Deutsche Bank AG Acquires 265,681 Shares of Elme Communities $ELME

Key Points

• Deutsche Bank AG increased its holdings in Elme Communities by 230.0% during the 1st quarter, owning approximately 0.43% of the company worth $6,633,000.
• Elme Communities announced a quarterly dividend of $0.18 per share, resulting in an annualized dividend yield of 4.3%, despite a negative payout ratio.
• In its latest earnings report, Elme Communities posted an EPS of $0.24, surpassing estimates, with revenue of $62.10 million for the quarter.

Deutsche Bank AG increased its position in shares of Elme Communities (NYSE:ELME - Free Report) by 230.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 381,185 shares of the company's stock after acquiring an additional 265,681 shares during the quarter. Deutsche Bank AG owned 0.43% of Elme Communities worth $6,633,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in shares of Elme Communities by 12.9% during the first quarter. PNC Financial Services Group Inc. now owns 10,201 shares of the company's stock valued at $177,000 after acquiring an additional 1,164 shares during the period. SG Americas Securities LLC grew its position in Elme Communities by 5.3% during the first quarter. SG Americas Securities LLC now owns 23,573 shares of the company's stock valued at $410,000 after purchasing an additional 1,193 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Elme Communities by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,043 shares of the company's stock valued at $764,000 after purchasing an additional 1,710 shares in the last quarter. Sterling Capital Management LLC grew its position in Elme Communities by 817.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,818 shares of the company's stock valued at $43,000 after purchasing an additional 2,511 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in Elme Communities by 7.8% during the fourth quarter. MetLife Investment Management LLC now owns 56,023 shares of the company's stock valued at $855,000 after purchasing an additional 4,072 shares in the last quarter. Institutional investors and hedge funds own 87.88% of the company's stock.

Elme Communities Stock Down 0.4%

ELME traded down $0.0730 on Thursday, reaching $16.7870. 925,812 shares of the company traded hands, compared to its average volume of 1,384,712. The stock's 50 day moving average price is $16.17 and its 200-day moving average price is $16.22. Elme Communities has a 52-week low of $13.95 and a 52-week high of $18.49. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -111.91 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.51 and a quick ratio of 0.51.

Elme Communities (NYSE:ELME - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. Elme Communities had a negative net margin of 5.78% and a negative return on equity of 1.33%. The firm had revenue of $62.10 million for the quarter, compared to the consensus estimate of $61.63 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The firm's revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts expect that Elme Communities will post 0.94 EPS for the current fiscal year.

Elme Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Wednesday, September 17th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 17th. Elme Communities's payout ratio is currently -480.00%.

Elme Communities Company 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.