Elme Communities downgraded by Analyst with a new price target
$ELME
Real Estate Investment Trusts
Real Estate
Analyst downgraded Elme Communities from Overweight to Neutral and set a new price target of $18.00 from $19.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/17/2025 | Hold → Buy | Truist | |
| 12/17/2024 | $19.00 → $18.00 | Overweight → Neutral | Analyst |
| 10/21/2024 | Peer Perform | Wolfe Research | |
| 12/18/2023 | $16.00 → $18.00 | Neutral → Overweight | JP Morgan |
Strong Same-store NOI and Occupancy Growth Operating Initiatives Driving Higher Fee Income Solid Rental Rate Growth BETHESDA, Md., May 01, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the "Company" or "Elme") (NYSE:ELME), a multifamily REIT, reported financial and operating results today for the quarter ended March 31, 2025: Financial Results Three months ended March 31, 2025 2024 Net loss per diluted share$ (0.05) $ (0.04)Core FFO per diluted share 0.24 0.23 Operational Highlights Same-store multifamily NOI increased by 5.5% compared to the prior year quarterSame-store Average Effective Monthly Rent
BETHESDA, Md., April 07, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the "Company" or "Elme") (NYSE:ELME), a value-oriented multifamily owner and operator, will release first quarter earnings results after market close on Thursday, May 1, 2025. A conference call to discuss these results will be conducted on Friday, May 2, 2025, at 10:00 am ET. There will also be a webcast presentation with slides. Conference call and webcast access information is as follows: USA Toll Free Number:888-506-0062International Toll Number:973-528-0011Entry Code:1940443Webcast:ir.elmecommunities.com Instant replay of the conference call will be available until Friday, May 16, 2025, at 11:59 pm ET. Instant replay a
BETHESDA, Md., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the "Company" or "Elme") (NYSE:ELME), a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter and year ended December 31, 2024: Fourth Quarter Financial and Operational Highlights Net loss was $3.0 million, or $0.03 per diluted shareCore FFO was $20.7 million, or $0.24 per diluted shareSame-store multifamily NOI increased by 1.7% compared to the prior year quarterAverage Effective Monthly Rent Per Home increased 1.9% compared to the prior year quarter for our Same-Store PortfolioEffective blended Lease Rate Growth was 1
BETHESDA, Md., March 19, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (NYSE:ELME), a multifamily REIT with communities in the Washington, DC and the Atlanta metro areas, today announced the appointment of Ron D. Sturzenegger to its Board of Trustees (the "Board"), effective immediately. With Mr. Sturzenegger's appointment as an independent trustee, the Board is now comprised of eight trustees, seven of whom are independent. Mr. Sturzenegger brings more than three decades of finance and real estate experience to the Elme Board. He previously held positions at Bank of America Corporation and BofA Securities including Managing Director and Global Head of Real Estate, Gaming and
WASHINGTON, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Elme Communities (NYSE:ELME), a value-oriented multifamily owner and operator, announced today the appointment of Susan Carras as an independent director to the Board of Trustees. Her appointment expands the company's Board to seven members and increases female representation among independent trustees to 50%. "We are pleased to welcome Susan to Elme's Board," said Paul T. McDermott, Chairman and Chief Executive Officer. "Susan is a highly accomplished leader in the real estate industry. She brings extensive multifamily debt and equity transaction experience that will greatly benefit our Board and Company. We look forward to working with Susa
WASHINGTON, June 28, 2023 (GLOBE NEWSWIRE) -- Elme Communities (NYSE:ELME), a value-oriented multifamily owner and operator, is pleased to announce the appointment of Tiffany Butcher as Executive Vice President and Chief Operating Officer (COO), beginning July 10, 2023. Ms. Butcher will join Elme with more than 12 years of corporate leadership experience and brings with her an extensive background in residential asset management, property management, budgeting and forecasting, investment management, and organizational change management. As COO, she will guide the company's operating strategy, advance and implement operational improvements and align the day-to-day operations and asset mana
4 - Elme Communities (0000104894) (Issuer)
4 - Elme Communities (0000104894) (Issuer)
3 - Elme Communities (0000104894) (Issuer)
Strong Same-store NOI and Occupancy Growth Operating Initiatives Driving Higher Fee Income Solid Rental Rate Growth BETHESDA, Md., May 01, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the "Company" or "Elme") (NYSE:ELME), a multifamily REIT, reported financial and operating results today for the quarter ended March 31, 2025: Financial Results Three months ended March 31, 2025 2024 Net loss per diluted share$ (0.05) $ (0.04)Core FFO per diluted share 0.24 0.23 Operational Highlights Same-store multifamily NOI increased by 5.5% compared to the prior year quarterSame-store Average Effective Monthly Rent
Institutional Property Advisors (IPA), a specialized division of Marcus & Millichap (NYSE:MMI) dedicated to serving the company's institutional clients, announced today that Andrew Leahy has joined the firm as senior vice president, national director of IPA's multifamily division. In his new role, Leahy will lead IPA advisory teams across North America in providing best-of-class services and expanding IPA into additional markets. Leahy brings over 20 years of experience in institutional multifamily investment, portfolio management, and strategic expansion into target markets across real estate cycles. Over his career he has executed over $6 billion in transactions. The multifamily housing
BETHESDA, Md., April 07, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the "Company" or "Elme") (NYSE:ELME), a value-oriented multifamily owner and operator, will release first quarter earnings results after market close on Thursday, May 1, 2025. A conference call to discuss these results will be conducted on Friday, May 2, 2025, at 10:00 am ET. There will also be a webcast presentation with slides. Conference call and webcast access information is as follows: USA Toll Free Number:888-506-0062International Toll Number:973-528-0011Entry Code:1940443Webcast:ir.elmecommunities.com Instant replay of the conference call will be available until Friday, May 16, 2025, at 11:59 pm ET. Instant replay a
Truist upgraded Elme Communities from Hold to Buy
Analyst downgraded Elme Communities from Overweight to Neutral and set a new price target of $18.00 from $19.00 previously
Wolfe Research initiated coverage of Elme Communities with a rating of Peer Perform
10-Q - Elme Communities (0000104894) (Filer)
8-K - Elme Communities (0000104894) (Filer)
DEFA14A - Elme Communities (0000104894) (Filer)