HighTower Advisors LLC acquired a new stake in Elme Communities (NYSE:ELME - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 30,450 shares of the company's stock, valued at approximately $530,000.
Several other large investors have also recently bought and sold shares of ELME. NewEdge Advisors LLC increased its stake in Elme Communities by 6,041.7% during the 4th quarter. NewEdge Advisors LLC now owns 10,748 shares of the company's stock valued at $164,000 after buying an additional 10,573 shares during the period. First Trust Advisors LP increased its stake in Elme Communities by 223.7% during the 4th quarter. First Trust Advisors LP now owns 160,059 shares of the company's stock valued at $2,444,000 after buying an additional 110,615 shares during the period. MetLife Investment Management LLC grew its stake in shares of Elme Communities by 7.8% in the 4th quarter. MetLife Investment Management LLC now owns 56,023 shares of the company's stock worth $855,000 after purchasing an additional 4,072 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of Elme Communities by 12.0% in the 4th quarter. Hsbc Holdings PLC now owns 82,368 shares of the company's stock worth $1,254,000 after purchasing an additional 8,810 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Elme Communities by 9.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 74,379 shares of the company's stock worth $1,136,000 after purchasing an additional 6,582 shares during the last quarter. Institutional investors and hedge funds own 87.88% of the company's stock.
Elme Communities Price Performance
Shares of ELME traded down $0.02 during mid-day trading on Thursday, hitting $17.04. The company's stock had a trading volume of 81,292 shares, compared to its average volume of 742,542. The firm has a 50-day moving average price of $16.36 and a 200 day moving average price of $16.31. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of -113.57 and a beta of 1.02. 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 has a fifty-two week low of $13.95 and a fifty-two week high of $18.49.
Elme Communities (NYSE:ELME - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The company had revenue of $62.10 million for the quarter, compared to analysts' expectations of $61.63 million. Elme Communities had a negative net margin of 5.78% and a negative return on equity of 1.33%. The business's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. On average, research analysts predict that Elme Communities will post 0.94 EPS for the current fiscal year.
Elme Communities Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Wednesday, September 17th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 17th. Elme Communities's dividend payout ratio (DPR) is -480.00%.
Elme Communities Profile
(
Free Report)
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.
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