Elme Communities (ELME)

• Market cap: $1.32B
• 1 day: 0.74%
• 5 days: -8.04%
• 1 month: -4.83%
• 3 months: -15.80%
• 6 months: -0.60%
• Year to date: 2.46%
• 1 year: 5.20%
• 5 years: -48.66%
• 10 years: -46.67%
• Sector: Financials
• Industry: Real Estate Investment Trusts

About: Elme Communities is a real estate investment trust engaged in owning and operating properties in the greater Washington DC metropolitan area. The company's real estate portfolio is comprised of office, retail, and multifamily properties located near transportation nodes. Washington REIT derives nearly all of its income in the form of rental revenue from tenants organized into long-term leases. The company's office assets contribute the majority of this income, while the rest is split fairly evenly between its retail and multifamily locations. Washington REIT's tenants are banking, consulting, law, and financial services firms.

Employees: 243

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

16% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 25

9% more capital invested

Capital invested by funds: $1.24B [Q2] → $1.35B (+$111M) [Q3]

2% more funds holding

Funds holding: 226 [Q2] → 230 (+4) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

1.23% less ownership

Funds ownership: 88.49% [Q2] → 87.26% (-1.23%) [Q3]

15% less repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 81

76% less call options, than puts

Call options by funds: $269K | Put options by funds: $1.13M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $18 20% upside
• Avg. target: $18 20% upside
• High target: $18 20% upside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

JP Morgan Michael Mueller 64% 1-year accuracy 9 / 14 met price target

20% upside $18

Neutral Downgraded

17 Dec 2024