Elme Communities (NYSE:ELME) Updates FY 2025 Earnings Guidance

Elme Communities (NYSE:ELME) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 0.910-0.970 for the period, compared to the consensus EPS estimate of 0.940. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ELME shares. Wolfe Research initiated coverage on Elme Communities in a research note on Monday, October 21st. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. lowered shares of Elme Communities from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $19.00 to $18.00 in a research note on Tuesday, December 17th. Finally, Truist Financial upgraded shares of Elme Communities from a “hold” rating to a “buy” rating in a research note on Friday, January 17th.

Elme Communities Stock Up 1.8 %

Shares of ELME stock traded up $0.28 during mid-day trading on Thursday, hitting $15.51. The company’s stock had a trading volume of 659,585 shares, compared to its average volume of 518,667. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of -103.36 and a beta of 0.91. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.55 and a current ratio of 0.55. Elme Communities has a 52-week low of $12.74 and a 52-week high of $18.49. The business has a 50-day moving average price of $15.26 and a 200 day moving average price of $16.48.

Elme Communities (NYSE:ELME) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.26. Elme Communities had a negative return on equity of 1.17% and a negative net margin of 5.51%. Research analysts predict that Elme Communities will post 0.94 EPS for the current fiscal year.

Elme Communities Company Profile

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.