Elme Communities (NYSE:ELME - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.910-0.970 for the period, compared to the consensus estimate of 0.940. The company issued revenue guidance of -.
Elme Communities Price Performance
Elme Communities stock traded up $1.79 during trading hours on Monday, reaching $17.28. 2,190,542 shares of the stock were exchanged, compared to its average volume of 411,451. The company has a market cap of $1.52 billion, a P/E ratio of -115.21 and a beta of 0.91. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.63. Elme Communities has a twelve month low of $12.74 and a twelve month high of $18.49. The stock has a 50 day moving average of $15.26 and a two-hundred day moving average of $16.48.
Elme Communities (NYSE:ELME - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.26. Elme Communities had a negative net margin of 5.51% and a negative return on equity of 1.17%. Equities analysts expect that Elme Communities will post 0.94 EPS for the current fiscal year.
Elme Communities Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $0.72 annualized dividend and a yield of 4.17%. Elme Communities's dividend payout ratio is presently -514.29%.
Analyst Upgrades and Downgrades
ELME has been the subject of several analyst reports. Truist Financial upgraded shares of Elme Communities from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Wolfe Research initiated coverage on shares of Elme Communities in a research note on Monday, October 21st. They issued a "peer perform" rating for the company. Finally, JPMorgan Chase & Co. lowered shares of Elme Communities from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $19.00 to $18.00 in a research note on Tuesday, December 17th.
Check Out Our Latest Research Report 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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