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

OverviewRevenueFinancialsChartTranscripts

ELME Stock Forecast

Elme Communities (ELME) stock forecast, based on 3 Wall Street analysts, predicts a 12-month average price target of $19.00, with a high of $19.00 and a low of $19.00. This represents a 27.69% increase from the last price of $14.88.

$12 $13 $14 $15 $16 $17 $18 $19 High: $19 Avg: $19 Low: $19 Last Closed Price: $14.88

ELME Stock Rating

Elme Communities stock's rating consensus is Hold, based on 3 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 0 Buy (0.00%), 3 Hold (100.00%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Hold
Total 3 0 3 Strong Sell Sell Hold Buy Strong Buy

ELME Forecast vs Benchmarks

TypeNameUpside
StockElme Communities27.69%
SectorReal Estate Stocks 14.90%
IndustryOffice REIT Stocks17.63%

Price Target Trends

1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$14.88$14.88$14.88
Upside/Downside---
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 25-15--6
Dec, 241-5--6
Nov, 24114--6
Oct, 24114--6
Sep, 24113--5
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 29, 2022Truist Financial$19.00$19.15-0.78%27.69%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Sep 13, 2024Wells FargoEqual-WeightEqual-Weighthold
Jan 11, 2023BTIGNeutraldowngrade
Apr 26, 2022Zacks Investment ResearchHoldupgrade

Financial Forecast

EPS Forecast

Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-0.64$-0.26$-0.69$-0.60-----
Avg Forecast$-0.09$-0.18$-0.29$-0.48$-0.14$-0.12$-0.10--
High Forecast$-0.09$-0.19$-0.29$-0.48$-0.15$-0.12$-0.10--
Low Forecast$-0.09$-0.18$-0.29$-0.48$-0.14$-0.12$-0.09--
Surprise %611.11%44.44%137.93%25.00%-----

Revenue Forecast

$150M $180M $210M $240M $270M $300M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$294.12M$169.15M$209.38M$227.91M-----
Avg Forecast$294.13M$187.47M$209.66M$227.54M$240.91M$247.67M$255.54M$261.91M$272.80M
High Forecast$292.88M$186.67M$208.69M$227.08M$240.60M$246.88M$255.54M$261.91M$271.38M
Low Forecast$295.67M$188.45M$210.45M$228.00M$241.22M$248.45M$255.54M$261.91M$273.97M
Surprise %-0.00%-9.77%-0.13%0.16%-----

Net Income Forecast

$-65M $-52M $-39M $-26M $-13M $0 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-52.98M$-21.79M$-60.73M$-52.98M-----
Avg Forecast$-8.09M$-16.18M$-25.22M$-42.19M$-12.67M$-10.32M$-8.38M--
High Forecast$-8.14M$-16.29M$-25.34M$-42.53M$-12.77M$-10.33M$-8.43M--
Low Forecast$-8.04M$-16.09M$-25.07M$-41.86M$-12.56M$-10.17M$-8.33M--
Surprise %555.27%34.64%140.80%25.56%-----

ELME Forecast FAQ

Is Elme Communities stock a buy?

Elme Communities stock has a consensus rating of Hold, based on 3 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 0 Buy, 3 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Elme Communities is a neutral investment for most analysts.

What is Elme Communities's price target?

Elme Communities's price target, set by 3 Wall Street analysts, averages $19 over the next 12 months. The price target range spans from $19 at the low end to $19 at the high end, suggesting a potential 27.69% change from the previous close price of $14.88.

How does Elme Communities stock forecast compare to the average forecast of its sector, industry, and investment themes?

Elme Communities stock forecast shows a 27.69% upside, outperforming the average forecast for the real estate stocks sector (14.90%) and outperforming the office reit stocks industry (17.63%).

What is the breakdown of analyst ratings for Elme Communities over the past three months?

  • January 2025: 0% Strong Buy, 16.67% Buy, 83.33% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 16.67% Strong Buy, 0% Buy, 83.33% Hold, 0% Sell, 0% Strong Sell.
  • November 2024: 16.67% Strong Buy, 16.67% Buy, 66.67% Hold, 0% Sell, 0% Strong Sell.

What is Elme Communities’s EPS forecast?

Elme Communities's average annual EPS forecast for its fiscal year ending in December is -0.14 for 2024, a -76.67% decrease from the reported $-0.6 in 2023. The prediction for 2025 is $-0.12, $-0.1 for 2026, $0 for 2027, and $0 for 2028.

What is Elme Communities’s revenue forecast?

Elme Communities's average annual revenue forecast for its fiscal year ending in December is $240.91M for 2024, a 5.71% increase from the reported $227.91M in 2023. The forecast for 2025 is $247.67M, $255.54M for 2026, $261.91M for 2027, and $272.8M for 2028.

What is Elme Communities’s net income forecast?

For its fiscal year ending in December, Elme Communities's average annual net income forecast is $-12.668M for 2024, reflecting a -76.09% decrease from the reported $-52.977M in 2023. The projection for 2025 is $-10.322M, $-8.381M for 2026, $0 for 2027, and $0 for 2028.