Elme Communities Stock Today
| ELME Stock | USD 16.84 0.10 0.59% |
Performance9 of 100
| Odds Of DistressOver 53
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Elme Communities is trading at 16.84 as of the 9th of October 2024, a 0.59 percent down since the beginning of the trading day. The stock's lowest day price was 16.71. Elme Communities has 53 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Elme Communities are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 11th of July 2024 and ending today, the 9th of October 2024. Click here to learn more.
Business Domain Equity Real Estate Investment Trusts (REITs) | IPO Date 17th of March 1992 | Category Real Estate |
Elme Communities owns and operates uniquely positioned real estate assets in the Washington Metro area. With a track record of driving returns and delivering satisfaction, we are a trusted authority in one of the nations most competitive real estate markets. The company has 88.01 M outstanding shares of which 1.47 M shares are currently shorted by private and institutional investors with about 3.54 trading days to cover. More on Elme Communities
Moving together with Elme Stock
| 0.93 | O | Realty Income Sell-off Trend | PairCorr |
| 0.9 | FR | First Industrial Realty Earnings Call This Week | PairCorr |
| 0.85 | HR | Healthcare Realty Trust | PairCorr |
Moving against Elme Stock
Follow Valuation Profit Patterns Odds of Bankruptcy
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Elme Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| President Board | Paul McDermott | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Multi-Family Residential REITs, Equity Real Estate Investment Trusts (REITs), Real Estate, NYSE Composite, SP Small-Cap 600, Real Estate, Residential REITs, REIT—Office, Real Estate (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsElme Communities can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Elme Communities' financial leverage. It provides some insight into what part of Elme Communities' total assets is financed by creditors.
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Elme Communities (ELME) is traded on New York Stock Exchange in USA. It is located in 7550 Wisconsin Avenue, Bethesda, MD, United States, 20814 and employs 243 people. Elme Communities is listed under Multi-Family Residential REITs category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.48 B. Elme Communities conducts business under Residential REITs sector and is part of Real Estate industry. The entity has 88.01 M outstanding shares of which 1.47 M shares are currently shorted by private and institutional investors with about 3.54 trading days to cover.
Elme Communities currently holds about 8.44 M in cash with 84.67 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.1.
Check Elme Communities Probability Of Bankruptcy
Ownership AllocationElme Communities holds a total of 88.01 Million outstanding shares. The majority of Elme Communities outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Elme Communities to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Elme Communities. Please pay attention to any change in the institutional holdings of Elme Communities as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Elme Ownership Details
Elme Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| 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 | |
| Morgan Stanley - Brokerage Accounts | 2024-06-30 | 832.3 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 Historical Income Statement
Elme Stock Against Markets
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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
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 (0.62) | Revenue Per Share 2.677 | Quarterly Revenue Growth 0.062 | Return On Assets 0.0079 |
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.
Please note, there is a significant difference between Elme Communities' value and its price as these two are different measures arrived at by different 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.