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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$12.12 - $17.05
Previous Close$15.04
Volume577.40K
Average Volume (3M)739.98K
Market Cap
$1.32B
Enterprise Value$2.00B
Total Cash (Recent Filing)$5.98M
Total Debt (Recent Filing)$679.35M
Price to Earnings (P/E)-24.8
Beta0.68
Next Earnings
May 01, 2024EPS Estimate
-$0.03Last Dividend Ex-Date
Mar 19, 2024Dividend Yield4.84%
Share Statistics
EPS (TTM)-0.61
Shares Outstanding87,867,059
10 Day Avg. Volume911,110
30 Day Avg. Volume739,982
Standard Deviation0.08
R-Squared0.39
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)1.13
Price to Sales (P/S)5.80
Price to Cash Flow (P/CF)14.30
P/FCF Ratio56.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue8.76
Enterprise Value/Gross Profit6.81
Enterprise Value/Ebitda12.01
Forecast
1Y Price Target
$15.50Price Target Upside3.40% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Elme Communities News
PremiumCompany Announcements
Elme Communities Launches New Equity Offering Program
PremiumCompany Announcements
Elme Communities Releases Latest Earnings ReportBulls Say, Bears Say
Bulls Say
Financial PerformanceThe internalization completed is expected to contribute to better than peer average fundamentals, benefiting from their DC exposure.
Market PositionThe relative strength of DC is anticipated to help offset weakness from the ATL portfolio, leading to above peer average blended rent growth.
Strategic InitiativesThe internalization is encouraging and is expected to result in better than peer average fundamentals given their DC exposure.
Bears Say
Asset ValuationThe applied cap rate to Watergate indicates a reduction in asset value compared to previous impairment, reflecting a less optimistic valuation.
Financial PerformanceELME is trading at a premium compared to peers on a P/CFFO basis, influenced by higher G&A expenses and interest costs.
Investment RiskELME's discount on an ICR basis versus peers is justified due to their exposure to Watergate, lower asset quality compared to large cap MF peers, and a higher cost of debt.
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Ownership Overview
2.90% Insiders
32.66% Mutual Funds
32.39% Other Institutional Investors
32.05% 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 $12.12 and its highest was $17.05 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 May 01, 2024 which is in 5 days.
How were Elme Communities’s earnings last quarter?
Elme Communities released its earnings results on Feb 15, 2024. The company reported -$0.04 earnings per share for the quarter, missing the consensus estimate of $0.019 by -$0.059.
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 4.84%. 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 88,002,975 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 $0.019. Following the earnings report the stock price went down -3.064%.
Which hedge fund is a major shareholder of Elme Communities?
Among the largest hedge funds holding Elme Communities’s share is Ranger Global Real Estate Advisors, LLC. It holds Elme Communities’s shares valued at 2M.
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Elme Communities Stock Smart Score
Neutral
1
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$15.50 (3.40% Upside)
$15.50 (3.40% Upside)
Blogger Sentiment
Bullish
ELME Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 39.1K Shares
Last Quarter.
Last Quarter.
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-11.79%
12-Months-Change
Fundamentals
Return on Equity
-4.38%
Trailing 12-Months
Asset Growth
1.46%
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
Q4 2024
0:00 / 0:00
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ELME Stock 12 Months Forecast
Average Price Target
$15.50
▲(3.40% Upside)
Technical Analysis
Best Analysts Covering ELME
1 Year
1 Year Success Rate
3/4 ratings generated profit
1 Year Average Return
-0.83%
reiterated a buy rating 23 days 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 -0.83% per trade.
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