Truist Financial analyst Michael Lewis maintained a Hold rating on Elme Communities (ELME – Research Report) today. The company’s shares closed yesterday at $15.17.
Lewis covers the Real Estate sector, focusing on stocks such as Highwoods Properties, AvalonBay, and Mid-America Apartment. According to TipRanks, Lewis has an average return of 6.7% and a 57.23% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Elme Communities with a $15.50 average price target.
The company has a one-year high of $16.55 and a one-year low of $12.12. Currently, Elme Communities has an average volume of 742.9K.
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Elme Communities (ELME) Company Description:
Washington Real Estate Investment Trust 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 Washington metro region. The company was founded by Arthur A. Birney and Benjamin H. Dorsey in 1960 and is headquartered in Washington, DC.
