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Elme Communities - ELME Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $16.00
  • Forecasted Upside: -5.44%
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$16.92 As of 07/26/2024 01:00 AM ET
▲ +0.38 (2.30%)

This chart shows the closing price for ELME by one month, three months, or twelve months.

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Analyst Price Target for ELME

Analyst Price Target is $16.00
▼ -5.44% Downside Potential
This price target is based on 3 analysts offering 12 month price targets for Elme Communities in the last 3 months. The average price target is $16.00, with a high forecast of $18.00 and a low forecast of $14.00. The average price target represents a -5.44% upside from the last price of $16.92.

This chart shows the closing price for ELME for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 3 polled investment analysts is to hold stock in Elme Communities. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
2/3/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
5/4/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
8/2/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
10/31/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
1/29/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
4/28/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/27/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
7/27/2024

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/15/2024Truist FinancialBoost TargetHold ➝ Hold$15.00 ➝ $16.00Low
12/18/2023JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$16.00 ➝ $18.00Low
11/9/2023Wells Fargo & CompanyLower TargetEqual Weight ➝ Equal Weight$15.50 ➝ $14.00Low
9/12/2023Wells Fargo & CompanyLower TargetEqual Weight ➝ Equal Weight$18.00 ➝ $15.00Low
6/28/2023Truist FinancialLower Target$19.00 ➝ $18.00Low
2/21/2023Truist FinancialBoost TargetHold$18.00 ➝ $19.00Low
1/11/2023BTIG ResearchDowngradeBuy ➝ NeutralLow
12/14/2022Wells Fargo & CompanyLower Target$18.00Low
11/29/2022Truist FinancialLower TargetHold$22.00 ➝ $19.00Low
11/22/2022Wells Fargo & CompanyBoost TargetEqual Weight$17.00 ➝ $19.00Low
(Data available from 7/27/2019 forward)

News Sentiment Rating

0.77 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 5 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/30/2023
  • 3 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/29/2024
  • 9 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
2/28/2024
  • 6 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/29/2024
  • 3 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
4/28/2024
  • 5 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/28/2024
  • 5 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/27/2024
  • 5 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/27/2024

Current Sentiment

  • 5 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Elme Communities logo
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. Focused on providing quality, affordable homes to a deep, solid, and underserved base of mid-market demand, Elme Communities is building long-term value for shareholders.
Read More

Today's Range

Now: $16.92
Low: $16.53
High: $16.98

50 Day Range

MA: $15.69
Low: $15.07
High: $16.78

52 Week Range

Now: $16.92
Low: $12.44
High: $16.98

Volume

469,370 shs

Average Volume

638,168 shs

Market Capitalization

$1.49 billion

P/E Ratio

N/A

Dividend Yield

4.29%

Beta

0.89

Frequently Asked Questions

What sell-side analysts currently cover shares of Elme Communities?

The following Wall Street analysts have issued reports on Elme Communities in the last twelve months: JPMorgan Chase & Co., Truist Financial Co., and Wells Fargo & Company.
View the latest analyst ratings for ELME.

What is the current price target for Elme Communities?

3 Wall Street analysts have set twelve-month price targets for Elme Communities in the last year. Their average twelve-month price target is $16.00, suggesting a possible downside of 5.4%. JPMorgan Chase & Co. has the highest price target set, predicting ELME will reach $18.00 in the next twelve months. Wells Fargo & Company has the lowest price target set, forecasting a price of $14.00 for Elme Communities in the next year.
View the latest price targets for ELME.

What is the current consensus analyst rating for Elme Communities?

Elme Communities currently has 2 hold ratings and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in ELME, but not buy more shares or sell existing shares.
View the latest ratings for ELME.

What other companies compete with Elme Communities?

Other companies that are similar to Elme Communities include StepStone Group, Essential Properties Realty Trust, Freedom, Piper Sandler Companies and Independence Realty Trust. Learn More about companies similar to Elme Communities.

How do I contact Elme Communities' investor relations team?

Elme Communities' physical mailing address is 1775 EYE STREET NW SUITE 1000, WASHINGTON DC, 20006. The company's listed phone number is (202) 774-3200 and its investor relations email address is [email protected]. The official website for Elme Communities is www.elmecommunities.com. Learn More about contacing Elme Communities investor relations.