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Elme Communities
ELMENYSE
Elme Communities (NYSE:ELME) Stock, Analyst Ratings, Price Targets, Forecasts
Elme Communities has a consensus price target of $12 based on the ratings of 9 analysis. The 3 most-recent analyst ratings were released by Truist Securities, JP Morgan, and Wells Fargo on May 15, 2024, December 18, 2023, and November 9, 2023, respectively. With an average price target of $16 between Truist Securities, JP Morgan, and Wells Fargo, there's an implied 4.92% upside for Elme Communities from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Truist Securities
JP Morgan
Wells Fargo
BTIG
1calculated from analyst ratings
Analyst Ratings for Elme Communities
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 05/15/2024 | Buy Now | 4.92% | Truist Securities | Michael Lewis | $15 → $16 | Maintains | Hold | Get Alert |
| 12/18/2023 | Buy Now | 18.03% | JP Morgan | Michael Mueller | $16 → $18 | Upgrade | Neutral → Overweight | Get Alert |
| 11/09/2023 | Buy Now | -8.2% | Wells Fargo | Blaine Heck | $15.5 → $14 | Maintains | Equal-Weight | Get Alert |
| 09/12/2023 | Buy Now | -1.64% | Wells Fargo | Blaine Heck | $18 → $15 | Maintains | Equal-Weight | Get Alert |
| 06/28/2023 | Buy Now | 18.03% | Truist Securities | Michael Lewis | $19 → $18 | Maintains | Hold | Get Alert |
| 02/21/2023 | Buy Now | 24.59% | Truist Securities | Michael Lewis | $18 → $19 | Maintains | Hold | Get Alert |
| 01/11/2023 | Buy Now | — | BTIG | Michael Gorman | — | Downgrade | Buy → Neutral | Get Alert |
| 11/29/2022 | Buy Now | 24.59% | Truist Securities | Michael Lewis | $22 → $19 | Maintains | Hold | Get Alert |
| 11/22/2022 | Buy Now | 24.59% | Wells Fargo | Blaine Heck | $17 → $19 | Maintains | Equal-Weight | Get Alert |
FAQ
What is the target price for Elme Communities (ELME) stock?
The latest price target for Elme Communities (NYSE:ELME) was reported by Truist Securities on May 15, 2024. The analyst firm set a price target for $16.00 expecting ELME to rise to within 12 months (a possible 4.92% upside). 4 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Elme Communities (ELME)?
The latest analyst rating for Elme Communities (NYSE:ELME) was provided by Truist Securities, and Elme Communities maintained their hold rating.
When was the last upgrade for Elme Communities (ELME)?
The last upgrade for Elme Communities happened on December 18, 2023 when JP Morgan raised their price target to $18. JP Morgan previously had a neutral for Elme Communities.
When was the last downgrade for Elme Communities (ELME)?
The last downgrade for Elme Communities happened on January 11, 2023 when BTIG changed their price target from N/A to N/A for Elme Communities.
When is the next analyst rating going to be posted or updated for Elme Communities (ELME)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Elme Communities, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Elme Communities was filed on May 15, 2024 so you should expect the next rating to be made available sometime around May 15, 2025.
Is the Analyst Rating Elme Communities (ELME) correct?
While ratings are subjective and will change, the latest Elme Communities (ELME) rating was a maintained with a price target of $15.00 to $16.00. The current price Elme Communities (ELME) is trading at is $15.25, which is within the analyst’s predicted range.
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