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Elme Communities (ELME)
NYSE:ELME

Elme Communities (ELME) Price & Analysis

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ELME Stock Chart & Stats

$3.07
-$0.14(-0.95%)
At close: 4:00 PM EST
$3.07
-$0.14(-0.95%)

Bulls Say, Bears Say

Bulls Say
Market StrengthELME's apartment portfolio is 84% based in D.C Metro which is one of the strongest performing markets in the country.
Operational ImprovementsELME is in the process of making operational improvements through 2024 and 2025 that should provide $3.4 - $3.8 million in FFO upside.
Strategic ReviewThe announcement of a strategic review could be a long-term positive for shareholders.
Bears Say
Management PressureThe announcement could increase pressure on management to pursue a sale, potentially closing off other strategic avenues.
Office Asset ConcernELME has one remaining office asset that currently generates 9% of their NOI.
Revenue Growth PressureAtlanta has been underperforming due to elevated bad debt and supply that has been putting pressure on same store revenue growth.

Elme Communities News

ELME FAQ

What was Elme Communities’s price range in the past 12 months?
Elme Communities lowest stock price was $2.10 and its highest was $18.08 in the past 12 months.
    What is Elme Communities’s market cap?
    Elme Communities’s market cap is $196.60M.
      When is Elme Communities’s upcoming earnings report date?
      Elme Communities’s upcoming earnings report date is Apr 29, 2026 which is in 74 days.
        How were Elme Communities’s earnings last quarter?
        Currently, no data Available
        Is Elme Communities overvalued?
        According to Wall Street analysts Elme Communities’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
          Does Elme Communities pay dividends?
          Elme Communities pays a Notavailable dividend of $14.67 which represents an annual dividend yield of 4.14%. See more information on Elme Communities dividends here
            What is Elme Communities’s EPS estimate?
            Elme Communities’s EPS estimate for its next earnings report is not yet available.
            How many shares outstanding does Elme Communities have?
            Elme Communities has 88,161,160 shares outstanding.
              What happened to Elme Communities’s price movement after its last earnings report?
              Currently, no data Available
              Which hedge fund is a major shareholder of Elme Communities?
              Currently, no hedge funds are holding shares in ELME
              What is the TipRanks Smart Score and how is it calculated?
              Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                Company Description

                Elme Communities

                Elme Communities owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 29, 2020, the Company's portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multifamily apartment units. These 45 properties consist of 22 multifamily properties,15 office properties, and 8 retail centers. Our shares trade on the NYSE. With a track record of driving returns and delivering satisfaction, we are a trusted authority in one of the nation's most competitive real estate markets.

                Elme Communities (ELME) Earnings & Revenues

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                Ownership Overview

                1.63%24.84%0.10%48.74%
                0.10% Other Institutional Investors
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