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Elme Communities (ELME)
NYSE:ELME
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ELME Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$12.44 - $18.49
Previous Close$18.12
Volume574.65K
Average Volume (3M)496.16K
Market Cap
$1.59B
Enterprise Value$2.27B
Total Cash (Recent Filing)$5.63M
Total Debt (Recent Filing)$678.73M
Price to Earnings (P/E)―
Beta0.65
Next Earnings
Oct 24, 2024EPS Estimate
-$0.03Last Dividend Ex-Date
Sep 19, 2024Dividend Yield3.97%
Share Statistics
EPS (TTM)-0.62
Shares Outstanding88,010,570
10 Day Avg. Volume545,189
30 Day Avg. Volume496,156
Standard Deviation0.08
R-Squared0.35
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)1.41
Price to Sales (P/S)6.78
Price to Cash Flow (P/CF)13.80
P/FCF Ratio19.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.65
Enterprise Value/Gross Profit16.20
Enterprise Value/Ebitda15.34
Forecast
1Y Price Target
$18.00Price Target Upside0.45% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Elme Communities News
PremiumCompany Announcements
Elme Communities Releases Mid-Year Financial InsightsBulls Say, Bears Say
Bulls Say
Financial PerformanceThe internalization completed in '23 is expected to contribute to better than peer average fundamentals in '24, benefiting from their DC exposure.
Long-term Demand DriversLong-term demand drivers in NoVa are encouraging.
Stock ValuationELME noted that they continue to view their stock price as undervalued and have no plans to issue equity at or near current levels.
Bears Say
Asset ValuationThe applied cap rate to Watergate indicates a reduction in asset value compared to previous impairment, reflecting a less optimistic valuation.
Interest ExpenseThere are near-term concerns around expectations for interest expense.
Operational CostsELME's discount on an ICR basis vs. peers is justified given their exposure to Watergate, lower asset quality vs. large cap MF peers, higher cost of debt and heavier G&A load without ample near-term growth opportunities.
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Ownership Overview
2.93% Insiders
32.36% Mutual Funds
46.58% Other Institutional Investors
18.13% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ELME FAQ
What was Elme Communities’s price range in the past 12 months?
Elme Communities lowest stock price was $12.44 and its highest was $18.49 in the past 12 months.
What is Elme Communities’s market cap?
Currently, no data Available
When is Elme Communities’s upcoming earnings report date?
Elme Communities’s upcoming earnings report date is Oct 24, 2024 which is in 34 days.
How were Elme Communities’s earnings last quarter?
Elme Communities released its earnings results on Aug 01, 2024. The company reported -$0.04 earnings per share for the quarter, missing the consensus estimate of -$0.027 by -$0.013.
Is Elme Communities overvalued?
According to Wall Street analysts Elme Communities’s price is currently Undervalued.
Does Elme Communities pay dividends?
Elme Communities pays a Quarterly dividend of $0.18 which represents an annual dividend yield of 3.97%. See more information on Elme Communities dividends here
What is Elme Communities’s EPS estimate?
Elme Communities’s EPS estimate is -$0.03.
How many shares outstanding does Elme Communities have?
Elme Communities has 88,010,570 shares outstanding.
What happened to Elme Communities’s price movement after its last earnings report?
Elme Communities reported an EPS of -$0.04 in its last earnings report, missing expectations of -$0.027. Following the earnings report the stock price went up 1.452%.
Which hedge fund is a major shareholder of Elme Communities?
Among the largest hedge funds holding Elme Communities’s share is Third Avenue Management LLC. It holds Elme Communities’s shares valued at 1M.
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Elme Communities Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$18.00 (0.45% Upside)
$18.00 (0.45% Upside)
Blogger Sentiment
Neutral
ELME Sentiment 50%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 15.7K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
28.44%
12-Months-Change
Fundamentals
Return on Equity
-4.59%
Trailing 12-Months
Asset Growth
1.25%
Trailing 12-Months
Company Description
Elme Communities
Washington Real Estate Investment Trust engages in the ownership and operation of income-producing real estate properties. It operates through the following segments: Office and Multifamily. The Office segment provides office space for various types of businesses and professions. The Multifamily segment provides rental housing for individuals and families throughout Washington metro region. The company was founded by Arthur A. Birney and Benjamin H. Dorsey in 1960 and is headquartered in Washington, DC.
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ELME Company Deck
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ELME Earnings Call
Q2 2024
0:00 / 0:00
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ELME Stock 12 Month Forecast
Average Price Target
$18.00
▲(0.45% Upside)
Technical Analysis
Best Analysts Covering ELME
1 Year
1 Year Success Rate
3/5 ratings generated profit
1 Year Average Return
+8.74%
reiterated a buy rating 5 days ago
Copying Anthony Paolone's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of +8.74% per trade.
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