NYSE: ELME

Elme Communities Stock Forecast, Predictions & Price Target

The consensus among 2 Wall Street analysts covering (NYSE: ELME) stock is to Buy ELME stock.

Out of 2 analysts, 1 (50%) are recommending ELME as a Strong Buy, 0 (0%) are recommending ELME as a Buy, 1 (50%) are recommending ELME as a Hold, 0 (0%) are recommending ELME as a Sell, and 0 (0%) are recommending ELME as a Strong Sell.

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(NYSE: ELME) Elme Communities's forecast annual revenue growth rate of 4.12% is forecast to beat the US REIT - Residential industry's average forecast revenue growth rate of 3.42%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.16%.

Elme Communities's revenue in 2024 is $227,911,000.On average, 2 Wall Street analysts forecast ELME's revenue for 2024 to be $20,964,640,942, with the lowest ELME revenue forecast at $20,934,326,807, and the highest ELME revenue forecast at $20,994,955,077. On average, 2 Wall Street analysts forecast ELME's revenue for 2025 to be $21,676,803,455, with the lowest ELME revenue forecast at $21,537,973,502, and the highest ELME revenue forecast at $21,815,633,409.

In 2026, ELME is forecast to generate $22,645,977,116 in revenue, with the lowest revenue forecast at $22,546,687,339 and the highest revenue forecast at $22,745,266,893.

According to 2 Wall Street analysts that have issued a 1 year ELME price target, the average ELME price target is $16.00, with the highest ELME stock price forecast at $18.00 and the lowest ELME stock price forecast at $14.00.

On average, Wall Street analysts predict that Elme Communities's share price could reach $16.00 by Dec 18, 2024. The average Elme Communities stock price prediction forecasts a potential upside of 6.74% from the current ELME share price of $14.99.

(NYSE: ELME) forecast ROE is N/A, which is considered weak.