Elme Communities Announces Third Quarter 2024 Results

ELME Stock  USD 14.65  0.09  0.61%   
About 54% of Elme Communities' investor base is interested to short. The analysis of overall sentiment of trading Elme Communities stock suggests that many investors are impartial at this time. The current market sentiment, together with Elme Communities' historical and current headlines, can help investors time the market. In addition, many technical investors use Elme Communities stock news signals to limit their universe of possible portfolio assets.
  
BETHESDA, Md., Nov. 04, 2024 -- Elme Communities , a multifamily REIT with communities in the Washington, DC metro area and the Atlanta metro area, reported financial and operating results today for the quarter ended September 30, 2024 Financial Results Net loss was 3.0 million, or 0.03 per diluted shareNAREIT FFO was 20.5 million, or 0.23 per diluted shareCore FFO was 20.7 million, or 0.23 per diluted shareNet Operating Income was 38.8

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Elme Communities Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards Elme Communities can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Elme Communities Fundamental Analysis

We analyze Elme Communities' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elme Communities using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elme Communities based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Short Ratio

Short Ratio Comparative Analysis

Elme Communities is currently under evaluation in short ratio category among its peers. Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.

Elme Communities Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Elme Communities stock to make a market-neutral strategy. Peer analysis of Elme Communities could also be used in its relative valuation, which is a method of valuing Elme Communities by comparing valuation metrics with similar companies.

Peers

Elme Communities Related Equities

CLPRClipper Realty   1.75   
0%
100.0%
ELSEquity Lifestyle   1.05   
0%
60.0%
SUISun Communities   0.84   
0%
48.0%
CSRCenterspace   0.84   
0%
48.0%
UMHUMH Properties   0.17   
0%
9.0%
BRTBRT Realty   0.12   
6.0%
0%
UDRUDR   0.44   
25.0%
0%
AMHAmerican Homes   0.80   
45.0%
0%
VREVeris Residential   1.15   
65.0%
0%
NXRTNexpoint Residential   1.37   
78.0%
0%

Complementary Tools for Elme Stock analysis

When running Elme Communities' price analysis, check to measure Elme Communities' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elme Communities is operating at the current time. Most of Elme Communities' value examination focuses on studying past and present price action to predict the probability of Elme Communities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elme Communities' price. Additionally, you may evaluate how the addition of Elme Communities to your portfolios can decrease your overall portfolio volatility.
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