Deutsche Bank AG Reduces Holdings in Elme Communities (NYSE:ELME)

Deutsche Bank AG decreased its holdings in Elme Communities (NYSE:ELME - Free Report) by 48.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 115,504 shares of the company's stock after selling 107,485 shares during the period. Deutsche Bank AG owned approximately 0.13% of Elme Communities worth $1,764,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hunter Perkins Capital Management LLC grew its stake in shares of Elme Communities by 3.9% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 23,215 shares of the company's stock worth $354,000 after purchasing an additional 875 shares during the last quarter. M&T Bank Corp grew its position in shares of Elme Communities by 10.1% in the 4th quarter. M&T Bank Corp now owns 12,691 shares of the company's stock valued at $194,000 after buying an additional 1,166 shares during the last quarter. American Century Companies Inc. boosted its holdings in Elme Communities by 3.5% in the fourth quarter. American Century Companies Inc. now owns 35,202 shares of the company's stock valued at $538,000 after acquiring an additional 1,193 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Elme Communities by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 16,669 shares of the company's stock valued at $255,000 after acquiring an additional 1,544 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Elme Communities by 817.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,818 shares of the company's stock valued at $43,000 after acquiring an additional 2,511 shares during the last quarter. 87.88% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped their price objective on shares of Elme Communities from $17.00 to $19.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th.

Elme Communities Stock Down 0.0%

NYSE ELME traded down $0.00 on Wednesday, hitting $15.92. 288,383 shares of the company were exchanged, compared to its average volume of 578,055. The company has a market cap of $1.40 billion, a PE ratio of -113.79 and a beta of 0.96. The stock has a fifty day moving average of $15.93 and a 200-day moving average of $15.99. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65. Elme Communities has a 12 month low of $13.95 and a 12 month high of $18.49.

Elme Communities (NYSE:ELME - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. Elme Communities had a negative return on equity of 1.18% and a negative net margin of 5.42%. The company had revenue of $61.49 million for the quarter, compared to analysts' expectations of $61.31 million. During the same period last year, the business earned $0.23 EPS. Elme Communities's quarterly revenue was up 3.3% compared to the same quarter last year. As a group, analysts forecast that Elme Communities will post 0.94 earnings per share for the current year.

Elme Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Tuesday, June 17th will be issued 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 yield of 4.52%. Elme Communities's dividend payout ratio (DPR) is currently -480.00%.

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.