Elme Communities (NYSE:ELME – Get Rating) shares dropped 0.3% on Wednesday . The company traded as low as $18.78 and last traded at $19.15. Approximately 417,706 shares changed hands during trading, an increase of 15% from the average daily volume of 364,462 shares. The stock had previously closed at $19.20.
Wall Street Analyst Weigh In
ELME has been the topic of a number of recent research reports. Truist Financial decreased their price target on shares of Elme Communities from $22.00 to $19.00 and set a "hold" rating on the stock in a research note on Tuesday, November 29th. Wells Fargo & Company decreased their price target on shares of Elme Communities to $18.00 in a research note on Wednesday, December 14th. Finally, BTIG Research downgraded shares of Elme Communities from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 11th.
Get Elme Communities alerts:Elme Communities Price Performance
The firm has a 50-day simple moving average of $18.57. The company has a market cap of $1.68 billion, a P/E ratio of -49.10 and a beta of 0.90. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.42.
Elme Communities Company Profile
(Get Rating)Elme Communities engages in the ownership and operation of income-producing real estate properties. It operates through the following segments: Office and Multifamily. The Office segment provides office space for various types of businesses and professions. The Multifamily segment provides rental housing for individuals and families throughout the Washington metro region.
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