Is Elme Communities Stock a Good Investment?
Elme Communities Investment Advice | ELME |
- Examine Elme Communities' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Elme Communities' leadership team and their track record. Good management can help Elme Communities navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Multi-Family Residential REITs space and any emerging trends that could impact Elme Communities' business and its evolving consumer preferences.
- Compare Elme Communities' performance and market position to its competitors. Analyze how Elme Communities is positioned in terms of product offerings, innovation, and market share.
- Check if Elme Communities pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Elme Communities' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Elme Communities stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Elme Communities is a good investment.
Sell | Buy |
Strong Buy
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Above Average | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Elme Communities Stock
Researching Elme Communities' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 89.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 1.41. Some equities with similar Price to Book (P/B) outperform the market in the long run. Elme Communities recorded a loss per share of 0.16. The entity last dividend was issued on the 19th of December 2024. The firm had 3:2 split on the 1st of June 1992.
To determine if Elme Communities is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Elme Communities' research are outlined below:
| Elme Communities has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 227.91 M. Net Loss for the year was (52.98 M) with profit before overhead, payroll, taxes, and interest of 127.94 M. | |
| Over 89.0% of the company shares are held by institutions such as insurance companies | |
| On 3rd of October 2024 Elme Communities paid $ 0.18 per share dividend to its current shareholders | |
| Latest headline from insidermonkey.com: Elme Communities Q3 2024 Earnings Call Transcript |
Elme Communities Quarterly Accounts Payable |
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Elme Communities uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Elme Communities. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Elme Communities' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 15th of February 2024 Upcoming Quarterly Report | View | |
| 25th of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Elme Communities' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Elme Communities' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-05-01 | 2024-03-31 | -0.03 | -0.04 | -0.01 | 33 | ||
2020-10-29 | 2020-09-30 | -0.02 | -0.01 | 0.01 | 50 | ||
2019-02-14 | 2018-12-31 | 0.08 | 0.07 | -0.01 | 12 | ||
2018-04-25 | 2018-03-31 | 0.07 | 0.06 | -0.01 | 14 | ||
2017-10-26 | 2017-09-30 | 0.09 | 0.1 | 0.01 | 11 | ||
2015-07-23 | 2015-06-30 | 0.06 | 0.05 | -0.01 | 16 | ||
2014-10-23 | 2014-09-30 | 0.04 | 0.05 | 0.01 | 25 | ||
2014-07-24 | 2014-06-30 | 0.01 | 0.02 | 0.01 | 100 |
Know Elme Communities' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Elme Communities is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Elme Communities backward and forwards among themselves. Elme Communities' institutional investor refers to the entity that pools money to purchase Elme Communities' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Nuveen Asset Management, Llc | 2024-06-30 | 1.5 M | Cbre Investment Management Listed Real Assets Llc | 2024-06-30 | 1.4 M | Dimensional Fund Advisors, Inc. | 2024-06-30 | 1.3 M | Renaissance Technologies Corp | 2024-06-30 | 1 M | Northern Trust Corp | 2024-06-30 | 986.8 K | Bank Of New York Mellon Corp | 2024-06-30 | 811.4 K | Legal & General Group Plc | 2024-06-30 | 760.1 K | Balyasny Asset Management Llc | 2024-06-30 | 744.5 K | Amvescap Plc. | 2024-06-30 | 648.8 K | Blackrock Inc | 2024-06-30 | 16.8 M | Vanguard Group Inc | 2024-06-30 | 13.9 M |
Elme Communities' market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.55 B.Market Cap |
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Elme Communities' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.01) | (0.01) | |
| Return On Capital Employed | 0.01 | 0.01 | |
| Return On Assets | (0.03) | (0.03) | |
| Return On Equity | (0.05) | (0.04) |
Determining Elme Communities' profitability involves analyzing its financial statements and using various financial metrics to determine if Elme Communities is a good buy. For example, gross profit margin measures Elme Communities' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Elme Communities' profitability and make more informed investment decisions.
Please note, the presentation of Elme Communities' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Elme Communities' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Elme Communities' management manipulating its earnings.
Evaluate Elme Communities' management efficiency
The current year's Return On Tangible Assets is expected to grow to -0.01. In addition to that, Return On Capital Employed is expected to decline to 0.01. At present, Elme Communities' Non Currrent Assets Other are projected to decrease significantly based on the last few years of reporting. The current year's Fixed Asset Turnover is expected to grow to 0.22, whereas Non Current Assets Total are forecasted to decline to about 1.4 B. Elme Communities' management efficiency ratios could be used to measure how well Elme Communities manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 13.16 | 7.74 | |
| Tangible Book Value Per Share | 34.81 | 36.55 | |
| Enterprise Value Over EBITDA | 18.11 | 11.21 | |
| Price Book Value Ratio | 1.11 | 1.05 | |
| Enterprise Value Multiple | 18.11 | 11.21 | |
| Price Fair Value | 1.11 | 1.05 | |
| Enterprise Value | 809.6 M | 850.1 M |
Elme Communities has shown resilience through effective management strategies. Our analysis examines how these strategies influence financial outcomes and investor returns which helps in understanding the stock's long-term potential.
Dividend Yield 0.0408 | Forward Dividend Yield 0.0408 | Forward Dividend Rate 0.72 | Beta 0.909 |
Basic technical analysis of Elme Stock
As of the 11th of November 2024, Elme Communities shows the Coefficient Of Variation of 1259.04, mean deviation of 0.7925, and Downside Deviation of 0.9839. Elme Communities technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Elme Communities maximum drawdown, and the relationship between the information ratio and downside variance to decide if Elme Communities is priced favorably, providing market reflects its regular price of 17.56 per share. Given that Elme Communities has jensen alpha of 0.0083, we urge you to verify Elme Communities's prevailing market performance to make sure the company can sustain itself at a future point.Elme Communities' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Elme Communities insiders, such as employees or executives, is commonly permitted as long as it does not rely on Elme Communities' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Elme Communities insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Banner Jennifer S over a month ago Acquisition by Banner Jennifer S of 781 shares of Elme Communities subject to Rule 16b-3 | ||
Tiffany Butcher over three months ago Disposition of 674 shares by Tiffany Butcher of Elme Communities at 15.53 subject to Rule 16b-3 | ||
Banner Jennifer S over three months ago Acquisition by Banner Jennifer S of 863 shares of Elme Communities subject to Rule 16b-3 | ||
Wade Hammond over six months ago Acquisition by Wade Hammond of 8618 shares of Elme Communities subject to Rule 16b-3 | ||
Stephen Riffee over a year ago Acquisition by Stephen Riffee of 16925 shares of Elme Communities subject to Rule 16b-3 | ||
Winns Anthony L over a year ago Acquisition by Winns Anthony L of 3084 shares of Elme Communities subject to Rule 16b-3 | ||
Stephen Riffee over a year ago Acquisition by Stephen Riffee of 1096 shares of Elme Communities subject to Rule 16b-3 |
Elme Communities' Outstanding Corporate Bonds
Elme Communities issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Elme Communities uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Elme bonds can be classified according to their maturity, which is the date when Elme Communities has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Understand Elme Communities' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Elme Communities' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0633 | |||
| Market Risk Adjusted Performance | 0.1872 | |||
| Mean Deviation | 0.7925 | |||
| Semi Deviation | 0.8628 | |||
| Downside Deviation | 0.9839 | |||
| Coefficient Of Variation | 1259.04 | |||
| Standard Deviation | 1.1 | |||
| Variance | 1.2 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | 0.0083 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.1772 | |||
| Maximum Drawdown | 5.31 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 2.31 | |||
| Downside Variance | 0.9681 | |||
| Semi Variance | 0.7444 | |||
| Expected Short fall | (0.93) | |||
| Skewness | 0.3762 | |||
| Kurtosis | 0.7256 |
| Risk Adjusted Performance | 0.0633 | |||
| Market Risk Adjusted Performance | 0.1872 | |||
| Mean Deviation | 0.7925 | |||
| Semi Deviation | 0.8628 | |||
| Downside Deviation | 0.9839 | |||
| Coefficient Of Variation | 1259.04 | |||
| Standard Deviation | 1.1 | |||
| Variance | 1.2 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | 0.0083 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.1772 | |||
| Maximum Drawdown | 5.31 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 2.31 | |||
| Downside Variance | 0.9681 | |||
| Semi Variance | 0.7444 | |||
| Expected Short fall | (0.93) | |||
| Skewness | 0.3762 | |||
| Kurtosis | 0.7256 |
Consider Elme Communities' intraday indicators
Elme Communities intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Elme Communities stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 7906.34 | |||
| Daily Balance Of Power | (0.26) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 17.7 | |||
| Day Typical Price | 17.65 | |||
| Price Action Indicator | (0.19) | |||
| Period Momentum Indicator | (0.10) | |||
| Relative Strength Index | 53.16 |
Elme Communities Corporate Filings
10Q | 5th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 4th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 1st of October 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 30th of May 2024 Other Reports | ViewVerify |
Elme Stock media impact
Far too much social signal, news, headlines, and media speculation about Elme Communities that are available to investors today. That information is available publicly through Elme media outlets and privately through word of mouth or via Elme internal channels. However, regardless of the origin, that massive amount of Elme data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Elme Communities news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Elme Communities relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Elme Communities' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Elme Communities alpha.
Elme Communities Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Elme Communities can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Elme Communities Corporate Management
| Efrem Reid | Vice Resources | Profile | |
| Wade Hammond | Chief VP | Profile | |
| Amy Hopkins | Vice Relations | Profile | |
| Anthony Chang | VP Management | Profile | |
| Grant Montgomery | Vice Research | Profile | |
| Daniel Chappell | Vice Investments | Profile |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Elme Communities. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. For information on how to trade Elme Stock refer to our How to Trade Elme Stock guide.You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Is Multi-Family Residential REITs space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Elme Communities. If investors know Elme will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Elme Communities listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Dividend Share 0.72 | Earnings Share (0.16) | Revenue Per Share 2.726 | Quarterly Revenue Growth 0.078 | Return On Assets 0.0078 |
The market value of Elme Communities is measured differently than its book value, which is the value of Elme that is recorded on the company's balance sheet. Investors also form their own opinion of Elme Communities' value that differs from its market value or its book value, called intrinsic value, which is Elme Communities' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Elme Communities' market value can be influenced by many factors that don't directly affect Elme Communities' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Elme Communities' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Elme Communities is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elme Communities' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.