Elme Communities (ELME) Stock Forecast, Price Target & Predictions
ELME Stock Forecast
Elme Communities stock forecast is as follows: an average price target of $19.00 (represents a 4.74% upside from ELME’s last price of $18.14) 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 4.74% upside from ELME's last price of $18.14.
ELME Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 29, 2022 | - | Truist Financial | $19.00 | $19.15 | -0.78% | 4.74% |
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 4.74% increase from ELME last price ($18.14).
Elme Communities Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $18.14 | $18.14 | $18.14 |
| 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 $18.14. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 13, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Jan 11, 2023 | BTIG | - | Neutral | Downgrade |
| Apr 26, 2022 | Zacks Investment Research | - | Hold | Upgrade |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $56.60M | $55.81M | $55.59M | $54.60M | - | $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 | $62.70M | $62.55M | $61.33M | $60.73M | $60.33M | $60.34M | $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 | $67.40M | $66.16M | $66.01M | $64.83M | $62.82M | $62.68M | $61.45M | $60.85M | $60.45M | $60.46M | $60.34M | $59.01M | $59.06M | $57.68M | $56.82M | $56.83M | $55.98M | $54.08M | $51.27M | $48.78M | $46.76M | $45.44M | $71.99M | $70.67M | $72.78M | $73.08M | $75.10M | $79.33M | $80.05M | $80.59M |
| Low Forecast | $67.14M | $65.91M | $65.76M | $64.58M | $62.59M | $62.44M | $61.22M | $60.62M | $60.22M | $60.22M | $60.11M | $58.79M | $58.15M | $56.86M | $56.60M | $56.61M | $55.77M | $53.87M | $51.27M | $46.63M | $44.70M | $43.44M | $68.82M | $67.56M | $69.58M | $69.85M | $71.79M | $75.83M | $76.52M | $77.04M |
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.98% | 1.00% | 1.01% | - | 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $-14.30M | $25.60M | $24.78M | $24.87M | $24.39M | - | $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 | $30.21M | $30.14M | $29.55M | $29.26M | $29.07M | $29.08M | $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 | $32.48M | $31.88M | $31.81M | $31.24M | $30.27M | $30.20M | $29.61M | $29.32M | $29.13M | $29.13M | $29.07M | $28.43M | $28.46M | $27.79M | $27.38M | $27.38M | $26.97M | $26.06M | $24.70M | $23.50M | $22.53M | $21.90M | $34.69M | $34.05M | $35.07M | $35.21M | $36.19M | $38.22M | $38.57M | $38.83M |
| Low Forecast | $32.35M | $31.76M | $31.69M | $31.12M | $30.16M | $30.09M | $29.50M | $29.21M | $29.01M | $29.02M | $28.96M | $28.33M | $28.02M | $27.40M | $27.27M | $27.28M | $26.87M | $25.96M | $24.70M | $22.47M | $21.54M | $20.93M | $33.16M | $32.55M | $33.52M | $33.66M | $34.59M | $36.54M | $36.87M | $37.12M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.52% | 0.94% | 0.91% | 0.92% | 0.94% | - | 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $-43.62M | $-2.61M | $-3.70M | $-9.82M | $-22.17M | - | $-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 | $101.47M | $125.41M | $-6.78M | $-5.51M | $-2.71M | $-4.73M | $-3.13M | $-1.48M | $85.94K | $-8.02M | $-5.50M | $4.05M |
| High Forecast | - | - | - | - | - | - | - | - | $-2.34M | $-2.84M | $-2.39M | $-2.66M | $1.64M | $1.83M | $578.53K | $929.85K | $172.21M | $112.08M | $101.47M | $129.09M | $-6.58M | $-5.35M | $-2.63M | $-4.59M | $-3.04M | $-1.43M | $88.47K | $-7.79M | $-5.34M | $4.17M |
| Low Forecast | - | - | - | - | - | - | - | - | $-2.35M | $-2.85M | $-2.41M | $-2.68M | $1.57M | $1.82M | $575.67K | $925.25K | $171.36M | $111.53M | $101.47M | $121.74M | $-6.98M | $-5.67M | $-2.79M | $-4.86M | $-3.22M | $-1.52M | $83.43K | $-8.26M | $-5.67M | $3.93M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -23.94% | -4.52% | -3.99% | -0.06% | -0.20% | - | -0.11% | 1.84% | -5.68% | 2.58% | 0.24% | 3.52% | 0.65% | -62.90% | -0.21% | -9.85% | 82.22% |
Elme Communities's average Quarter net income forecast for Dec 21 is $-6.78M, with a range of $-6.98M to $-6.58M. ELME's average Quarter net income forecast represents a -121.64% decrease compared to the company's last Quarter net income of $31.32M (Sep 21).
Elme Communities SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $6.37M | $6.68M | $6.84M | $10.30M | $8.80M | - | $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 | $8.31M | $8.29M | $8.13M | $8.05M | $7.99M | $8.00M | $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 | $8.93M | $8.77M | $8.75M | $8.59M | $8.33M | $8.31M | $8.14M | $8.06M | $8.01M | $8.01M | $8.00M | $7.82M | $7.83M | $7.64M | $7.53M | $7.53M | $7.42M | $7.17M | $6.79M | $6.46M | $6.20M | $6.02M | $9.54M | $9.37M | $9.64M | $9.68M | $9.95M | $10.51M | $10.61M | $10.68M |
| Low Forecast | $8.90M | $8.73M | $8.71M | $8.56M | $8.29M | $8.27M | $8.11M | $8.03M | $7.98M | $7.98M | $7.97M | $7.79M | $7.71M | $7.53M | $7.50M | $7.50M | $7.39M | $7.14M | $6.79M | $6.18M | $5.92M | $5.76M | $9.12M | $8.95M | $9.22M | $9.26M | $9.51M | $10.05M | $10.14M | $10.21M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.84% | 0.89% | 0.91% | 1.39% | 1.23% | - | 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $-0.50 | $-0.03 | $-0.04 | $-0.11 | $-0.25 | - | $-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 | $1.96 | $1.27 | $1.15 | $1.47 | $-0.07 | $-0.06 | $-0.03 | $-0.05 | $-0.03 | $-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 | $1.39 | $-0.08 | $-0.06 | $-0.03 | $-0.06 | $-0.04 | $-0.02 | - | $-0.09 | $-0.06 | $0.04 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | -24.13% | -4.54% | -4.00% | -0.06% | -0.20% | - | -0.11% | 1.94% | -5.89% | 2.59% | 0.37% | 3.64% | 0.59% | -71.50% | -0.22% | -10.53% | 89.80% |
According to 2 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 $-0.07. This represents a -120.87% decrease compared to ELME previous annual EPS of $0.37 (Sep 21).
Elme Communities Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SUI | Sun Communities | $144.74 | $194.00 | 34.03% | Buy |
| NXRT | NexPoint Residential Trust | $45.94 | $59.67 | 29.89% | Hold |
| BRT | BRT Apartments | $18.89 | $21.00 | 11.17% | Buy |
| ELME | Elme Communities | $18.14 | $19.00 | 4.74% | Hold |
| AMH | American Homes 4 Rent | $40.29 | $41.82 | 3.80% | Buy |
| UMH | UMH Properties | $19.79 | $20.50 | 3.59% | Buy |
| UDR | UDR | $46.37 | $46.23 | -0.30% | Buy |
| ELS | Equity LifeStyle Properties | $74.45 | $71.67 | -3.73% | Buy |
| CSR | Centerspace | $73.93 | $70.00 | -5.32% | Buy |
| VRE | Veris Residential | $17.76 | $14.00 | -21.17% | Buy |
ELME Forecast FAQ
Is Elme Communities a good buy?
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.
What is ELME's price target?
Elme Communities (ELME) average price target is $19 with a range of $19 to $19, implying a 4.74% from its last price of $18.14. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Elme Communities stock go up soon?
According to Wall Street analysts' prediction for ELME stock, the company can go up by 4.74% (from the last price of $18.14 to the average price target of $19), up by 4.74% based on the highest stock price target, and up by 4.74% based on the lowest stock price target.
Can Elme Communities stock reach $30?
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.
What are Elme Communities's analysts' financial forecasts?
Elme Communities's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $247.31M (high $247.8M, low $246.86M), average EBITDA is $119.17M (high $119.4M, low $118.95M), average net income is $0 (high $0, low $0), average SG&A $32.77M (high $32.84M, low $32.71M), 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 $264.4M, low $263.4M), average EBITDA is $127.15M (high $127.4M, low $126.92M), average net income is $0 (high $0, low $0), average SG&A $34.97M (high $35.04M, low $34.9M), and average EPS is $0 (high $0, low $0).
Did the ELME's actual financial results beat the analysts' financial forecasts?
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 $510.44M by -111.90%. 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%