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Elme Communities (ELME)
NYSE:ELME
Elme Communities (ELME) Stock Price & Analysis
109 Followers
ELME Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$11.98 - $16.55
Previous Close$16.37
Volume334.69K
Average Volume (3M)572.38K
Market Cap
$1.44B
Enterprise Value$2.12B
Total Cash (Recent Filing)$4.20M
Total Debt (Recent Filing)$682.54M
Price to Earnings (P/E)―
Beta0.74
Next Earnings
Aug 01, 2024EPS Estimate
-$0.03Last Dividend Ex-Date
Jun 20, 2024Dividend Yield4.4%
Share Statistics
EPS (TTM)-0.61
Shares Outstanding88,004,082
10 Day Avg. Volume643,917
30 Day Avg. Volume572,375
Standard Deviation0.08
R-Squared0.34
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)1.17
Price to Sales (P/S)5.83
Price to Cash Flow (P/CF)15.70
P/FCF Ratio19.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.15
Enterprise Value/Gross Profit15.14
Enterprise Value/Ebitda11.21
Forecast
1Y Price Target
$15.00Price Target Upside-8.37% Downside
Rating ConsensusHold
Number of Analyst Covering2
Elme Communities News
PremiumCompany Announcements
Elme Communities Board Elections and Executive Decisions
PremiumCompany Announcements
Elme Communities Releases First Quarter Financials for 2024
PremiumPre-Earnings
Is ELME a Buy, Before Earnings?
Bulls 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
32.39% Mutual Funds
33.42% Other Institutional Investors
31.26% 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 $11.98 and its highest was $16.55 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 Aug 01, 2024 which is in 11 days.
How were Elme Communities’s earnings last quarter?
Elme Communities released its earnings results on May 01, 2024. The company reported -$0.04 earnings per share for the quarter, missing the consensus estimate of -$0.03 by -$0.01.
Is Elme Communities overvalued?
According to Wall Street analysts Elme Communities’s price is currently Overvalued.
Does Elme Communities pay dividends?
Elme Communities pays a Quarterly dividend of $0.18 which represents an annual dividend yield of 4.4%. 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 88,004,080 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 -$0.03. Following the earnings report the stock price went up 0.934%.
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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10
Analyst Consensus
Hold
Average Price Target:
$15.00 (-8.37% Downside)
$15.00 (-8.37% Downside)
Blogger Sentiment
Bullish
ELME Sentiment 66%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 70.8K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
4.67%
12-Months-Change
Fundamentals
Return on Equity
-4.45%
Trailing 12-Months
Asset Growth
1.16%
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
Q1 2024
0:00 / 0:00
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ELME Stock 12 Month Forecast
Average Price Target
$15.00
▼(-8.37% Downside)
Technical Analysis
Best Analysts Covering ELME
1 Year
1 Year Success Rate
3/4 ratings generated profit
1 Year Average Return
+4.65%
reiterated a buy rating 4 months ago
Copying Anthony Paolone's trades and holding each position for 1 Year would result in 75.00% of your transactions generating a profit, with an average return of +4.65% per trade.
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