Elme Communities (ELME) to Release Earnings on Thursday

Elme Communities (NYSE:ELME) is expected to be posting its quarterly earnings results after the market closes on Thursday, February 13th. Analysts expect Elme Communities to post earnings of ($0.03) per share and revenue of $60.50 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Elme Communities Stock Down 0.2 %

ELME opened at $15.52 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.55 and a quick ratio of 0.55. Elme Communities has a 12 month low of $12.74 and a 12 month high of $18.49. The stock has a market capitalization of $1.37 billion, a P/E ratio of -103.46 and a beta of 0.91. The business has a 50 day simple moving average of $15.29 and a 200-day simple moving average of $16.49.

Wall Street Analyst Weigh In

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

Elme Communities Company Profile

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.