Elme Communities (ELME)

Market Cap	1.39B
Revenue (ttm)	239.52M
Net Income (ttm)	-13.48M
Shares Out	88.02M
EPS (ttm)	-0.16
PE Ratio	n/a
Forward PE	n/a
Dividend	$0.72 (4.57%)
Ex-Dividend Date	Dec 19, 2024

Volume	474,373
Open	15.76
Previous Close	15.82
Day's Range	15.56 - 15.84
52-Week Range	12.74 - 18.49
Beta	0.91
Analysts	Hold
Price Target	17.50 (+11.18%)
Earnings Date	Nov 4, 2024

About 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 sh...

• Industry: REIT - Residential
• Sector: Real Estate
• Founded: 1960
• Employees: 243
• Stock Exchange: NYSE
• Ticker Symbol: ELME
• Website: https://www.elmecommunities.com

Financial Performance

In 2023, Elme Communities's revenue was $227.91 million, an increase of 8.85% compared to the previous year's $209.38 million. Losses were -$53.23 million, 71.2% more than in 2022.

Analyst Forecast

According to 5 analysts, the average rating for ELME stock is "Hold." The 12-month stock price forecast is $17.5, which is an increase of 11.18% from the latest price.

Price Target

$17.5

(11.18% upside)

Analyst Consensus: Hold