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As of close of business last night, Elme Communities’s stock clocked out at $17.03, down -0.47% from its previous closing price of $17.11. In other words, the price has decreased by -$0.47 from its previous closing price. On the day, 0.52 million shares were traded. ELME stock price reached its highest trading level at $17.24 during the session, while it also had its lowest trading level at $16.985.
Ratios:
To gain a deeper understanding of ELME’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 211.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.62. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 0.87. In the meantime, Its Debt-to-Equity ratio is 0.67 whereas as Long-Term Debt/Eq ratio is at 0.67.
On December 17, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $19 to $18.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ELME now has a Market Capitalization of 1508435712 and an Enterprise Value of 2195559936. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.11 while its Price-to-Book (P/B) ratio in mrq is 1.44. Its current Enterprise Value per Revenue stands at 8.928 whereas that against EBITDA is 18.649.
Stock Price History:
The Beta on a monthly basis for ELME is 1.04, which has changed by -0.035673857 over the last 52 weeks, in comparison to a change of 0.15109766 over the same period for the S&P500. Over the past 52 weeks, ELME has reached a high of $18.33, while it has fallen to a 52-week low of $13.95. The 50-Day Moving Average of the stock is 4.79%, while the 200-Day Moving Average is calculated to be 5.76%.
Shares Statistics:
It appears that ELME traded 913.61K shares on average per day over the past three months and 1003220 shares per day over the past ten days. A total of 88.16M shares are outstanding, with a floating share count of 86.94M. Insiders hold about 1.38% of the company’s shares, while institutions hold 93.07% stake in the company. Shares short for ELME as of 1755216000 were 2184529 with a Short Ratio of 2.39, compared to 1752537600 on 2099126. Therefore, it implies a Short% of Shares Outstanding of 2184529 and a Short% of Float of 3.9100002000000003.
Dividends & Splits
With its trailing 12-month dividend rate of 0.72, ELME has a forward annual dividend rate of 0.56. Against a Trailing Annual Dividend Yield of 0.042080656The stock’s 5-year Average Dividend Yield is 4.49.
