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Elme Communities (ELME)
NYSE:ELME
Holding ELME?
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ELME Stock Chart & Stats
Day’s Range― - ―
52-Week Range$12.74 - $18.49
Previous CloseN/A
Volume161.96K
Average Volume (3M)639.69K
Market Cap
$1.29B
Enterprise Value$2.23B
Total Cash (Recent Filing)$11.30M
Total Debt (Recent Filing)$1.11B
Price to Earnings (P/E)―
Beta0.73
Next Earnings
Feb 13, 2025EPS Estimate
-0.03Last Dividend Ex-Date
Dec 19, 2024Dividend Yield4.93%
Share Statistics
EPS (TTM)-0.15
Shares Outstanding88,010,280
10 Day Avg. Volume409,795
30 Day Avg. Volume639,691
Standard Deviation0.08
R-Squared0.37
Alpha-0.01
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)5.37
Price to Cash Flow (P/CF)15.60
P/FCF Ratio36.80
Enterprise Value/Market Cap1.73
Enterprise Value/Revenue9.31
Enterprise Value/Gross Profit15.94
Enterprise Value/Ebitda21.17
Forecast
1Y Price Target
$17.00Price Target Upside11.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Elme Communities News
PremiumCompany Announcements
Elme Communities Reports Q3 2024 Financial Results
PremiumCompany Announcements
Elme Communities Reports Q3 Loss But Strong NOIBulls Say, Bears Say
Bulls Say
Insurance BenefitsELME renewed their insurance at pricing below their expectations, which is beneficial.
Market PerformanceELME'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 that should provide $3.4 - $3.8 million in FFO upside.
Bears Say
Financial OutlookThe company has a lot of work to get done and analysts remain sidelined.
Legal And Regulatory RisksAnalysts will be watching for risks related to the RealPage lawsuit and political rent control.
Market PerformanceAtlanta has been underperforming due to elevated bad debt and supply that has been putting pressure on same store revenue growth.
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Ownership Overview
1.20% Insiders
30.27% Mutual Funds
<0.01% Other Institutional Investors
36.27% 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 $12.74 and its highest was $18.49 in the past 12 months.
What is Elme Communities’s market cap?
Elme Communities’s market cap is $1.29B.
When is Elme Communities’s upcoming earnings report date?
Elme Communities’s upcoming earnings report date is Feb 13, 2025 which is in 13 days.
How were Elme Communities’s earnings last quarter?
Elme Communities released its earnings results on Nov 04, 2024. The company reported -$0.03 earnings per share for the quarter, beating the consensus estimate of -$0.032 by $0.002.
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 $0.72 which represents an annual dividend yield of 4.93%. 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 88,010,280 shares outstanding.
What happened to Elme Communities’s price movement after its last earnings report?
Elme Communities reported an EPS of -$0.03 in its last earnings report, beating expectations of -$0.032. Following the earnings report the stock price went up 1.212%.
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 2M.
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Elme Communities Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$17.00 (11.55% Upside)
$17.00 (11.55% Upside)
Blogger Sentiment
Neutral
ELME Sentiment 50%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 2.5K Shares
Last Quarter.
Last Quarter.
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
4.40%
12-Months-Change
Fundamentals
Return on Equity
-1.16%
Trailing 12-Months
Asset Growth
-2.99%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment. While there is strong demand and positive performance in the Washington Metro area, challenges in the Atlanta market, notably with supply, bad debt, and new lease rates, offset these gains. The company is making strategic operational improvements, but the Atlanta market remains a concern.Read More>---
ELME Stock 12 Month Forecast
Average Price Target
$17.00
▲(11.55% Upside)
Technical Analysis
AvalonBay
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Equity Residential
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Mid-America Apartment
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Essex Property
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Camden Property
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Best Analysts Covering ELME
1 Year
1 Year Success Rate
1/1 ratings generated profit
1 Year Average Return
+0.40%
upgraded a buy rating 15 days ago
Copying Michael Lewis's trades and holding each position for 1 Year would result in 100.00% of your transactions generating a profit, with an average return of +0.40% per trade.
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