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 26.84% upside from ELME’s last price of $14.98) 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 26.84% upside from ELME's last price of $14.98.

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

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%	26.84%

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 26.84% increase from ELME last price ($14.98).

Elme Communities Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	-
Avg Price Target	-	-	-
Last Closing Price	$14.98	$14.98	$14.98
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 $14.98. 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	Jun 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	$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	$65.65M	$64.89M	$64.50M	$63.46M	$62.66M	$62.70M	$61.41M	$60.80M	$60.40M	$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	$65.84M	$65.07M	$64.68M	$63.64M	$62.84M	$62.88M	$61.59M	$60.93M	$60.70M	$60.39M	$60.22M	$59.43M	$59.06M	$57.68M	$56.87M	$56.88M	$56.03M	$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	$65.45M	$64.69M	$64.30M	$63.26M	$62.46M	$62.51M	$61.22M	$60.66M	$60.09M	$60.22M	$60.22M	$58.36M	$58.15M	$56.86M	$56.53M	$56.54M	$55.70M	$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
# Analysts	1	1	1	1	1	1	1	2	2	1	1	1	2	5	4	4	3	3	3	3	4	4	4	4	4	4	4	4	3	3
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 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	Jun 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	1	1	2	2	1	1	1	2	5	4	4	3	3	3	3	4	4	4	4	4	4	4	4	3	3
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	$27.75M	$27.42M	$27.26M	$26.82M	$26.48M	$26.50M	$25.95M	$25.69M	$25.53M	$25.49M	$25.45M	$24.89M	$24.77M	$24.16M	$23.96M	$23.97M	$23.61M	$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	$27.82M	$27.50M	$27.34M	$26.89M	$26.56M	$26.57M	$26.03M	$25.75M	$25.65M	$25.52M	$25.45M	$25.12M	$24.96M	$24.37M	$24.03M	$24.04M	$23.68M	$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	$27.66M	$27.34M	$27.17M	$26.74M	$26.40M	$26.42M	$25.87M	$25.64M	$25.39M	$25.45M	$25.45M	$24.66M	$24.58M	$24.03M	$23.89M	$23.89M	$23.54M	$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 %	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.59%	1.07%	1.03%	1.05%	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 $24.16M, with a high of $24.37M and a low of $24.03M. This is -5.62% lower 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	Jun 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	1	1	2	2	1	1	1	2	5	4	4	3	3	3	3	4	4	4	4	4	4	4	4	3	3
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	-	-	-	-	-	-	-	$20.22M	$-2.35M	$-2.84M	$-2.40M	$-2.67M	$1.64M	$1.82M	$577.17K	$927.66K	$171.81M	$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	-	-	-	-	-	-	-	$20.30M	$-2.34M	$-2.83M	$-2.39M	$-2.66M	$1.64M	$1.83M	$579.30K	$931.07K	$172.44M	$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	-	-	-	-	-	-	-	$20.14M	$-2.35M	$-2.85M	$-2.41M	$-2.68M	$1.57M	$1.81M	$574.85K	$923.93K	$171.12M	$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 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	Jun 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	1	1	2	2	1	1	1	2	5	4	4	3	3	3	3	4	4	4	4	4	4	4	4	3	3
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	$8.70M	$8.60M	$8.55M	$8.41M	$8.30M	$8.31M	$8.14M	$8.06M	$8.00M	$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	$8.72M	$8.62M	$8.57M	$8.43M	$8.33M	$8.33M	$8.16M	$8.07M	$8.04M	$8.00M	$7.98M	$7.88M	$7.83M	$7.64M	$7.54M	$7.54M	$7.42M	$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	$8.67M	$8.57M	$8.52M	$8.38M	$8.28M	$8.28M	$8.11M	$8.04M	$7.96M	$7.98M	$7.98M	$7.73M	$7.71M	$7.53M	$7.49M	$7.49M	$7.38M	$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 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	Jun 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	1	1	2	2	1	1	1	2	5	4	4	3	3	3	3	4	4	4	4	4	4	4	4	3	3
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	-	-	-	-	-	-	-	$0.23	$-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	-	-	-	-	-	-	-	$0.23	$-0.03	$-0.03	$-0.03	$-0.03	$0.02	$0.02	$0.01	$0.01	$1.96	$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	-	-	-	-	-	-	-	$0.23	$-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

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
ELME	Elme Communities	$15.90	$19.00	19.50%	Hold
AMH	American Homes 4 Rent	$36.90	$43.50	17.89%	Buy
SUI	Sun Communities	$122.80	$139.50	13.60%	Buy
BRT	BRT Apartments	$19.00	$21.00	10.53%	Buy
UMH	UMH Properties	$19.31	$21.25	10.05%	Buy
NXRT	NexPoint Residential Trust	$44.67	$48.00	7.45%	Buy
ELS	Equity LifeStyle Properties	$68.75	$73.50	6.91%	Buy
CSR	Centerspace	$68.29	$72.00	5.43%	Hold
UDR	UDR	$44.41	$44.40	-0.02%	Buy
VRE	Veris Residential	$17.53	$14.00	-20.14%	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 26.84% from its last price of $14.98. 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 26.84% (from the last price of $14.98 to the average price target of $19), up by 26.84% based on the highest stock price target, and up by 26.84% based on the lowest stock price target.

Can Elme Communities stock reach $20?

ELME's average twelve months analyst stock price target of $19 does not support the claim that Elme Communities can reach $20 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 $247.58M (high $248.23M, low $246.86M), average EBITDA is $104.63M (high $104.91M, low $104.33M), average net income is $20.22M (high $20.3M, low $20.14M), average SG&A $32.81M (high $32.89M, low $32.71M), and average EPS is $0.23 (high $0.231, low $0.229). ELME's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $258.5M (high $259.23M, low $257.7M), average EBITDA is $109.24M (high $109.55M, low $108.91M), average net income is $0 (high $0, low $0), average SG&A $34.26M (high $34.35M, low $34.15M), 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 $97.3M by -6.78%. The company's net income was $-60.725M, missing the average estimation of $510.69M 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, beating the average prediction of $23.96M by 6.81%. Elme Communities's net income was $-2.611M, missing the average estimation of $577.17K by -552.38%. 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%