Fox Run Management L.L.C. Has $748,000 Stock Position in Elme Communities $ELME

Key Points

• Fox Run Management L.L.C. has increased its investment in Elme Communities, acquiring an additional 19,103 shares and holding a total of 42,984 shares now valued at $748,000.
• In the most recent quarter, Elme Communities reported earnings of $0.24 per share, surpassing expectations, with revenues totaling $62.10 million.
• The company has announced a quarterly dividend of $0.18, resulting in a 4.3% dividend yield, with the ex-dividend date set for September 17th.

Fox Run Management L.L.C. boosted its holdings in Elme Communities (NYSE:ELME - Free Report) by 80.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,984 shares of the company's stock after purchasing an additional 19,103 shares during the quarter. Fox Run Management L.L.C.'s holdings in Elme Communities were worth $748,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in shares of Elme Communities by 12.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,201 shares of the company's stock worth $177,000 after purchasing an additional 1,164 shares in the last quarter. SG Americas Securities LLC grew its stake in Elme Communities by 5.3% during the first quarter. SG Americas Securities LLC now owns 23,573 shares of the company's stock worth $410,000 after buying an additional 1,193 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Elme Communities by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,043 shares of the company's stock valued at $764,000 after buying an additional 1,710 shares during the period. Sterling Capital Management LLC raised its position in shares of Elme Communities by 817.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,818 shares of the company's stock valued at $43,000 after buying an additional 2,511 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Elme Communities by 5.5% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,118 shares of the company's stock worth $1,063,000 after acquiring an additional 3,177 shares during the period. Institutional investors own 87.88% of the company's stock.

Elme Communities Price Performance

Shares of NYSE ELME traded up $0.2350 during trading hours on Friday, hitting $17.0050. 688,828 shares of the stock were exchanged, compared to its average volume of 733,507. The company's fifty day simple moving average is $16.17 and its two-hundred day simple moving average is $16.22. The company has a market cap of $1.50 billion, a PE ratio of -113.49 and a beta of 0.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.51 and a current ratio of 0.51. Elme Communities has a 1-year low of $13.95 and a 1-year high of $18.49.

Elme Communities (NYSE:ELME - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. Elme Communities had a negative return on equity of 1.33% and a negative net margin of 5.78%.The firm had revenue of $62.10 million during the quarter, compared to analysts' expectations of $61.63 million. During the same period in the prior year, the company earned $0.23 earnings per share. The company's quarterly revenue was up 3.3% on a year-over-year basis. On average, sell-side analysts predict that Elme Communities will post 0.94 EPS for the current 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 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, September 17th. Elme Communities's payout ratio 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.