Elme Communities (NYSE:ELME) Given Average Recommendation of “Reduce” by Analysts

Posted by on May 26th, 2026

Elme Communities (NYSE:ELME – Get Free Report) has received a consensus rating of “Reduce” from the four analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $18.00.

ELME has been the subject of a number of analyst reports. BTIG Research reissued a “neutral” rating on shares of Elme Communities in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Elme Communities in a research note on Friday, April 10th.

View Our Latest Stock Report on Elme Communities

Elme Communities Price Performance

ELME opened at $2.04 on Tuesday. The stock’s 50 day simple moving average is $2.08 and its 200 day simple moving average is $7.08. The company has a debt-to-equity ratio of 0.78, a current ratio of 166.32 and a quick ratio of 166.32. Elme Communities has a 1 year low of $1.98 and a 1 year high of $17.68. The firm has a market cap of $180.83 million, a price-to-earnings ratio of -1.34 and a beta of 0.71.

Hedge Funds Weigh In On Elme Communities

A number of hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Elme Communities by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,358 shares of the company’s stock valued at $911,000 after acquiring an additional 2,315 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Elme Communities by 6.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 638,149 shares of the company’s stock valued at $11,104,000 after purchasing an additional 40,722 shares during the period. Jane Street Group LLC increased its holdings in Elme Communities by 170.3% during the 1st quarter. Jane Street Group LLC now owns 101,800 shares of the company’s stock valued at $1,771,000 after purchasing an additional 64,137 shares during the period. Creative Planning raised its position in Elme Communities by 29.8% during the 2nd quarter. Creative Planning now owns 14,386 shares of the company’s stock valued at $229,000 after purchasing an additional 3,307 shares during the last quarter. Finally, Norges Bank bought a new position in Elme Communities during the 2nd quarter valued at approximately $1,465,000. Hedge funds and other institutional investors own 87.88% of the company’s stock.

About Elme Communities

(Get Free Report)

Elme Communities, Inc is a real estate investment trust (REIT) specializing in senior living real estate. The company focuses on acquiring and strategically partnering in a diversified portfolio of senior housing communities, providing real estate solutions across the spectrum of independent living, assisted living and memory care facilities. Elme Communities leases properties to experienced operators under long-term contractual arrangements designed to generate stable rental income and align incentives for both landlord and operator.

The company’s core activities include identifying acquisition opportunities, underwriting property performance, structuring lease agreements and overseeing asset management functions.

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