Elme Communities downgraded by Truist with a new price target
$ELME
Real Estate Investment Trusts
Real Estate
Truist downgraded Elme Communities from Buy to Hold and set a new price target of $2.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/11/2025 | $2.00 | Buy → Hold | Truist |
| 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 |
8-K - Elme Communities (0000104894) (Filer)
10-Q - Elme Communities (0000104894) (Filer)
8-K - Elme Communities (0000104894) (Filer)
Truist downgraded Elme Communities from Buy to Hold and set a new price target of $2.00
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
BETHESDA, Md., Nov. 12, 2025 (GLOBE NEWSWIRE) -- Elme Communities ("Elme" or the "Company") (NYSE:ELME) today completed its previously announced sale of 19 multifamily communities ("the portfolio sale") to an affiliate of Cortland Partners, LLC ("Cortland") for $1.6 billion in cash, subject to certain customary adjustments and prorations. The completion of the portfolio sale follows the satisfaction of all conditions to closing, including receipt of approval of the portfolio sale by Elme shareholders at the October 30, 2025 special meeting. The portfolio sale marks the first step effecting the Company's Plan of Sale and Liquidation, which was approved by the Company's shareholders at the
BETHESDA, Md., Oct. 23, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the "Company" or "Elme") (NYSE:ELME), a multifamily REIT, reported financial and operating results today for the quarter ended September 30, 2025: Financial Results Three months ended September 30, 2025 2024Net loss per diluted share$ (1.40) $ (0.03)Core FFO per diluted share 0.22 0.23 Operational Highlights Same-store multifamily NOI decreased by 1.8% compared to the prior year quarterSame-store Average Effective Monthly Rent Per Home increased 1.1% compared to the prior year quarterEffective blended Lease Rate Growth was 0.7% for our Sa
BETHESDA, Md., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (NYSE:ELME), a value-oriented multifamily owner and operator, will release third quarter earnings results after market close on Thursday, October 23rd, 2025. The Company will not hold a conference call related to the third quarter earnings release. About Elme Communities Elme Communities is committed to elevating what home can be by providing a higher level of quality, service, and experience. The company is a multifamily real estate investment trust that owns and operates apartment homes in the Washington, DC metro and the Atlanta metro. Contact:Investor RelationsAmy Hopkins202-774-3253ahopkins@elmecommun
4 - Elme Communities (0000104894) (Issuer)
4 - Elme Communities (0000104894) (Issuer)
4 - Elme Communities (0000104894) (Issuer)
BETHESDA, Md., Oct. 23, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the "Company" or "Elme") (NYSE:ELME), a multifamily REIT, reported financial and operating results today for the quarter ended September 30, 2025: Financial Results Three months ended September 30, 2025 2024Net loss per diluted share$ (1.40) $ (0.03)Core FFO per diluted share 0.22 0.23 Operational Highlights Same-store multifamily NOI decreased by 1.8% compared to the prior year quarterSame-store Average Effective Monthly Rent Per Home increased 1.1% compared to the prior year quarterEffective blended Lease Rate Growth was 0.7% for our Sa
BETHESDA, Md., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (NYSE:ELME), a value-oriented multifamily owner and operator, will release third quarter earnings results after market close on Thursday, October 23rd, 2025. The Company will not hold a conference call related to the third quarter earnings release. About Elme Communities Elme Communities is committed to elevating what home can be by providing a higher level of quality, service, and experience. The company is a multifamily real estate investment trust that owns and operates apartment homes in the Washington, DC metro and the Atlanta metro. Contact:Investor RelationsAmy Hopkins202-774-3253ahopkins@elmecommun
BETHESDA, Md., Aug. 05, 2025 (GLOBE NEWSWIRE) -- Elme Communities (the "Company" or "Elme") (NYSE:ELME), a multifamily REIT, reported financial and operating results today for the quarter ended June 30, 2025: Financial Results Three months ended June 30, 2025 2024 Net loss per diluted share$(0.04) $(0.04)Core FFO per diluted share 0.24 0.23 Operational Highlights Same-store multifamily NOI increased by 4.5% compared to the prior year quarterSame-store Average Effective Monthly Rent Per Home increased 1.4% compared to the prior year quarterEffective blended Lease Rate Growth was 1.3% for our Same-Store Portfolio during the quarter, comprised of effective new Lease Rate Gr
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