Elme Communities (NYSE:ELME - Get Free Report) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.920-0.940 for the period, compared to the consensus estimate of 0.930. The company issued revenue guidance of -. Elme Communities also updated its FY24 guidance to $0.92-0.94 EPS.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Wolfe Research started coverage on shares of Elme Communities in a report on Monday, October 21st. They set a "peer perform" rating on the stock. Wells Fargo & Company boosted their target price on shares of Elme Communities from $14.00 to $17.00 and gave the company an "equal weight" rating in a report on Friday, September 13th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Elme Communities from $17.00 to $19.00 and gave the company an "overweight" rating in a report on Monday, September 16th.
View Our Latest Research Report on Elme Communities
Elme Communities Stock Up 1.3 %
ELME traded up $0.22 during midday trading on Monday, hitting $16.70. The company had a trading volume of 428,651 shares, compared to its average volume of 580,800. Elme Communities has a 52 week low of $12.74 and a 52 week high of $18.49. 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 company has a market capitalization of $1.47 billion, a price-to-earnings ratio of -26.58 and a beta of 0.89. The stock's 50 day moving average price is $17.40 and its 200 day moving average price is $16.43.
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.
Further Reading
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