Elme Communities ELME
About Quantitative Ratings
Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies with quantitative ratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating.
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if ELME is a good fit for your portfolio.
News
Trading Information
- Previous Close Price
- $15.17
- Day Range
- $14.83–15.50
- 52-Week Range
- $12.44–17.19
- Bid/Ask
- $14.95 / $15.65
- Market Cap
- $1.35 Bil
- Volume/Avg
- 1.9 Mil / 743,553
Key Statistics
- Price/Earnings (Normalized)
- —
- Price/Sales
- 5.75
- Dividend Yield (Trailing)
- 4.75%
- Dividend Yield (Forward)
- 4.75%
- Total Yield
- 4.75%
Company Profile
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 primarily near major 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 largest tenants are banking, consulting, law, and financial services firms.
- Sector
- Real Estate
- Industry
- REIT - Residential
- Stock Style Box
- Small Value
- Total Number of Employees
- 243
- Website
- https://www.elmecommunities.com
REIT - Residential Industry Comparables
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
AVB
| AvalonBay Communities Inc | Dqttsrjtb | Nzdvh | $26.7 Bil | |
EQR
| Equity Residential | Cngbqgsv | Krbj | $24.3 Bil | |
INVH
| Invitation Homes Inc | Qqknrrqb | Jpy | $20.9 Bil | |
ESS
| Essex Property Trust Inc | Xqfqwbvw | Yznjr | $15.8 Bil | |
MAA
| Mid-America Apartment Communities Inc | — | Hbbz | $15.2 Bil | |
SUI
| Sun Communities Inc | Tjxhmnqmh | Gdp | $14.1 Bil | |
AMH
| American Homes 4 Rent Class A | — | Kfpmj | $13.2 Bil | |
UDR
| UDR Inc | — | Gtjplg | $12.3 Bil | |
ELS
| Equity Lifestyle Properties Inc | Tsyfndv | Lmfx | $11.4 Bil | |
AIRC
| Apartment Income REIT Corp Class A | Mtbhgsct | Jgqj | $5.6 Bil |