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.
Get Elme Communities alerts: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
The business also recently declared a quarterly dividend, which was paid on Thursday, January 5th. Investors of record on Thursday, December 22nd were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend was Wednesday, December 21st. Elme Communities's dividend payout ratio (DPR) is -174.36%.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
- Get a free copy of the StockNews.com research report on Elme Communities (ELME)
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