Elme Communities experienced a dramatic price drop of 84.02%, crossing below its 5-day SMA. This decline occurs in the context of mixed market performance, with the Nasdaq-100 down 0.60% and the S&P 500 remaining flat.
The stock's significant drop is attributed to broad market weakness, as indicated by the Nasdaq-100's decline. This suggests a sector rotation, where investors may be reallocating their investments away from certain sectors, impacting Elme Communities negatively despite the overall market's mixed signals.
The implications of this price movement indicate a challenging environment for Elme Communities, as the stock's performance may reflect broader investor sentiment and sector dynamics, potentially leading to further volatility in the near term.
Wall Street analysts forecast ELME stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ELME is 18.00 USD with a low forecast of 18.00 USD and a high forecast of 18.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast ELME stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ELME is 18.00 USD with a low forecast of 18.00 USD and a high forecast of 18.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
2 Hold
0 Sell
Hold
Current: 2.180
Low
18.00
Averages
18.00
High
18.00
Current: 2.180
Low
18.00
Averages
18.00
High
18.00
JPMorgan
Neutral
downgrade
$19 -> $18
2025-10-21
Reason
JPMorgan
Price Target
$19 -> $18
AI Analysis
2025-10-21
downgrade
Neutral
Reason
JPMorgan lowered the firm's price target on Elme Communities to $18 from $19 and keeps a Neutral rating on the shares. The firm updated the company's model.
Truist
Buy
to
Hold
downgrade
$18 -> $2
2025-09-11
Reason
Truist
Price Target
$18 -> $2
2025-09-11
downgrade
Buy
to
Hold
Reason
Truist downgraded Elme Communities to Hold from Buy with a price target of $2, down from $18. The company is liquidating and the shares are up 12% year-to-date, the analyst tells investors in a research note. The firm reduced estimates to reflect Elme's dispositions and assumed transaction fees. The Hold rating reflects the view that investors may find better risk-adjusted returns elsewhere, contends Truist.
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Truist
Buy
downgrade
$19 -> $18
2025-05-28
Reason
Truist
Price Target
$19 -> $18
2025-05-28
downgrade
Buy
Reason
Truist lowered the firm's price target on Elme Communities to $18 from $19 but keeps a Buy rating on the shares. The firm assigns more conservative price to net asset value and price to FFO multiple targets amid higher interest rates and labor market uncertainty, the analyst tells investors in a research note. Truist adds however that multifamily fundamentals are generally healthy with low forecasted supply and unaffordable and unavailable single-family ownership options.
Wells Fargo
James Feldman
Hold
Maintains
$17 → $19
2025-02-20
Reason
Wells Fargo
James Feldman
Price Target
$17 → $19
2025-02-20
Maintains
Hold
Reason
Wells Fargo raised the firm's price target on Elme Communities to $19 from $17 and keeps an Equal Weight rating on the shares. The firm revised its valuation methodology to its asset-by-asset NAV following Elme's strategic review announcement.
About ELME
Elme Communities is a multifamily real estate investment trust that owns and operates apartment homes in the Washington, DC metro and the Atlanta metro. The Company operates in a single reportable segment which includes the ownership, development, redevelopment and acquisition of apartment communities (the Residential segment). The Company’s properties include Riverside Apartments, Elme Bethesda, Elme Germantown, Elme Watkins Mill, 3801 Connecticut Avenue, Kenmore Apartments, Elme Conyers, Elme Marietta and Elme Sandy Springs. It also owns and operates approximately 300,000 square feet of commercial space (Watergate 600) in the Washington, DC metro region.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
