Elme Communities (NYSE:ELME - Get Free Report) will issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.
Elme Communities Stock Performance
Shares of NYSE:ELME traded up $0.11 during trading on Monday, reaching $17.13. The stock had a trading volume of 332,099 shares, compared to its average volume of 584,301. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $17.42 and a two-hundred day simple moving average of $16.36. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of -27.62 and a beta of 0.90. Elme Communities has a 52 week low of $12.44 and a 52 week high of $18.49.
Elme Communities Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Thursday, September 19th. Elme Communities's dividend payout ratio is -116.13%.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Elme Communities from $17.00 to $19.00 and gave the company an "overweight" rating in a research note on Monday, September 16th. Wolfe Research assumed coverage on shares of Elme Communities in a report on Monday, October 21st. They issued a "peer perform" rating for the company. Finally, Wells Fargo & Company boosted their price objective on shares of Elme Communities from $14.00 to $17.00 and gave the stock an "equal weight" rating in a report on Friday, September 13th.
Read Our Latest Stock Analysis on ELME
About Elme Communities
(
Get Free Report)
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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