(ELME) Elme Communities - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US9396531017

ELME: Residential Apartments, Office Properties, Real Estate, Investment

Elme Communities, a Maryland-based real estate investment trust (REIT), operates as a self-administered equity REIT under Sections 856-860 of the Internal Revenue Code of 1986. Formerly known as Washington Real Estate Investment Trust, the company has a legacy dating back to 1960. Its primary focus is on owning and managing apartment communities, with a geographic concentration in the Washington, D.C. metro area and the Sunbelt region. As of December 31, 2024, the portfolio comprised 28 apartment communities and one office property, reflecting a strategic shift in asset composition. The companys transition to the Elme Communities name underscores its repositioning in the multifamily residential sector, emphasizing a modern approach to housing and community development.

From a technical perspective, ELME stock has shown mixed trends, with the 20-day SMA at 15.44 slightly below the last price of 15.91, while the 50-day and 200-day SMAs at 16.43 and 16.22, respectively, suggest longer-term support. The ATR of 0.48 indicates moderate price volatility. Fundamentally, the companys market cap of $1.3788 billion reflects its scale, while the P/B ratio of 1.27 points to a valuation aligned with book value. However, the negative return on equity (-1.21) and the absence of P/E ratios raise questions about profitability. The P/S ratio of 5.70 highlights revenue generation relative to market value.

3-Month Forecast: Based on and , ELME is expected to trade sideways with a slight upward bias. Support is likely near the 20-day SMA of 15.44, with resistance at the 50-day SMA of 16.43. The low ATR of 0.48 suggests limited price movement, with a projected range of $15.50 to $17.00 over the next three months. The negative RoE and lack of P/E multiples may weigh on investor sentiment, but the P/B ratio near 1 could attract value-oriented investors.

Additional Sources for ELME Stock

ELME Stock Overview

Market Cap in USD 1,427m
Sector Real Estate
Industry REIT - Residential
GiC Sub-Industry Multi-Family Residential REITs
IPO / Inception 1992-03-17

ELME Stock Ratings

Growth Rating -20.3
Fundamental 20.7
Dividend Rating 28.2
Rel. Strength -6.58
Analysts 3/5
Fair Price Momentum 15.30 USD
Fair Price DCF 20.02 USD

ELME Dividends

Dividend Yield 12m 4.49%
Yield on Cost 5y 4.15%
Annual Growth 5y -9.71%
Payout Consistency 96.2%

ELME Growth Ratios

Growth Correlation 3m -38.2%
Growth Correlation 12m 16.1%
Growth Correlation 5y -63.7%
CAGR 5y -1.62%
CAGR/Max DD 5y -0.03
Sharpe Ratio 12m -0.17
Alpha -1.37
Beta 0.558
Volatility 22.03%
Current Volume 402.3k
Average Volume 20d 616.7k
What is the price of ELME stocks?
As of May 10, 2025, the stock is trading at USD 15.97 with a total of 402,316 shares traded.
Over the past week, the price has changed by -1.36%, over one month by +4.72%, over three months by +3.79% and over the past year by +5.99%.
Is Elme Communities a good stock to buy?
Neither. Based on ValueRay Fundamental Analyses, Elme Communities is currently (May 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 20.71 and therefor a neutral outlook according to the companies health.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of ELME as of May 2025 is 15.30. This means that ELME is currently overvalued and has a potential downside of -4.2%.
Is ELME a buy, sell or hold?
Elme Communities has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold ELME.
  • Strong Buy: 0
  • Buy: 0
  • Hold: 5
  • Sell: 0
  • Strong Sell: 0
What are the forecast for ELME stock price target?
According to ValueRays Forecast Model, ELME Elme Communities will be worth about 16.5 in May 2026. The stock is currently trading at 15.97. This means that the stock has a potential upside of +3.44%.
Issuer Forecast Upside
Wallstreet Target Price 19 19%
Analysts Target Price 17.3 8.5%
ValueRay Target Price 16.5 3.4%