NYSE:ELME Elme Communities (ELME) Stock Price, News & Analysis → What’s Pelosi Buying Now? (From Altimetry) (Ad) Free ELME Stock Alerts $15.48 -0.05 (-0.32%) (As of 06/4/2024 ET) Add Compare Share Share Today's Range$15.47▼$15.5750-Day Range$13.38▼$16.3052-Week Range$12.44▼$17.19Volume529,371 shsAverage Volume670,754 shsMarket Capitalization$1.36 billionP/E RatioN/ADividend Yield4.65%Price Target$16.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Elme Communities alerts: Email Address Elme Communities MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside3.4% Upside$16.00 Price TargetShort InterestHealthy1.89% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.92Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth-1.08%From $0.93 to $0.92 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.0.56 out of 5 starsFinance Sector804th out of 850 stocksReal Estate Investment Trusts Industry165th out of 176 stocks 1.2 Analyst's Opinion Consensus RatingElme Communities has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageElme Communities has only been the subject of 1 research reports in the past 90 days.Read more about Elme Communities' stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.89% of the float of Elme Communities has been sold short.Short Interest Ratio / Days to CoverElme Communities has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Elme Communities has recently increased by 17.99%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipElme Communities is a leading dividend payer. It pays a dividend yield of 4.67%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthElme Communities has only been increasing its dividend for 2 years.Dividend SustainabilityBased on EPS estimates, Elme Communities will have a dividend payout ratio of 78.26% in the coming year. This indicates that Elme Communities may not be able to sustain their current dividend.Read more about Elme Communities' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for ELME. Previous Next 3.3 News and Social Media Coverage News SentimentElme Communities has a news sentiment score of 0.92. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Elme Communities this week, compared to 2 articles on an average week.Search Interest1 people have searched for ELME on MarketBeat in the last 30 days. MarketBeat Follows2 people have added Elme Communities to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Elme Communities insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.20% of the stock of Elme Communities is held by insiders.Percentage Held by Institutions87.88% of the stock of Elme Communities is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Elme Communities' insider trading history. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Elme Communities are expected to decrease by -1.08% in the coming year, from $0.93 to $0.92 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Elme Communities is -25.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Elme Communities is -25.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioElme Communities has a P/B Ratio of 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Elme Communities' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad AltimetryWhat’s Pelosi Buying Now?They Make the Top Investors Look Like Amateurs They beat the market for three years straight… avoided some of the biggest crashes in stock market history... and perfectly played the booms in artificial intelligence, electric vehicles, and cryptocurrencies. One of their wealthiest members is even outperforming Warren Buffett.Discover where they're moving their money to now. About Elme Communities Stock (NYSE:ELME)Elme Communities is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience. The Company is a multifamily real estate investment trust that owns and operates approximately 9,400 apartment homes in the Washington, DC metro and the Atlanta metro regions, and owns approximately 300,000 square feet of commercial space. Focused on providing quality, affordable homes to a deep, solid, and underserved base of mid-market demand, Elme Communities is building long-term value for shareholders.Read More ELME Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ELME Stock News HeadlinesMay 15, 2024 | markets.businessinsider.comElme Communities (ELME): Hold Rating Amid Mixed Valuation and Near-Term ConcernsMay 9, 2024 | investorplace.com7 Low-Cost Dividend Stocks to Boost Your PortfolioMay 6, 2024 | finance.yahoo.comElme Communities (NYSE:ELME) Q1 2024 Earnings Call TranscriptMay 5, 2024 | seekingalpha.comElme Communities 2024 Q1 - Results - Earnings Call PresentationMay 4, 2024 | finance.yahoo.comQ1 2024 Elme Communities Earnings CallMay 3, 2024 | finance.yahoo.comElme Communities (ELME) Q1 2024 Earnings Call Transcript Highlights: Navigating Market ...May 1, 2024 | investorplace.comELME Stock Earnings: Elme Communities Beats EPS, Beats Revenue for Q1 2024May 1, 2024 | msn.comElme Communities reports Q1 results; reaffirms FY24 outlookMay 1, 2024 | finance.yahoo.comElme Communities Reports Q1 2024 Earnings: A Detailed ExaminationMay 1, 2024 | globenewswire.comElme Communities Announces First Quarter 2024 ResultsApril 11, 2024 | markets.businessinsider.comElme Communities: Balancing Market Strengths Against Operational Challenges – A Hold Rating AnalysisMarch 30, 2024 | yahoo.comResidents locked out of apartment after massive fire in MariettaMarch 26, 2024 | globenewswire.comElme Communities to Release First Quarter 2024 Results on Wednesday, May 1stMarch 18, 2024 | finance.yahoo.comElme Communities's Dividend AnalysisMarch 16, 2024 | finance.yahoo.comELME Apr 2024 12.500 callMarch 1, 2024 | nasdaq.comRelative Strength Alert For Elme CommunitiesFebruary 20, 2024 | msn.comElme Communities files for mixed shelf; to sell about 12K shares for holdersFebruary 18, 2024 | msn.comElme Communities Is Worried About This – Should You Be Worried Too?February 18, 2024 | finance.yahoo.comElme Communities (NYSE:ELME) Q4 2023 Earnings Call TranscriptFebruary 17, 2024 | finance.yahoo.comELME Mar 2024 15.000 callFebruary 17, 2024 | finance.yahoo.comQ4 2023 Elme Communities Earnings CallFebruary 16, 2024 | msn.comElme Communities declares $0.18 dividendFebruary 16, 2024 | finance.yahoo.comELME Feb 2024 12.500 putFebruary 15, 2024 | finance.yahoo.comElme Communities Reports Growth in Core FFO and NOI for Full Year 2023February 15, 2024 | globenewswire.comElme Communities Announces Fourth Quarter and Full Year 2023 ResultsSee More Headlines Receive ELME Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Elme Communities and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/17/2023Ex-Dividend for 4/3 Dividend3/19/2024Dividend Payable4/03/2024Today6/04/2024Ex-Dividend for 7/3 Dividend6/20/2024Dividend Payable7/03/2024Next Earnings (Estimated)7/29/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryN/A Current SymbolNYSE:ELME CUSIPN/A CIK104894 Webwww.elmecommunities.com Phone(202) 774-3200Fax301-984-9610Employees243Year FoundedN/APrice Target and Rating Average Stock Price Target$16.00 High Stock Price Target$18.00 Low Stock Price Target$14.00 Potential Upside/Downside+3.4%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.61) Trailing P/E RatioN/A Forward P/E Ratio16.65 P/E GrowthN/ANet Income$-52,980,000.00 Net Margins-22.88% Pretax Margin-22.88% Return on Equity-4.51% Return on Assets-2.82% Debt Debt-to-Equity Ratio0.60 Current Ratio0.64 Quick Ratio0.64 Sales & Book Value Annual Sales$227.91 million Price / Sales5.98 Cash Flow$0.46 per share Price / Cash Flow33.68 Book Value$13.14 per share Price / Book1.18Miscellaneous Outstanding Shares88,000,000Free Float86,948,000Market Cap$1.36 billion OptionableOptionable Beta0.88 These 7 Stocks Will Be Magnificent in 2024With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.Get This Free Report Key ExecutivesMr. Paul T. McDermott (Age 62)Chairman of Board, President & CEO Comp: $1.73MMr. Steven M. Freishtat (Age 49)Executive VP & CFO Comp: $573.75kMs. Tiffany M. Butcher (Age 45)Executive VP & COO Comp: $619.35kMs. Susan Lilly Gerock (Age 57)Senior VP of Information Technology & Chief Information Officer Comp: $559.16kMr. Wade Drew Hammond (Age 49)Senior VP, Chief Administrative Officer, Treasurer & Corporate Secretary Comp: $513.94kMr. Daniel P. ChappellVice President of InvestmentsMr. A. Grant MontgomeryVice President of ResearchMs. Amy HopkinsVice President of Investor RelationsMore ExecutivesKey CompetitorsRithm CapitalNYSE:RITMKite Realty Group TrustNYSE:KRGEssential Properties Realty TrustNYSE:EPRTVornado Realty TrustNYSE:VNORayonierNYSE:RYNView All CompetitorsInstitutional OwnershipDekaBank Deutsche GirozentraleBought 2,831 shares on 6/4/2024Ownership: 0.026%Zimmer Partners LPSold 82,500 shares on 5/17/2024Ownership: 0.301%California State Teachers Retirement SystemSold 4,800 shares on 5/16/2024Ownership: 0.100%Caxton Associates LPBought 19,173 shares on 5/16/2024Ownership: 0.047%Bayesian Capital Management LPBought 9,500 shares on 5/16/2024Ownership: 0.024%View All Institutional Transactions ELME Stock Analysis - Frequently Asked Questions Should I buy or sell Elme Communities stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Elme Communities in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ELME shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ELME, but not buy additional shares or sell existing shares. View ELME analyst ratings or view top-rated stocks. What is Elme Communities' stock price target for 2024? 3 equities research analysts have issued 12-month price objectives for Elme Communities' stock. Their ELME share price targets range from $14.00 to $18.00. On average, they expect the company's stock price to reach $16.00 in the next year. This suggests a possible upside of 3.4% from the stock's current price. View analysts price targets for ELME or view top-rated stocks among Wall Street analysts. How have ELME shares performed in 2024? Elme Communities' stock was trading at $14.60 at the beginning of 2024. Since then, ELME stock has increased by 6.0% and is now trading at $15.48. View the best growth stocks for 2024 here. Are investors shorting Elme Communities? Elme Communities saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,640,000 shares, an increase of 18.0% from the April 30th total of 1,390,000 shares. Based on an average trading volume of 682,500 shares, the short-interest ratio is currently 2.4 days. Approximately 1.9% of the shares of the stock are sold short. View Elme Communities' Short Interest. When is Elme Communities' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024. View our ELME earnings forecast. How were Elme Communities' earnings last quarter? Elme Communities (NYSE:ELME) announced its quarterly earnings data on Friday, February, 17th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.29. The business had revenue of $55.59 million for the quarter, compared to analyst estimates of $55.80 million. Elme Communities had a negative net margin of 22.88% and a negative trailing twelve-month return on equity of 4.51%. The company's revenue was up 24.2% on a year-over-year basis. During the same period last year, the firm earned $0.17 EPS. How often does Elme Communities pay dividends? What is the dividend yield for Elme Communities? Elme Communities announced a quarterly dividend on Wednesday, May 1st. Investors of record on Thursday, June 20th will be paid a dividend of $0.18 per share on Wednesday, July 3rd. This represents a $0.72 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Thursday, June 20th. Read our dividend analysis for ELME. Is Elme Communities a good dividend stock? Elme Communities (NYSE:ELME) pays an annual dividend of $0.72 per share and currently has a dividend yield of 4.67%. ELME has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for ELME. What ETFs hold Elme Communities' stock? ETFs with the largest weight of Elme Communities (NYSE:ELME) stock in their portfolio include Residential REIT ETF (HAUS), ALPS REIT Dividend Dogs ETF (RDOG), Kelly Residential & Apartment Real Estate ETF (RESI), Cambria Global Real Estate ETF (BLDG), Nuveen Short-Term REIT ETF (NURE), IQ CBRE Real Assets ETF (IQRA), ETFB Green SRI REITs ETF (RITA) and iShares Residential and Multisector Real Estate ETF (REZ). What guidance has Elme Communities issued on next quarter's earnings? Elme Communities issued an update on its FY 2024 earnings guidance on Wednesday, May, 1st. The company provided earnings per share guidance of 0.900-0.960 for the period, compared to the consensus EPS estimate of 0.920. The company issued revenue guidance of -. Who are Elme Communities' major shareholders? Elme Communities' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (16.11%), Thornburg Investment Management Inc. (2.79%), Allspring Global Investments Holdings LLC (2.49%), Allspring Global Investments Holdings LLC (2.48%), William Blair Investment Management LLC (2.22%) and V3 Capital Management L.P. (1.12%). How do I buy shares of Elme Communities? Shares of ELME stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:ELME) was last updated on 6/4/2024 by MarketBeat.com Staff From Our PartnersWas the Great Financial Crisis fun?The Great Financial Crisis, which actually started in the summer of 2007 and did not end until March of 2009, ...Brooks Enterprises| SponsoredCollapse of the Petrodollar The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Ru...Colonial Metals| SponsoredAlex's "Next Magnificent Seven" StocksToday Alex Green is releasing his new breakdown of AI's "Next Magnificent Seven." So please make some time ...The Oxford Club| Sponsored[Webinar] Understanding Covered CallsDiscover the details of this option-selling strategy.OIC| SponsoredWhat’s Pelosi Buying Now?They Make the Top Investors Look Like Amateurs They beat the market for three years straight… avoided some ...Altimetry| Sponsored[Urgent!] Generational Wealth GameplanA brand-new guide from the host of one of the world's largest cryptocurrency podcasts lays out an action plan ...Crypto 101 Media| SponsoredNext President (Not Trump. Not Biden.)Do you want to see who I believe will be the next president of the U.S.A? It won’t be Biden…And it won’t be...The Freeport Society| SponsoredAre You Positioned For The New Energy Goldrush?Open AI’s Sam Altman recently helped this company raise $577 million in funding… What’s more is, It has alr...Wealthpin Pro| Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Elme Communities Please log in to your account or sign up in order to add this asset to your watchlist. Share Elme Communities With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.