Elme Communities (ELME) Expected to Announce Quarterly Earnings on Thursday

Elme Communities (NYSE:ELME) is expected to announce its earnings results after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of ($0.03) per share and revenue of $60.50 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Elme Communities Price Performance

Shares of NYSE:ELME opened at $15.58 on Tuesday. The firm’s 50-day moving average is $15.31 and its two-hundred day moving average is $16.50. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.63. Elme Communities has a 1 year low of $12.74 and a 1 year high of $18.49.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ELME. Truist Financial upgraded shares of Elme Communities from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Wolfe Research initiated coverage on Elme Communities in a research note on Monday, October 21st. They set a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. downgraded Elme Communities from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $19.00 to $18.00 in a report on Tuesday, December 17th.

Elme Communities Company Profile

Elme Communities is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience. The Company is a multifamily real estate investment trust that owns and operates approximately 9,400 apartment homes in the Washington, DC metro and the Atlanta metro regions, and owns approximately 300,000 square feet of commercial space.