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After finishing at $16.16 in the prior trading day, Elme Communities (NYSE: ELME) closed at $16.13, down -0.19%. In other words, the price has decreased by -$0.19 from its previous closing price. On the day, 0.63 million shares were traded. ELME stock price reached its highest trading level at $16.35 during the session, while it also had its lowest trading level at $15.985.
Ratios:
Our goal is to gain a better understanding of ELME by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 158.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.15. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 0.95. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.66.
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 1421999872 and an Enterprise Value of 2121767168. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.83 while its Price-to-Book (P/B) ratio in mrq is 1.34. Its current Enterprise Value per Revenue stands at 8.699 whereas that against EBITDA is 17.974.
Stock Price History:
The Beta on a monthly basis for ELME is 1.00, which has changed by -0.02478838 over the last 52 weeks, in comparison to a change of 0.17774606 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 0.16%, while the 200-Day Moving Average is calculated to be -0.32%.
Shares Statistics:
The stock has traded on average 613.08K shares per day over the past 3-months and 621720 shares per day over the last 10 days, according to various share statistics. A total of 88.16M shares are outstanding, with a floating share count of 86.64M. Insiders hold about 1.72% of the company’s shares, while institutions hold 90.93% stake in the company. Shares short for ELME as of 1751241600 were 1980486 with a Short Ratio of 3.23, compared to 1748563200 on 1537915. Therefore, it implies a Short% of Shares Outstanding of 1980486 and a Short% of Float of 3.54.
Dividends & Splits
In the trailing 12 months, ELME’s forward annual dividend rate was 0.72, compared to 0.56 this year. Against a Trailing Annual Dividend Yield of 0.044554457The stock’s 5-year Average Dividend Yield is 4.5.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
Revenue Estimates
2 analysts predict $61.63M in revenue for the current quarter. It ranges from a high estimate of $61.81M to a low estimate of $61.45M. As of the current estimate, Elme Communities’s year-ago sales were $60.1MFor the next quarter, 2 analysts are estimating revenue of $62.59M. There is a high estimate of $62.6M for the next quarter, whereas the lowest estimate is $62.57M.
A total of 4 analysts have provided revenue estimates for ELME’s current fiscal year. The highest revenue estimate was $248.8M, while the lowest revenue estimate was $245.29M, resulting in an average revenue estimate of $247.72M. In the same quarter a year ago, actual revenue was $241.94MBased on 3 analysts’ estimates, the company’s revenue will be $250.74M in the next fiscal year. The high estimate is $258.26M and the low estimate is $239.27M.
