Vanderbilt University Invests $985,000 in Elme Communities (NYSE:ELME)

Vanderbilt University acquired a new stake in Elme Communities (NYSE:ELME - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 56,585 shares of the company's stock, valued at approximately $985,000. Vanderbilt University owned 0.06% of Elme Communities as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Exchange Traded Concepts LLC bought a new stake in Elme Communities in the first quarter valued at approximately $1,829,000. SG Americas Securities LLC raised its stake in Elme Communities by 5.3% in the first quarter. SG Americas Securities LLC now owns 23,573 shares of the company's stock valued at $410,000 after buying an additional 1,193 shares during the period. GAMMA Investing LLC raised its stake in Elme Communities by 1,505.2% in the first quarter. GAMMA Investing LLC now owns 53,888 shares of the company's stock valued at $938,000 after buying an additional 50,531 shares during the period. Yoffe Investment Management LLC bought a new stake in Elme Communities in the fourth quarter valued at approximately $331,000. Finally, Two Sigma Advisers LP raised its stake in Elme Communities by 60.2% in the fourth quarter. Two Sigma Advisers LP now owns 404,700 shares of the company's stock valued at $6,180,000 after buying an additional 152,100 shares during the period. Institutional investors own 87.88% of the company's stock.

Elme Communities Stock Performance

Shares of NYSE ELME traded up $0.21 during trading hours on Monday, reaching $16.01. 766,086 shares of the stock were exchanged, compared to its average volume of 577,821. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -106.75 and a beta of 0.98. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.68 and a current ratio of 0.68. Elme Communities has a 52 week low of $13.95 and a 52 week high of $18.49. The stock's fifty day simple moving average is $15.90 and its 200 day simple moving average is $15.93.

Elme Communities (NYSE:ELME - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The company had revenue of $61.49 million for the quarter, compared to analyst estimates of $61.31 million. Elme Communities had a negative return on equity of 1.30% and a negative net margin of 5.79%. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. Sell-side analysts predict that Elme Communities will post 0.94 EPS for the current year.

Elme Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.50%. Elme Communities's dividend payout ratio (DPR) is currently -480.00%.

About Elme Communities

Elme Communities is committed to elevating what home can be for middle-income renters by providing a higher level of quality, service, and experience. The Company is a multifamily real estate investment trust that owns and operates approximately 9,400 apartment homes in the Washington, DC metro and the Atlanta metro regions, and owns approximately 300,000 square feet of commercial space.