53,093 Shares in Elme Communities (NYSE:ELME) Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH acquired a new stake in Elme Communities (NYSE:ELME - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 53,093 shares of the company's stock, valued at approximately $924,000. Allianz Asset Management GmbH owned about 0.06% of Elme Communities at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings 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 purchasing an additional 50,531 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Elme Communities by 97.0% during the fourth quarter. JPMorgan Chase & Co. now owns 814,233 shares of the company's stock worth $12,433,000 after purchasing an additional 400,834 shares during the period. Centersquare Investment Management LLC raised its position in shares of Elme Communities by 105.6% during the fourth quarter. Centersquare Investment Management LLC now owns 109,800 shares of the company's stock worth $1,677,000 after purchasing an additional 56,400 shares during the period. Bank of America Corp DE raised its position in shares of Elme Communities by 14.4% during the fourth quarter. Bank of America Corp DE now owns 360,951 shares of the company's stock worth $5,512,000 after purchasing an additional 45,509 shares during the period. Finally, Two Sigma Investments LP raised its position in shares of Elme Communities by 8.4% during the fourth quarter. Two Sigma Investments LP now owns 323,154 shares of the company's stock worth $4,935,000 after purchasing an additional 25,003 shares during the period. Institutional investors own 87.88% of the company's stock.

Elme Communities Stock Up 0.2%

Shares of NYSE ELME traded up $0.03 during mid-day trading on Friday, reaching $15.11. 810,706 shares of the company's stock were exchanged, compared to its average volume of 604,574. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -100.73 and a beta of 0.98. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $16.05 and a 200 day simple moving average of $16.06. Elme Communities has a twelve month low of $13.95 and a twelve month high of $18.49.

Elme Communities (NYSE:ELME - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS 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%. Elme Communities's revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. As a group, equities analysts expect that Elme Communities will post 0.94 EPS for the current fiscal year.

Elme Communities Profile

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.