Elme Communities (NYSE:ELME) Announces Quarterly Earnings Results

Elme Communities (NYSE:ELME) announced its quarterly earnings data on Thursday. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.26, Zacks reports. Elme Communities had a negative net margin of 5.51% and a negative return on equity of 1.17%. Elme Communities updated its FY 2025 guidance to 0.910-0.970 EPS.

Elme Communities Price Performance

Shares of Elme Communities stock opened at $17.28 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -115.21 and a beta of 0.91. Elme Communities has a 1-year low of $12.74 and a 1-year high of $18.49. The firm’s 50-day moving average price is $15.25 and its two-hundred day moving average price is $16.47.

Elme Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, March 19th. This represents a $0.72 annualized dividend and a yield of 4.17%. Elme Communities’s dividend payout ratio is -479.97%.

Analyst Ratings Changes

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

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.