NYSE:ELME Elme Communities (ELME) Stock Price, News & Analysis $17.49 -0.18 (-1.02%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$17.34▼$17.6450-Day Range$15.27▼$17.6952-Week Range$12.44▼$17.93Volume517,641 shsAverage Volume603,875 shsMarket Capitalization$1.54 billionP/E RatioN/ADividend Yield4.12%Price Target$16.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Elme Communities alerts: Email Address Elme Communities MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside8.5% Downside$16.00 Price TargetShort InterestBearish2.24% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.68Based on 3 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee 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.0.28 out of 5 starsFinance Sector855th out of 871 stocksReal Estate Investment Trusts Industry172nd out of 178 stocks 1.2 Analyst's Opinion Consensus RatingElme Communities has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageElme Communities has received no research coverage in the past 90 days.Read more about Elme Communities' stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.24% 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 4.Change versus previous monthShort interest in Elme Communities has recently increased by 8.99%, 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 4.07%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthElme Communities does not have a long track record of dividend growth.Dividend SustainabilityBased on EPS estimates, Elme Communities will have a dividend payout ratio of 76.60% in the coming year. This indicates that Elme Communities may not be able to sustain their current dividend.Read more about Elme Communities' 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 2.0 News and Social Media Coverage News SentimentElme Communities has a news sentiment score of 0.68. 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 WeekMarketBeat has tracked 3 news articles for Elme Communities this week, compared to 2 articles on an average week. 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 1.20% 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.Read more about Elme Communities' insider trading history. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Elme Communities are expected to remain at $0.94 per share in the coming year.Price to Earnings Ratio vs. the MarketThe P/E ratio of Elme Communities is -28.67, 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 -28.67, 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 1.38. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Paradigm PressKamala’s Dirty Election Move… RevealedAccording to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move… Click here now and learn how to prepare. 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 HeadlinesSeptember 1, 2024 | americanbankingnews.comContrasting Elme Communities (NYSE:ELME) & Lamar Advertising (NASDAQ:LAMR)August 3, 2024 | markets.businessinsider.comAnalysts Offer Insights on Real Estate Companies: Federal Realty (FRT), RLJ Lodging (RLJ) and Elme Communities (ELME)September 7, 2024 | Paradigm Press (Ad)Kamala’s Dirty Election Move… RevealedAccording to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move… August 3, 2024 | seekingalpha.comElme Communities (ELME) Q2 2024 Earnings Call TranscriptAugust 2, 2024 | nz.finance.yahoo.comElme Communities (WRI.F)August 2, 2024 | msn.comDo Options Traders Know Something About Elme (ELME) Stock We Don't?August 1, 2024 | msn.comElme Communities FFO of $0.23 in-line, revenue of $60.1M misses by $0.27MAugust 1, 2024 | globenewswire.comElme Communities Announces Second Quarter 2024 ResultsSeptember 7, 2024 | Paradigm Press (Ad)Kamala’s Dirty Election Move… RevealedAccording to former advisor to the CIA, the Pentagon and the White House Jim Rickards… Kamala and her puppet masters are planning this dirty election move… August 1, 2024 | finance.yahoo.comElme Communities (ELME)July 24, 2024 | nz.finance.yahoo.comElme Communities (ELME) latest stock news & headlines – Yahoo FinanceJuly 24, 2024 | nz.finance.yahoo.comElme Communities (ELME) interactive stock chart – Yahoo FinanceJuly 18, 2024 | seekingalpha.comElme Communities: Not Worth The RisksJuly 11, 2024 | globenewswire.comElme Communities Announces New $500 Million Credit FacilityJune 24, 2024 | globenewswire.comElme Communities to Release Second Quarter 2024 Results on Thursday, August 1stMay 15, 2024 | markets.businessinsider.comElme Communities (ELME): Hold Rating Amid Mixed Valuation and Near-Term ConcernsMay 9, 2024 | investorplace.com7 Low-Cost Dividend Stocks to Boost Your PortfolioMay 6, 2024 | finance.yahoo.comElme Communities (NYSE:ELME) Q1 2024 Earnings Call TranscriptSee 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 7/3 Dividend6/20/2024Dividend Payable7/03/2024Today9/07/2024Ex-Dividend for 10/3 Dividend9/19/2024Dividend Payable10/03/2024Next Earnings (Estimated)10/24/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryTrading Current SymbolNYSE:ELME CUSIPN/A CIK104894 Webwww.elmecommunities.com Phone(202) 774-3200Fax301-984-9610Employees100Year FoundedN/APrice Target and Rating Average Stock Price Target$16.00 High Stock Price Target$18.00 Low Stock Price Target$14.00 Potential Upside/Downside-8.5%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.61) Trailing P/E RatioN/A Forward P/E Ratio18.61 P/E GrowthN/ANet Income$-52,980,000.00 Net Margins-22.90% Pretax Margin-22.90% Return on Equity-4.70% Return on Assets-2.85% Debt Debt-to-Equity Ratio0.61 Current Ratio0.55 Quick Ratio0.55 Sales & Book Value Annual Sales$235.12 million Price / Sales6.55 Cash Flow$0.45 per share Price / Cash Flow38.62 Book Value$12.70 per share Price / Book1.38Miscellaneous Outstanding Shares88,004,000Free Float86,948,000Market Cap$1.54 billion OptionableOptionable Beta0.90 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Paul T. McDermott (Age 62)Chairman of Board, President & CEO Comp: $1.73MMr. Steven M. Freishtat (Age 49)Executive VP & CFO Comp: $573.75kMs. Tiffany M. Butcher (Age 45)Executive VP & COO Comp: $619.35kMs. Susan Lilly Gerock (Age 57)Senior VP of Information Technology & Chief Information Officer Comp: $559.16kMr. Wade Drew Hammond (Age 49)Senior VP, Chief Administrative Officer, Treasurer & Corporate Secretary Comp: $513.94kMr. Daniel P. ChappellVice President of InvestmentsMr. A. Grant MontgomeryVice President of ResearchMs. Amy HopkinsVice President of Investor RelationsMore ExecutivesKey CompetitorsStepStone GroupNASDAQ:STEPJanus Henderson GroupNYSE:JHGFreedomNASDAQ:FRHCEssential Properties Realty TrustNYSE:EPRTVirtu FinancialNASDAQ:VIRTView All CompetitorsInstitutional OwnershipDigitalBridge Group Inc.Bought 510,496 shares on 8/15/2024Ownership: 0.580%Susquehanna Fundamental Investments LLCBought 47,859 shares on 8/15/2024Ownership: 0.199%AQR Capital Management LLCSold 8,456 shares on 8/15/2024Ownership: 0.143%The Manufacturers Life Insurance Company Bought 2,257 shares on 8/15/2024Ownership: 0.085%Caxton Associates LPBought 14,893 shares on 8/15/2024Ownership: 0.064%View All Institutional Transactions ELME Stock Analysis - Frequently Asked Questions How have ELME shares performed this year? Elme Communities' stock was trading at $14.60 at the beginning of 2024. Since then, ELME shares have increased by 19.8% and is now trading at $17.49. View the best growth stocks for 2024 here. How were Elme Communities' earnings last quarter? Elme Communities (NYSE:ELME) posted its quarterly earnings results on Friday, February, 17th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.29. The business's quarterly revenue was up 24.2% on a year-over-year basis. Who are Elme Communities' major shareholders? Elme Communities' top institutional investors include Allspring Global Investments Holdings LLC (2.39%), William Blair Investment Management LLC (2.21%), Dimensional Fund Advisors LP (1.43%) and Renaissance Technologies LLC (1.18%). 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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