Elme Communities's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is significant.Its valuation is considered fairly valued, ranking 68 out of 188 in the Residential & Commercial REITs industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 18.00.In the medium term, the stock price is expected to trend down.Despite a weak stock market performance over the past month, the company shows strong fundamentals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Media Coverage
The current financial score of Elme Communities is 6.63, ranking 142 out of 188 in the Residential & Commercial REITs industry. Its financial status is stable, and its operating efficiency is average. Its latest quarterly revenue reached 62.10M, representing a year-over-year increase of 1.72%, while its net profit experienced a year-over-year increase of 3955.02%.
Key Metrics
The current valuation score of Elme Communities is 8.32, ranking 48 out of 188 in the Residential & Commercial REITs industry. Its current P/E ratio is -1.32, which is -0.49% below the recent high of -1.31 and -8649.17% above the recent low of -115.24.
The current earnings forecast score of Elme Communities is 6.00, ranking 150 out of 188 in the Residential & Commercial REITs industry. The average price target is 18.00, with a high of 18.00 and a low of 2.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The current price momentum score of Elme Communities is 5.37, ranking 179 out of 188 in the Residential & Commercial REITs industry. Currently, the stock price is trading between the resistance level at 2.16 and the support level at 1.93, making it suitable for range-bound swing trading.
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The current institutional shareholding score of Elme Communities is 10.00, ranking 1 out of 188 in the Residential & Commercial REITs industry. The latest institutional shareholding proportion is 103.13%, representing a quarter-over-quarter decrease of 0.60%. The largest institutional shareholder is The Vanguard, holding a total of 6.27M shares, representing 7.05% of shares outstanding, with 54.51% decrease in holdings.
The U.S. Dollar Index is currently in a neutral state, which has a neutral effect on the Residential & Commercial REITs domestic-focused industry. The Dollar Index (DXY) measures the value of the U.S. dollar against a basket of major currencies, including the euro, yen, pound sterling, Canadian dollar, Swedish krona, and Swiss franc. The current risk assessment score of Elme Communities is 9.95, ranking 1 out of 188 in the Residential & Commercial REITs industry. The company's beta value is 0.79. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets. with an industry-leading ESG disclosure.
