Elme Communities (ELME) has disclosed a new risk, in the Share Price & Shareholder Rights category.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Elme Communities faces significant risks if the Plan of Sale and Liquidation is approved by shareholders. These risks include potential additional liabilities, difficulties in selling remaining assets at expected prices, and reliance on key personnel who may not stay. The company might need extra capital for the wind-down process, which could reduce shareholder distributions, and there is a risk of shareholder liability to creditors. Furthermore, changes in accounting practices, higher operational costs, and potential delisting from the NYSE add to the uncertainties surrounding the liquidation process.
Overall, Wall Street has a Hold consensus rating on ELME stock based on 3 Holds.
To learn more about Elme Communities’ risk factors, click here.