Elme Communities (NYSE:ELME - Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.26, Zacks reports. Elme Communities had a negative net margin of 5.51% and a negative return on equity of 1.17%. Elme Communities updated its FY 2025 guidance to 0.910-0.970 EPS.
Elme Communities Trading Up 11.6 %
Shares of ELME traded up $1.79 during mid-day trading on Monday, reaching $17.28. The stock had a trading volume of 2,190,542 shares, compared to its average volume of 411,451. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.55 and a quick ratio of 0.55. Elme Communities has a 52-week low of $12.74 and a 52-week high of $18.49. The business's fifty day moving average is $15.26 and its 200 day moving average is $16.48. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -115.21 and a beta of 0.91.
Elme Communities Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Wednesday, March 19th. Elme Communities's dividend payout ratio (DPR) is -514.29%.
Analyst Ratings Changes
ELME has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut shares of Elme Communities from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $19.00 to $18.00 in a research report on Tuesday, December 17th. Wolfe Research initiated coverage on shares of Elme Communities in a research report on Monday, October 21st. They issued a "peer perform" rating for the company. Finally, Truist Financial upgraded shares of Elme Communities from a "hold" rating to a "buy" rating in a research report on Friday, January 17th.
View Our Latest Stock Analysis on ELME
Elme Communities Company Profile
(
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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.
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