Elme Communities (NYSE:ELME – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.91-0.95 for the period, compared to the consensus estimate of $0.93. Elme Communities also updated its FY 2024 guidance to 0.910-0.950 EPS.
Elme Communities Stock Up 1.4 %
Elme Communities stock traded up $0.24 during midday trading on Friday, reaching $16.94. The stock had a trading volume of 834,700 shares, compared to its average volume of 462,106. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average price of $15.78 and a two-hundred day moving average price of $14.88. The company has a market capitalization of $1.49 billion, a P/E ratio of -27.77 and a beta of 0.89. Elme Communities has a 12 month low of $12.44 and a 12 month high of $17.36.
Elme Communities Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.72 annualized dividend and a dividend yield of 4.25%. Elme Communities’s dividend payout ratio is currently -118.03%.
Analyst Ratings Changes
Read Our Latest Research Report on Elme Communities
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.
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