Elme Communities (NYSE:ELME – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.91-0.95 for the period, compared to the consensus earnings per share estimate of $0.93.
Analysts Set New Price Targets
Separately, Truist Financial raised their target price on shares of Elme Communities from $15.00 to $16.00 and gave the stock a hold rating in a report on Wednesday, May 15th.
Read Our Latest Stock Report on ELME
Elme Communities Stock Up 1.5 %
About Elme Communities
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.
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