BTIG Research cut shares of Elme Communities (NYSE:ELME – Get Rating) from a buy rating to a neutral rating in a research note issued to investors on Wednesday, MarketBeat.com reports.

A number of other research analysts also recently commented on ELME. Truist Financial reduced their target price on Elme Communities from $22.00 to $19.00 and set a hold rating on the stock in a report on Tuesday, November 29th. Wells Fargo & Company cut their price target on Elme Communities to $18.00 in a report on Wednesday, December 14th.

Elme Communities Stock Up 1.8 %

NYSE:ELME opened at $18.37 on Wednesday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.42. The business's 50 day moving average price is $18.67. Elme Communities has a 52 week low of $16.14 and a 52 week high of $26.43. The company has a market cap of $1.61 billion, a P/E ratio of -47.10 and a beta of 0.90.

Elme Communities Announces Dividend

Elme Communities Company Profile

(Get Rating)

Elme Communities owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 29, 2020, the Company's portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multifamily apartment units.

Further Reading

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