ELME trades 1011.1% below Wall Street's consensus target of $19.00.
Last 12 months price action with 12-month analyst target path
The base valuation assumes ELME achieves its forward estimates and maintains a stable P/E multiple of historical averagesx. This scenario reflects the blended consensus of 8 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, Elme Communities (ELME) has a Wall Street consensus price target of $19.00, based on estimates from 8 covering analysts. With the stock currently trading at $1.71, this represents a potential upside of +1011.1%. The company has a market capitalization of $152M.
Analyst price targets range from a low of $19.00 to a high of $19.00, representing a 0% spread in expectations. The median target of $19.00 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 1 analysts rating the stock as a Buy or Strong Buy,7 rating it Hold, and 0 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, ELME trades at a trailing P/E of -1.0x. Analysts expect EPS to grow +93.8% over the next year.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 UDRUDR, Inc. | $11.0B | $33.79 | $41.67 | +23.3% | Buy | 31.1x | 38 |
 NHINational Health Investors, Inc. | $3.3B | $67.20 | $79.40 | +18.2% | Hold | 17.5x | 19 |
 IRTIndependence Realty Trust, Inc. | $3.4B | $14.58 | $19.00 | +30.3% | Buy | 105.6x | 28 |
 NXRTNexPoint Residential Trust, Inc. | $527M | $20.74 | $24.50 | +18.1% | Hold | — | 11 |
 BRTBRT Apartments Corp. | $261M | $13.84 | $21.00 | +51.7% | Buy | — | 5 |
 EQREquity Residential | $25.5B | $68.14 | $72.30 | +6.1% | Hold | 46.8x | 46 |
 AVBAvalonBay Communities, Inc. | $9.7B | $68.14 | $198.83 | +191.8% | Hold | 11.3x | 42 |
 ESSEssex Property Trust, Inc. | $17.6B | $273.47 | $303.70 | +11.1% | Hold | 48.6x | 47 |
 MAAMid-America Apartment Communities, Inc. | $13.7B | $117.78 | $137.64 | +16.9% | Buy | 31.9x | 37 |
 CPTCamden Property Trust | $9.8B | $97.68 | $114.17 | +16.9% | Hold | 85.7x | 41 |
Quick answers to the most common questions about buying ELME stock.
The consensus Wall Street price target for ELME is $19, representing 1011.1% upside from the current price of $1.71. With 8 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
ELME has a consensus rating of "Hold" based on 8 Wall Street analysts. The rating breakdown is mixed, with 7 Hold ratings making up the largest segment. The consensus 12-month price target of $19 implies 1011.1% upside from current levels.
ELME's current price is $1.71 with a consensus target of $19 (1011.1% implied move). Analyst estimates suggest the stock is undervalued at current levels.
The most bullish Wall Street analyst has a price target of $19 for ELME, while the most conservative target is $19. The consensus of $19 represents the median expectation. These targets typically reflect 12-month expectations.
ELME is moderately covered, with 8 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 1 have Buy ratings, 7 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month ELME stock forecast based on 8 Wall Street analysts shows a consensus price target of $19, with estimates ranging from $19 (bear case) to $19 (bull case). The median consensus rating is "Hold".
Wall Street analysts are very optimistic on ELME, with a "Hold" consensus rating and $19 price target (1011.1% upside). 1 of 8 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
ELME analyst price targets range from $19 to $19, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $19 consensus represents the middle ground.
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