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The price of Elme Communities (NYSE: ELME) closed at $17.08 in the last session, down -0.58% from day before closing price of $17.18. In other words, the price has decreased by -$0.58 from its previous closing price. On the day, 0.69 million shares were traded. ELME stock price reached its highest trading level at $17.22 during the session, while it also had its lowest trading level at $16.87.
Ratios:
We take a closer look at ELME’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 174.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.56. In the meantime, Its Debt-to-Equity ratio is 0.65 whereas as Long-Term Debt/Eq ratio is at 0.65.
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 1503540352 and an Enterprise Value of 2197543424. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.21 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 9.083 whereas that against EBITDA is 18.404.
Stock Price History:
The Beta on a monthly basis for ELME is 0.87, which has changed by 0.24037766 over the last 52 weeks, in comparison to a change of 0.08275449 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 $12.56. The 50-Day Moving Average of the stock is 6.75%, while the 200-Day Moving Average is calculated to be 4.40%.
Shares Statistics:
According to the various share statistics, ELME traded on average about 678.52K shares per day over the past 3-months and 671050 shares per day over the past 10 days. A total of 88.03M shares are outstanding, with a floating share count of 86.84M. Insiders hold about 1.35% of the company’s shares, while institutions hold 92.30% stake in the company. Shares short for ELME as of 1740700800 were 2401271 with a Short Ratio of 3.54, compared to 1738281600 on 2590856. Therefore, it implies a Short% of Shares Outstanding of 2401271 and a Short% of Float of 4.3.
Dividends & Splits
The forward annual dividend rate for ELME is 0.90, which was 0.72 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.042352945The stock’s 5-year Average Dividend Yield is 4.56.
