Elme Communities upgraded by JP Morgan with a new price target
$ELME
Real Estate Investment Trusts
Real Estate
JP Morgan upgraded Elme Communities from Neutral to Overweight and set a new price target of $18.00 from $16.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/21/2024 | Peer Perform | Wolfe Research | |
| 12/18/2023 | $16.00 → $18.00 | Neutral → Overweight | JP Morgan |
Truist Securities analyst Michael Lewis maintains Elme Communities (NYSE:ELME) with a Hold and raises the price target from $15 to $16.
4 - Elme Communities (0000104894) (Issuer)
4 - Elme Communities (0000104894) (Issuer)
4 - Elme Communities (0000104894) (Issuer)
BETHESDA, Md., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (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 ended September 30, 2024: Financial Results Net loss was $3.0 million, or $0.03 per diluted shareNAREIT FFO was $20.5 million, or $0.23 per diluted shareCore FFO was $20.7 million, or $0.23 per diluted shareNet Operating Income (NOI) was $38.8 million Operational Highlights Same-store multifamily NOI increased by 2.3% compared to the prior year quarterEffective blended Lease Rate Growth was 2.1% for our Same-Store Portfolio du
BETHESDA, Md., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Elme Communities ("Elme") (NYSE:ELME), a value-oriented multifamily owner and operator, will release third quarter earnings results after market close on Monday, November 4, 2024. A conference call to discuss these results will be conducted on Tuesday, November 5, 2024, 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 Code848746Webcast:ir.elmecommunities.com Instant replay of the conference call will be available until Tuesday, November 19, 2024, at 11:59 pm ET. Instant replay acce
BETHESDA, Md., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (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 ended June 30, 2024: Financial Results Net loss was $3.5 million, or $0.04 per diluted shareNAREIT FFO was $20.4 million, or $0.23 per diluted shareCore FFO was $20.5 million, or $0.23 per diluted shareNet Operating Income (NOI) was $38.1 million Operational Highlights Same-store multifamily NOI increased by 1.3% compared to the prior year periodEffective blended Lease Rate Growth increased to 3.2% for our Same-Store Portfolio during
Wolfe Research initiated coverage of Elme Communities with a rating of Peer Perform
JP Morgan upgraded Elme Communities from Neutral to Overweight and set a new price target of $18.00 from $16.00 previously
10-Q - Elme Communities (0000104894) (Filer)
8-K - Elme Communities (0000104894) (Filer)
10-Q - Elme Communities (0000104894) (Filer)
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
BETHESDA, Md., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (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 ended September 30, 2024: Financial Results Net loss was $3.0 million, or $0.03 per diluted shareNAREIT FFO was $20.5 million, or $0.23 per diluted shareCore FFO was $20.7 million, or $0.23 per diluted shareNet Operating Income (NOI) was $38.8 million Operational Highlights Same-store multifamily NOI increased by 2.3% compared to the prior year quarterEffective blended Lease Rate Growth was 2.1% for our Same-Store Portfolio du
BETHESDA, Md., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Elme Communities ("Elme") (NYSE:ELME), a value-oriented multifamily owner and operator, will release third quarter earnings results after market close on Monday, November 4, 2024. A conference call to discuss these results will be conducted on Tuesday, November 5, 2024, 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 Code848746Webcast:ir.elmecommunities.com Instant replay of the conference call will be available until Tuesday, November 19, 2024, at 11:59 pm ET. Instant replay acce
BETHESDA, Md., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Elme Communities (the "Company") (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 ended June 30, 2024: Financial Results Net loss was $3.5 million, or $0.04 per diluted shareNAREIT FFO was $20.4 million, or $0.23 per diluted shareCore FFO was $20.5 million, or $0.23 per diluted shareNet Operating Income (NOI) was $38.1 million Operational Highlights Same-store multifamily NOI increased by 1.3% compared to the prior year periodEffective blended Lease Rate Growth increased to 3.2% for our Same-Store Portfolio during