Elme Communities (ELME) Expected to Announce Quarterly Earnings on Thursday

Elme Communities (NYSE:ELME) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Thursday, May 1st. Analysts expect the company to announce earnings of $0.23 per share and revenue of $61.31 million for the quarter. Elme Communities has set its FY 2025 guidance at 0.910-0.970 EPS.

Elme Communities (NYSE:ELME) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.26. Elme Communities had a negative net margin of 5.42% and a negative return on equity of 1.18%. On average, analysts expect Elme Communities to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Elme Communities Stock Performance

Shares of NYSE:ELME opened at $15.41 on Wednesday. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -110.07 and a beta of 0.84. Elme Communities has a 52 week low of $13.95 and a 52 week high of $18.49. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $16.44 and a 200 day moving average of $16.15.

Elme Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend was Wednesday, March 19th. Elme Communities’s dividend payout ratio (DPR) is -514.29%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Truist Financial raised shares of Elme Communities from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Wells Fargo & Company upped their price target on Elme Communities from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th.

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.