Elme Communities Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Elme Communities stock have an average target of 17.5, with a low estimate of 16 and a high estimate of 19. The average target predicts an increase of 17.14% from the current stock price of 14.94.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$16	$17.5	$18	$19
Change	+7.10%	+17.14%	+20.48%	+27.18%

Analyst Ratings

The average analyst rating for ELME stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	0	0	0	0	0	0
Buy	1	1	2	2	2	1
Hold	2	2	2	3	3	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	4	5	5	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Mueller JP Morgan	JP Morgan	Buy → Hold Downgrades $19 → $18	Buy → Hold	Downgrades	$19 → $18	+20.48%	Dec 17, 2024
Cole Bardawill Wolfe Research	Wolfe Research	Hold Initiates n/a	Hold	Initiates	n/a	n/a	Oct 21, 2024
Anthony Paolone JP Morgan	JP Morgan	Buy Maintains $17 → $19	Buy	Maintains	$17 → $19	+27.18%	Sep 16, 2024
Blaine Heck Wells Fargo	Wells Fargo	Hold Maintains $14 → $17	Hold	Maintains	$14 → $17	+13.79%	Sep 13, 2024
Michael Lewis Truist Securities	Truist Securities	Hold Maintains $15 → $16	Hold	Maintains	$15 → $16	+7.10%	May 15, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

245.05M

Revenue Next Year

251.87M

from 245.05M

2.78%

from 245.05M

EPS This Year

-0.14

from -0.61

EPS Next Year

-0.11

from -0.14

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	-	-	-	-	-	245.05M	251.87M	266.67M
Revenue Growth	-39.41%	-0.42%	-3.89%	23.78%	8.85%	-	2.78%	5.88%
EPS	4.75	-0.20	0.19	-0.36	-0.61	-0.14	-0.11	-0.05
EPS Growth	1,394.03%	-	-	-	-	-	-	-
Forward PE	-	-	-	-	-	-	-	-
No. Analysts	-	-	-	-	-	3	3	3

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026
High	252.6M	262.7M	277.1M
Avg	245.1M	251.9M	266.7M
Low	235.2M	240.3M	253.8M

Revenue Growth

Revenue Growth	2024	2025	2026
High	-	7.2%	10.0%
Avg	-	2.8%	5.9%
Low	-	-1.9%	0.8%

EPS Forecast

EPS	2024	2025	2026
High	-0.15	-0.12	-0.05
Avg	-0.14	-0.11	-0.05
Low	-0.14	-0.11	-0.05

EPS Growth

EPS Growth	2024	2025	2026
High	-	-	-
Avg	-	-	-
Low	-	-	-

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.