Elme Communities (ELME) Expected to Announce Earnings on Thursday

Elme Communities (NYSE:ELME) is anticipated to announce its earnings results after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $60.50 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Elme Communities Stock Up 0.1 %

Elme Communities stock opened at $15.58 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.55 and a current ratio of 0.55. The company has a 50-day moving average price of $15.31 and a 200 day moving average price of $16.50. Elme Communities has a 12-month low of $12.74 and a 12-month high of $18.49.

Wall Street Analysts Forecast Growth

ELME has been the topic of several analyst reports. Wolfe Research initiated coverage on shares of Elme Communities in a research report on Monday, October 21st. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. lowered Elme Communities from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $19.00 to $18.00 in a research note on Tuesday, December 17th. Finally, Truist Financial raised Elme Communities from a “hold” rating to a “buy” rating in a research report on Friday, January 17th.

About Elme Communities

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.