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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 - $16.55
Previous Close$16.1
Volume333.73K
Average Volume (3M)699.53K
Market Cap
$1.42B
Enterprise Value$2.09B
Total Cash (Recent Filing)$5.98M
Total Debt (Recent Filing)$679.35M
Price to Earnings (P/E)-26.5
Beta0.70
Next Earnings
Jul 25, 2024EPS Estimate
-$0.03Next Dividend Ex-Date
Jun 20, 2024Dividend Yield4.47%
Share Statistics
EPS (TTM)-0.61
Shares Outstanding88,004,082
10 Day Avg. Volume496,087
30 Day Avg. Volume699,533
Standard Deviation0.08
R-Squared0.35
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)1.23
Price to Sales (P/S)6.22
Price to Cash Flow (P/CF)15.50
P/FCF Ratio61.20
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.17
Enterprise Value/Gross Profit7.13
Enterprise Value/Ebitda12.57
Forecast
1Y Price Target
$15.67Price Target Upside-3.87% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Elme Communities News
PremiumCompany Announcements
Elme Communities Releases First Quarter Financials for 2024
PremiumPre-Earnings
Is ELME a Buy, Before Earnings?
PremiumCompany Announcements
Elme Communities Launches New Equity Offering ProgramBulls Say, Bears Say
Bulls Say
Market PositionThe relative strength of DC is anticipated to help offset weakness from ELME's ATL portfolio, leading to above peer average blended rent growth.
Market ValuationELME management views their stock price as undervalued and have no plans to issue equity at or near current levels.
Operational EfficiencyThe internalization completed is expected to contribute to better than peer average fundamentals, benefiting from their DC exposure.
Bears Say
Asset Quality And Growth ProspectsELME's discount on an ICR basis vs. peers is justified due to its involvement with Watergate, possessing lower asset quality than large cap MF peers, and lacking substantial near-term growth opportunities.
Valuation ConcernsELME trades at a premium P/CFFO compared to peers, potentially overvaluing the company given the financial pressures from higher G&A expenses and interest costs.
Valuation Of Specific AssetsThe applied cap rate to Watergate suggests a decreased asset value from previous impairment, indicating a pessimistic outlook on its valuation.
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Ownership Overview
2.90% Insiders
32.88% Mutual Funds
44.22% Other Institutional Investors
20.00% 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 $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 Jul 25, 2024 which is in 64 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 4.47%. 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 0.923%.
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
Neutral
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10
Analyst Consensus
Moderate Buy
Average Price Target:
$15.67 (-3.87% Downside)
$15.67 (-3.87% Downside)
Blogger Sentiment
Bullish
ELME Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 70.8K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
6.48%
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
$15.67
▼(-3.87% Downside)
Technical Analysis
Best Analysts Covering ELME
1 Year
1 Year Success Rate
3/4 ratings generated profit
1 Year Average Return
+2.95%
reiterated a buy rating 2 months ago
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