.32

Sales & Book Value

• Annual Sales: $206.36 million
• Price / Sales: 0.72
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $12.30 per share
• Price / Book: 0.14

Miscellaneous

• Outstanding Shares: 88,860,000
• Free Float: 87,614,000
• Market Cap: $147.95 million
• Optionable: Optionable
• Beta: 0.72