Elme Communities (ELME) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $16.28 to $16.62
• 50-Day Range: $16.30 to $18.25
• 52-Week Range: $12.74 to $18.49
• Volume: 721,488 shs
• Average Volume: 527,062 shs
• Market Capitalization: $1.43 billion
• P/E Ratio: N/A
• Dividend Yield: 4.42%
• Price Target: $17.33
• Consensus Rating: Hold

Elme Communities Stock Analysis - MarketRank™

Elme Communities scored higher than 34% of companies evaluated by MarketBeat, and ranked 808th out of 963 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: 1.1 / 5
• Analyst Rating: Hold

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 only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: 1.06%

Earnings Growth

Earnings for Elme Communities are expected to grow by 1.06% in the coming year, from $0.94 to $0.95 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Elme Communities is -108.66, 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 -108.66, 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 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.83% 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 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Elme Communities has recently decreased by 4.24%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Elme Communities is a leading dividend payer. It pays a dividend yield of 4.35%, 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 EPS estimates, Elme Communities will have a dividend payout ratio of 75.79% in the coming year. This indicates that Elme Communities may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.83% 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 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Elme Communities has recently decreased by 4.24%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: N/A

News Sentiment

Elme Communities has a news sentiment score of 1.87. 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 0.67 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Elme Communities this week, compared to 2 articles 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 0% compared to the previous 30 days.

MarketBeat Follows

3 people have added Elme Communities to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 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

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.

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 11.6% and is now trading at $16.30.
View the best growth stocks for 2024 here.

How were Elme Communities' earnings last quarter?

Elme Communities (NYSE:ELME) issued its quarterly earnings results on Monday, November, 4th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.24 by $0.27. The company's revenue was up 7.8% on a year-over-year basis.

Who are Elme Communities' major shareholders?

Elme Communities' top institutional shareholders include FMR LLC (6.41%), State Street Corp (5.83%), Geode Capital Management LLC (2.54%) and HGI Capital Management LLC (2.53%).

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.

What other stocks do shareholders of Elme Communities own?

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

• Ex-Dividend for 10/3 Dividend: 9/19/2024
• Dividend Payable: 10/03/2024
• Last Earnings: 11/04/2024
• Today: 11/16/2024
• Ex-Dividend for 1/6 Dividend: 12/19/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/06/2025
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• Current Symbol: NYSE:ELME
• CUSIP: N/A
• CIK: 104894
• Web: www.elmecommunities.com
• Phone: (202) 774-3200
• Fax: 301-984-9610
• Employees: 100
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $17.33
• High Stock Price Target: $19.00
• Low Stock Price Target: $16.00
• Potential Upside/Downside: +6.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.15)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 17.34
• P/E Growth: N/A
• Net Income: $-52,980,000.00
• Net Margins: -5.51%
• Pretax Margin: -5.51%
• Return on Equity: -1.17%
• Return on Assets: -0.70%

Debt

• Debt-to-Equity Ratio: 0.63
• Current Ratio: 0.55
• Quick Ratio: 0.55

Sales & Book Value

• Annual Sales: $227.91 million
• Price / Sales: 6.29
• Cash Flow: $0.45 per share
• Price / Cash Flow: 36.19
• Book Value: $12.49 per share
• Price / Book: 1.31

Miscellaneous

• Outstanding Shares: 88,010,000
• Free Float: 86,954,000
• Market Cap: $1.43 billion
• Optionable: Optionable
• Beta: 0.89