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

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

Elme Communities Trading Up 11.6 %

Elme Communities stock opened at $17.28 on Friday. Elme Communities has a 52 week low of $12.74 and a 52 week high of $18.49. The stock has a market capitalization of $1.52 billion, a P/E ratio of -115.21 and a beta of 0.91. The stock has a 50-day simple moving average of $15.25 and a 200 day simple moving average of $16.47. 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 (NYSE:ELME) last issued its earnings results on Thursday, February 13th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.26. Elme Communities had a negative net margin of 5.51% and a negative return on equity of 1.17%. Analysts expect that Elme Communities will post 0.94 earnings per share for the current year.

Elme Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be issued a $0.18 dividend. 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 (DPR) is presently -479.97%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ELME. Wolfe Research assumed coverage on shares of Elme Communities in a research note on Monday, October 21st. They set a “peer perform” rating for the company. 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. Finally, Truist Financial upgraded shares of Elme Communities from a “hold” rating to a “buy” rating in a research note on Friday, January 17th.

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.