Metric Analysis: Elme Communities (ELME)’s Key Ratios in the Limelight

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In the latest session, Elme Communities (NYSE: ELME) closed at $14.87 down -3.13% from its previous closing price of $15.35. In other words, the price has decreased by -$3.13 from its previous closing price. On the day, 0.69 million shares were traded. ELME stock price reached its highest trading level at $15.32 during the session, while it also had its lowest trading level at $14.83.

Ratios:

For a deeper understanding of Elme Communities’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 181.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.63. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.63.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on December 17, 2024, Downgraded its rating to Neutral and sets its target price to $18 from $19 previously.

JP Morgan Upgraded its Neutral to Overweight on December 18, 2023, whereas the target price for the stock was revised from $16 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 1308713216 and an Enterprise Value of 1993410816. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.46 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 8.322 whereas that against EBITDA is 16.643.

Stock Price History:

Over the past 52 weeks, ELME has reached a high of $18.49, while it has fallen to a 52-week low of $12.74. The 50-Day Moving Average of the stock is -10.87%, while the 200-Day Moving Average is calculated to be -7.55%.

Shares Statistics:

For the past three months, ELME has traded an average of 534.28K shares per day and 584800 over the past ten days. A total of 88.01M shares are outstanding, with a floating share count of 86.96M. Insiders hold about 1.19% of the company’s shares, while institutions hold 88.84% stake in the company. Shares short for ELME as of 1732838400 were 2394490 with a Short Ratio of 4.48, compared to 1730332800 on 1584147. Therefore, it implies a Short% of Shares Outstanding of 2394490 and a Short% of Float of 4.29.

Dividends & Splits

According to the company, the forward annual dividend rate for ELME is 0.90, from 0.72 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0474621The stock’s 5-year Average Dividend Yield is 4.54.

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