Elme Communities (ELME)

Market Cap	1.32B
Revenue (ttm)	227.91M
Net Income (ttm)	-52.98M
Shares Out	87.87M
EPS (ttm)	-0.61
PE Ratio	n/a
Forward PE	n/a
Dividend	$0.72 (4.78%)
Ex-Dividend Date	Mar 19, 2024

Volume	855,804
Open	14.87
Previous Close	14.99
Day's Range	14.76 - 15.15
52-Week Range	12.44 - 17.87
Beta	0.93
Analysts	Hold
Price Target	16.67 (+10.76%)
Earnings Date	May 1, 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

Financial Performance

In 2023, ELME's revenue was $227.91 million, an increase of 8.85% compared to the previous year's $209.38 million. Losses were -$52.98 million, 71.6% more than in 2022.

Analyst Forecast

According to 3 analysts, the average rating for ELME stock is "Hold." The 12-month stock price forecast is $16.67, which is an increase of 10.76% from the latest price.

Price Target

$16.67

(10.76% upside)

Analyst Consensus: Hold