Truist raised the firm’s price target on Elme Communities (ELME) to $19 from $16 and keeps a Buy rating on the shares as part of a broader research note on REITs. The firm is updating its models to reflect all information received since Q4 results in the sector, including any disclosed January/February portfolio results, along with its updated market rent growth forecasts and the latest overnight financing rate and 10-year Treasury yield curves, the analyst tells investors in a research note.
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Read More on ELME:
- Elme Communities price target raised to $19 from $16 at Truist
- Elme Communities price target raised to $19 from $17 at Wells Fargo
- Elme Communities’ Earnings Call Reveals Strategic Growth and Challenges
- Elme Communities’ Financial Health at Risk Amidst Legal Battles and Industry Scrutiny
- Elme Communities Reports 2024 Financial Results and Strategic Review
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