Elme Communities (NYSE:ELME) PT Raised to $19.00

Elme Communities (NYSE:ELMEGet Rating) had its target price lifted by Wells Fargo & Company from $17.00 to $19.00 in a research note released on Tuesday, Marketbeat reports. The brokerage currently has an equal weight rating on the stock.

Elme Communities Price Performance

Shares of Elme Communities stock opened at $19.54 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.72 and a quick ratio of 0.72. Elme Communities has a twelve month low of $16.14 and a twelve month high of $26.79.

Elme Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Thursday, December 22nd will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, December 21st. This represents a $0.68 dividend on an annualized basis and a yield of 3.48%. Elme Communities’s dividend payout ratio (DPR) is -174.36%.

About Elme Communities

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Elme Communities owns and operates uniquely positioned real estate assets in the Washington Metro area. Backed by decades of experience, expertise and ambition, we create value by transforming insights into strategy and strategy into action. As of October 29, 2020, the Company's portfolio of 45 properties includes approximately 3.7 million square feet of commercial space and 6,863 multifamily apartment units.

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