ELME

Elme Communities

17.23 USD
+1.74
11.23%
At close Feb 14, 4:00 PM EST
After hours
17.22
-0.01
0.06%
1 day
11.23%
5 days
10.95%
1 month
16.97%
3 months
4.05%
6 months
1.29%
Year to date
14.26%
1 year
21.25%
5 years
-45.30%
10 years
-39.27%
 

About: Elme Communities is a real estate investment trust engaged in owning and operating properties in the greater Washington DC metropolitan area. The company's real estate portfolio is comprised of office, retail, and multifamily properties located near transportation nodes. Washington REIT derives nearly all of its income in the form of rental revenue from tenants organized into long-term leases. The company's office assets contribute the majority of this income, while the rest is split fairly evenly between its retail and multifamily locations. Washington REIT's tenants are banking, consulting, law, and financial services firms.

Employees: 243

0
Funds holding %
of 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

32% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 22

9% more capital invested

Capital invested by funds: $1.25B [Q2] → $1.36B (+$111M) [Q3]

2% more funds holding

Funds holding: 226 [Q2] → 230 (+4) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

1.28% less ownership

Funds ownership: 89.01% [Q2] → 87.73% (-1.28%) [Q3]

15% less repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 81

76% less call options, than puts

Call options by funds: $269K | Put options by funds: $1.13M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target
$18
4%
upside
Avg. target
$18
4%
upside
High target
$18
4%
upside

1 analyst rating

positive
0%
neutral
100%
negative
0%
JP Morgan
Michael Mueller
87% 1-year accuracy
13 / 15 met price target
4%upside
$18
Neutral
Downgraded
17 Dec 2024

Financial journalist opinion

Based on 6 articles about ELME published over the past 30 days

Neutral
Seeking Alpha
7 hours ago
Inflation Isn't Dead Yet
US equity markets flirted with fresh record-highs this week while benchmark interest rates hovered around two-month lows as investors weighed positive earnings news against uncomfortable hot inflation data. Complicating the policy outlook for the Federal Reserve, CPI data showed the fastest monthly rise in consumer prices since August, prompting a pledge from Powell for "more work to do." Snapping a two-week losing streak, the S&P 500 rebounded by 1.5%, closing fractionally below its prior record-high set in late January. The tech-heavy Nasdaq 100 rallied nearly 3%.
Inflation Isn't Dead Yet
Neutral
Seeking Alpha
1 day ago
Elme Communities (ELME) Q4 2024 Earnings Call Transcript
Elme Communities (NYSE:ELME ) Q4 2024 Earnings Conference Call February 14, 2025 10:00 AM ET Company Participants Amy Hopkins - VP, IR Paul McDermott - CEO Tiffany Butcher - COO Steve Freishtat - CFO Grant Montgomery - Head, Research Conference Call Participants Anthony Paolone - JPMorgan Jamie Feldman - Wells Fargo John Pawlowski - Green Street Cole Bardawill - Wolfe Research Operator Good day, and welcome to the Elme Communities Fourth Quarter 2024 Earnings Conference Call. As a reminder, today's call is being recorded.
Elme Communities (ELME) Q4 2024 Earnings Call Transcript
Negative
Zacks Investment Research
2 days ago
Elme (ELME) Misses Q4 FFO Estimates
Elme (ELME) came out with quarterly funds from operations (FFO) of $0.23 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to FFO of $0.24 per share a year ago.
Elme (ELME) Misses Q4 FFO Estimates
Neutral
GlobeNewsWire
2 days ago
Elme Communities Announces Fourth Quarter and Full Year 2024 Results
Board of Trustees Initiates Review of Strategic Alternatives to Maximize Shareholder Value Board of Trustees Initiates Review of Strategic Alternatives to Maximize Shareholder Value
Elme Communities Announces Fourth Quarter and Full Year 2024 Results
Neutral
GlobeNewsWire
3 weeks ago
Elme Communities to Release Fourth Quarter 2024 Results on Thursday, February 13th
BETHESDA, Md., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Elme Communities (“Elme”) (NYSE:ELME), a value-oriented multifamily owner and operator, will release fourth quarter earnings results after market close on Thursday, February 13, 2025. A conference call to discuss these results will be conducted on Friday, February 14, 2025, at 10:00 am ET. There will also be a webcast presentation with slides. Conference call and webcast access information is as follows:
Elme Communities to Release Fourth Quarter 2024 Results on Thursday, February 13th
Neutral
GlobeNewsWire
3 weeks ago
Elme Communities Announces Income Tax Treatment of Its 2024 Dividend Distribution
BETHESDA, Md., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Elme Communities (NYSE:ELME) announced the income tax treatment of its 2024 dividend distributions. This information represents final income allocations. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Elme Communities dividend distributions. Beginning in 2018, Ordinary Taxable Income Per Share is equal to the 199A dividend that was created by the 2017 Tax Cuts and Jobs Act.
Elme Communities Announces Income Tax Treatment of Its 2024 Dividend Distribution
Neutral
Seeking Alpha
1 month ago
Sector Spotlight: Multifamily REITs - They Survived Until 2025!
COVID-19 led to a migration to Sunbelt cities, causing a surge in apartment rents and subsequent overbuilding, which is now stabilizing. Multifamily REITs saw a decline in valuations but are now modestly valued with a P/AFFO multiple averaging 18.3x, higher than the broader REIT market. Despite suppressed rent growth and occupancy, strong job markets and reduced new supply suggest the potential for landlords to regain pricing power.
Sector Spotlight: Multifamily REITs - They Survived Until 2025!
Positive
Seeking Alpha
2 months ago
Elme Communities: Shares Valued Fairly As DC Metro Market Tops Expectations
ELME Communities owns and operates value-add multifamily properties in the DC metro and Atlanta metro regions of the U.S. The REIT has benefitted from strong operating strength in the DC metro, a market that has been one of the best performing nationally in 2024. The market has benefitted from a combination of low supply growth and robust market wage growth.
Elme Communities: Shares Valued Fairly As DC Metro Market Tops Expectations
Neutral
Seeking Alpha
3 months ago
Elme Communities (ELME) Q3 2024 Earnings Call Transcript
Elme Communities (NYSE:ELME ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Amy Hopkins - VP, IR Paul McDermott - CEO Tiffany Butcher - COO Steve Freishtat - CFO Grant Montgomery - Head, Research Conference Call Participants Nahom Tesfazghi - JPMorgan Jamie Feldman - Wells Fargo Ann Chan - Green Street Cole Bardawill - Wolfe Research Michael Gorman - BTIG Operator Welcome to the Elme Communities Third Quarter 2024 Earnings Conference Call. As a reminder, today's call is being recorded.
Elme Communities (ELME) Q3 2024 Earnings Call Transcript
Negative
Zacks Investment Research
3 months ago
Elme (ELME) Misses Q3 FFO Estimates
Elme (ELME) came out with quarterly funds from operations (FFO) of $0.23 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to FFO of $0.24 per share a year ago.
Elme (ELME) Misses Q3 FFO Estimates
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