Hunter Perkins Capital Management LLC Has $1.10 Million Holdings in Elme Communities (NYSE:ELME)

Hunter Perkins Capital Management LLC grew its position in Elme Communities (NYSE:ELME - Free Report) by 173.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,410 shares of the company's stock after purchasing an additional 40,195 shares during the quarter. Hunter Perkins Capital Management LLC owned about 0.07% of Elme Communities worth $1,103,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in Elme Communities by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 426,802 shares of the company's stock worth $6,517,000 after purchasing an additional 11,930 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Elme Communities in the 4th quarter valued at $588,000. Bank of New York Mellon Corp increased its stake in shares of Elme Communities by 8.2% in the 4th quarter. Bank of New York Mellon Corp now owns 760,381 shares of the company's stock valued at $11,611,000 after purchasing an additional 57,563 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in Elme Communities by 6.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 48,031 shares of the company's stock valued at $733,000 after acquiring an additional 2,911 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Elme Communities in the fourth quarter valued at about $180,000. Institutional investors own 87.88% of the company's stock.

Elme Communities Trading Up 2.2%

ELME opened at $16.00 on Friday. The company has a market cap of $1.41 billion, a P/E ratio of -106.63 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 company's 50 day moving average is $15.93 and its 200-day moving average is $15.92. 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 posted its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. Elme Communities had a negative net margin of 5.79% and a negative return on equity of 1.30%. The firm had revenue of $61.49 million for the quarter, compared to analysts' expectations of $61.31 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The company's revenue was up 3.3% on a year-over-year basis. Equities research analysts predict that Elme Communities will post 0.94 earnings per share for the current fiscal year.

Elme Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Tuesday, June 17th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.50%. Elme Communities's dividend payout ratio (DPR) is presently -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.

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