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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$12.74 - $18.49
Previous Close$15.74
Volume414.58K
Average Volume (3M)524.82K
Market Cap
$1.39B
Enterprise Value$2.08B
Total Cash (Recent Filing)$4.84M
Total Debt (Recent Filing)$690.91M
Price to Earnings (P/E)―
Beta0.69
Next Earnings
Feb 13, 2025EPS Estimate
-$0.03Next Dividend Ex-Date
Dec 19, 2024Dividend Yield4.55%
Share Statistics
EPS (TTM)-0.15
Shares Outstanding88,010,278
10 Day Avg. Volume617,555
30 Day Avg. Volume524,817
Standard Deviation0.08
R-Squared0.36
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)1.26
Price to Sales (P/S)5.81
Price to Cash Flow (P/CF)16.80
P/FCF Ratio39.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue8.68
Enterprise Value/Gross Profit14.85
Enterprise Value/Ebitda19.73
Forecast
1Y Price Target
$18.00Price Target Upside13.42% 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 NOI
Bulls Say, Bears Say
Bulls Say
Insurance SavingsELME renewed their insurance at pricing below their expectations, which is beneficial.
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 that should provide $3.4 - $3.8 million in FFO upside.
Bears Say
Geographical PerformanceAtlanta has been underperforming due to elevated bad debt and supply that has been putting pressure on same store revenue growth.
Legal And Regulatory RisksAnalysts will be watching for risks related to the RealPage lawsuit and political rent control.
Operational ChallengesThe company has a lot of work to get done and analysts remain sidelined.
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Ownership Overview
1.21% Insiders
31.52% Mutual Funds
8.05% Other Institutional Investors
26.15% 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?
Currently, no data Available
When is Elme Communities’s upcoming earnings report date?
Elme Communities’s upcoming earnings report date is Feb 13, 2025 which is in 83 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 $0.18 which represents an annual dividend yield of 4.55%. 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 1.198%.
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:
$18.00 (13.42% Upside)
$18.00 (13.42% Upside)
Blogger Sentiment
Neutral
ELME Sentiment 50%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 2.5K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
24.69%
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
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ELME Stock 12 Month Forecast
Average Price Target
$18.00
▲(13.42% Upside)
Technical Analysis
Best Analysts Covering ELME
1 Year
1 Year Success Rate
3/5 ratings generated profit
1 Year Average Return
-0.18%
reiterated a buy rating 2 months 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 -0.18% per trade.
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