Elme Communities (ELME) Stock Forecast, Price Target & Predictions


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ELME Stock Forecast


Elme Communities stock forecast is as follows: an average price target of $19.00 (represents a 13.77% upside from ELME’s last price of $16.70) and a rating consensus of 'Hold', based on 3 wall street analysts offering a 1-year stock forecast.

ELME Price Target


The average price target for Elme Communities (ELME) is $19.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $19.00 to $19.00. This represents a potential 13.77% upside from ELME's last price of $16.70.

ELME Analyst Ratings


Hold

According to 3 Wall Street analysts, Elme Communities's rating consensus is 'Hold'. The analyst rating breakdown for ELME stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 3 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Elme Communities Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 29, 2022-Truist Financial$19.00$19.15-0.78%13.77%
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The latest Elme Communities stock forecast, released on Nov 29, 2022 by Truist Financial company, set a price target of $19.00, which represents a -0.78% decrease from the stock price at the time of the forecast ($19.15), and a 13.77% increase from ELME last price ($16.70).

Elme Communities Price Target by Period


1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$16.70$16.70$16.70
Upside/Downside-100.00%-100.00%-100.00%

In the current month, the average price target of Elme Communities stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Elme Communities's last price of $16.70. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 13, 2024Wells FargoEqual-WeightEqual-WeightHold
Jan 11, 2023BTIG-NeutralDowngrade
Apr 26, 2022Zacks Investment Research-HoldUpgrade
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Elme Communities's last stock rating was published by Wells Fargo on Sep 13, 2024. The company gave ELME a "Equal-Weight" rating, the same as its previous rate.

Elme Communities Financial Forecast


Elme Communities Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue--------------$56.60M$55.81M$55.59M$54.60M$51.38M$47.80M$44.75M$42.50M$41.30M$69.63M$71.23M$73.23M$72.87M$76.79M$80.67M$80.26M
Avg Forecast$67.27M$66.03M$65.88M$64.70M$62.60M$62.45M$61.23M$60.63M$60.29M$60.31M$60.22M$58.90M$58.61M$57.17M$56.71M$56.71M$55.87M$53.97M$51.27M$47.70M$45.73M$44.44M$70.40M$69.11M$71.18M$71.46M$73.44M$77.58M$78.28M$78.81M
High Forecast$67.27M$66.03M$65.88M$64.70M$62.60M$62.45M$61.23M$60.63M$60.29M$60.35M$60.22M$59.43M$59.06M$57.68M$56.71M$56.71M$55.87M$53.97M$51.27M$47.70M$45.73M$44.44M$70.40M$69.11M$71.18M$71.46M$73.44M$77.58M$78.28M$78.81M
Low Forecast$67.27M$66.03M$65.88M$64.70M$62.60M$62.45M$61.23M$60.63M$60.29M$60.26M$60.22M$58.36M$58.15M$56.86M$56.71M$56.71M$55.87M$53.97M$51.27M$47.70M$45.73M$44.44M$70.40M$69.11M$71.18M$71.46M$73.44M$77.58M$78.28M$78.81M
# Analysts111111111211254433334444444433
Surprise %--------------1.00%0.98%1.00%1.01%1.00%1.00%0.98%0.96%0.59%1.01%1.00%1.02%0.99%0.99%1.03%1.02%

Elme Communities's average Quarter revenue forecast for Sep 23 based on 5 analysts is $57.17M, with a low forecast of $56.86M, and a high forecast of $57.68M. ELME's average Quarter revenue forecast represents a 1.00% increase compared to the company's last Quarter revenue of $56.60M (Jun 23).

Elme Communities EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111211254433334444444433
EBITDA-------------$-14.30M$25.60M$24.78M$24.87M$24.39M$21.32M$20.13M$18.99M$57.68M$30.72M$38.62M$28.20M$38.23M$32.94M$42.28M$104.80M$384.37M
Avg Forecast$32.41M$31.82M$31.74M$31.18M$30.16M$30.09M$29.50M$29.21M$29.05M$29.06M$29.02M$28.38M$28.24M$27.55M$27.32M$27.33M$26.92M$26.00M$24.70M$22.99M$22.03M$21.41M$33.92M$33.30M$34.30M$34.43M$35.39M$37.38M$37.72M$37.97M
High Forecast$32.41M$31.82M$31.74M$31.18M$30.16M$30.09M$29.50M$29.21M$29.05M$29.08M$29.02M$28.64M$28.46M$27.79M$27.32M$27.33M$26.92M$26.00M$24.70M$22.99M$22.03M$21.41M$33.92M$33.30M$34.30M$34.43M$35.39M$37.38M$37.72M$37.97M
Low Forecast$32.41M$31.82M$31.74M$31.18M$30.16M$30.09M$29.50M$29.21M$29.05M$29.03M$29.02M$28.12M$28.02M$27.40M$27.32M$27.33M$26.92M$26.00M$24.70M$22.99M$22.03M$21.41M$33.92M$33.30M$34.30M$34.43M$35.39M$37.38M$37.72M$37.97M
Surprise %--------------0.52%0.94%0.91%0.92%0.94%0.86%0.88%0.86%2.69%0.91%1.16%0.82%1.11%0.93%1.13%2.78%10.12%

5 analysts predict ELME's average Quarter EBITDA for Sep 23 to be $27.55M, with a high of $27.79M and a low of $27.40M. This is 7.61% upper than Elme Communities's previous annual EBITDA (Jun 23) of $25.60M.

Elme Communities Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111211254433334444444433
Net Income-------------$-43.62M$-2.61M$-3.70M$-9.82M$-22.17M$-15.03M$-13.37M$-12.47M$31.32M$-6.99M$-1.15M$-11.04M$-956.00K$-5.41M$1.72M$54.20M$332.77M
Avg Forecast--------$-2.35M$-2.84M$-2.40M$-2.67M$1.64M$1.82M$577.04K$927.45K$171.77M$111.79M$101.50M$125.58M$-6.79M$-5.52M$-2.71M$-4.73M$-3.14M$-1.48M$86.06K$-8.03M$-5.51M$4.05M
High Forecast--------$-2.35M$-2.84M$-2.40M$-2.67M$1.64M$1.82M$577.04K$927.45K$171.77M$111.79M$101.50M$125.58M$-6.79M$-5.52M$-2.71M$-4.73M$-3.14M$-1.48M$86.06K$-8.03M$-5.51M$4.05M
Low Forecast--------$-2.35M$-2.84M$-2.40M$-2.67M$1.57M$1.82M$577.04K$927.45K$171.77M$111.79M$101.50M$125.58M$-6.79M$-5.52M$-2.71M$-4.73M$-3.14M$-1.48M$86.06K$-8.03M$-5.51M$4.05M
Surprise %--------------23.94%-4.52%-3.99%-0.06%-0.20%-0.15%-0.11%1.84%-5.67%2.58%0.24%3.52%0.65%-62.81%-0.21%-9.83%82.10%

Elme Communities's average Quarter net income forecast for Dec 21 is $-6.79M, with a range of $-6.79M to $-6.79M. ELME's average Quarter net income forecast represents a -121.67% decrease compared to the company's last Quarter net income of $31.32M (Sep 21).

Elme Communities SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111211254433334444444433
SG&A-------------$6.37M$6.68M$6.84M$10.30M$8.80M$9.68M$9.16M$9.54M$8.93M$10.11M$5.60M$5.99M$6.33M$5.30M$6.34M$6.26M$6.46M
Avg Forecast$8.91M$8.75M$8.73M$8.57M$8.30M$8.28M$8.11M$8.03M$7.99M$7.99M$7.98M$7.80M$7.77M$7.58M$7.51M$7.52M$7.40M$7.15M$6.79M$6.32M$6.06M$5.89M$9.33M$9.16M$9.43M$9.47M$9.73M$10.28M$10.37M$10.44M
High Forecast$8.91M$8.75M$8.73M$8.57M$8.30M$8.28M$8.11M$8.03M$7.99M$8.00M$7.98M$7.88M$7.83M$7.64M$7.51M$7.52M$7.40M$7.15M$6.79M$6.32M$6.06M$5.89M$9.33M$9.16M$9.43M$9.47M$9.73M$10.28M$10.37M$10.44M
Low Forecast$8.91M$8.75M$8.73M$8.57M$8.30M$8.28M$8.11M$8.03M$7.99M$7.98M$7.98M$7.73M$7.71M$7.53M$7.51M$7.52M$7.40M$7.15M$6.79M$6.32M$6.06M$5.89M$9.33M$9.16M$9.43M$9.47M$9.73M$10.28M$10.37M$10.44M
Surprise %-------------0.84%0.89%0.91%1.39%1.23%1.42%1.45%1.57%1.52%1.08%0.61%0.63%0.67%0.54%0.62%0.60%0.62%

Elme Communities's average Quarter SG&A projection for Dec 23 is $7.77M, based on 2 Wall Street analysts, with a range of $7.71M to $7.83M. The forecast indicates a 21.92% rise compared to ELME last annual SG&A of $6.37M (Sep 23).

Elme Communities EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts111111111211254433334444444433
EPS-------------$-0.50$-0.03$-0.04$-0.11$-0.25$-0.17$-0.15$-0.15$0.37$-0.08$-0.02$-0.13$-0.01$-0.07$0.02$0.66$4.14
Avg Forecast--------$-0.03$-0.03$-0.03$-0.03$0.02$0.02$0.01$0.01$1.95$1.27$1.15$1.43$-0.08$-0.06$-0.03$-0.05$-0.04$-0.02-$-0.09$-0.06$0.05
High Forecast--------$-0.03$-0.03$-0.03$-0.03$0.02$0.02$0.01$0.01$1.95$1.27$1.15$1.43$-0.08$-0.06$-0.03$-0.05$-0.04$-0.02-$-0.09$-0.06$0.05
Low Forecast--------$-0.03$-0.03$-0.03$-0.03$0.02$0.02$0.01$0.01$1.95$1.27$1.15$1.43$-0.08$-0.06$-0.03$-0.05$-0.04$-0.02-$-0.09$-0.06$0.05
Surprise %--------------24.13%-4.54%-4.00%-0.06%-0.20%-0.15%-0.11%1.94%-5.89%2.59%0.37%3.64%0.59%-71.50%-0.22%-10.53%89.80%

According to 4 Wall Street analysts, Elme Communities's projected average Quarter EPS for Dec 21 is $-0.08, with a low estimate of $-0.08 and a high estimate of $-0.08. This represents a -120.87% decrease compared to ELME previous annual EPS of $0.37 (Sep 21).

Elme Communities Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
SUISun Communities$130.28$194.0048.91%Buy
BRTBRT Apartments$16.28$21.0028.99%Buy
AMHAmerican Homes 4 Rent$35.20$41.8218.81%Buy
ELMEElme Communities$16.70$19.0013.77%Hold
UMHUMH Properties$18.40$20.5011.41%Buy
UDRUDR$42.07$46.219.84%Buy
NXRTNexPoint Residential Trust$41.19$44.678.45%Buy
CSRCenterspace$68.51$72.756.19%Hold
ELSEquity LifeStyle Properties$69.42$73.295.57%Buy
VREVeris Residential$16.48$14.00-15.05%Buy

ELME Forecast FAQ


No, according to 3 Wall Street analysts, Elme Communities (ELME) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of ELME's total ratings.

Elme Communities (ELME) average price target is $19 with a range of $19 to $19, implying a 13.77% from its last price of $16.7. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for ELME stock, the company can go up by 13.77% (from the last price of $16.7 to the average price target of $19), up by 13.77% based on the highest stock price target, and up by 13.77% based on the lowest stock price target.

ELME's average twelve months analyst stock price target of $19 does not support the claim that Elme Communities can reach $30 in the near future.

Elme Communities's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $246.91M (high $246.91M, low $246.91M), average EBITDA is $118.97M (high $118.97M, low $118.97M), average net income is $0 (high $0, low $0), average SG&A $32.72M (high $32.72M, low $32.72M), and average EPS is $0 (high $0, low $0). ELME's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $263.88M (high $263.88M, low $263.88M), average EBITDA is $127.15M (high $127.15M, low $127.15M), average net income is $0 (high $0, low $0), average SG&A $34.97M (high $34.97M, low $34.97M), and average EPS is $0 (high $0, low $0).

Based on Elme Communities's last annual report (Dec 2022), the company's revenue was $209.38M, beating the average analysts forecast of $208.81M by 0.27%. Apple's EBITDA was $90.71M, missing the average prediction of $100.61M by -9.84%. The company's net income was $-60.725M, missing the average estimation of $510.65M by -111.89%. Apple's SG&A was $37.94M, beating the average forecast of $27.67M by 37.13%. Lastly, the company's EPS was $-0.69, missing the average prediction of $5.81 by -111.88%. In terms of the last quarterly report (Jun 2023), Elme Communities's revenue was $56.6M, missing the average analysts' forecast of $56.71M by -0.19%. The company's EBITDA was $25.6M, missing the average prediction of $27.32M by -6.32%. Elme Communities's net income was $-2.611M, missing the average estimation of $577.04K by -552.48%. The company's SG&A was $6.68M, missing the average forecast of $7.51M by -11.11%. Lastly, the company's EPS was $-0.0298, missing the average prediction of $0.00656 by -553.99%