Elme Communities (NYSE:ELME) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its holdings in shares of Elme Communities (NYSE:ELME - Free Report) by 91.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,311 shares of the company's stock after buying an additional 26,369 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Elme Communities worth $962,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sterling Capital Management LLC increased its holdings 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 buying an additional 2,511 shares during the period. NewEdge Advisors LLC grew its holdings in Elme Communities by 6,041.7% in the fourth quarter. NewEdge Advisors LLC now owns 10,748 shares of the company's stock worth $164,000 after purchasing an additional 10,573 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Elme Communities in the fourth quarter worth $180,000. Tudor Investment Corp ET AL purchased a new position in Elme Communities in the fourth quarter worth $205,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Elme Communities in the fourth quarter worth $253,000. 87.88% of the stock is owned by hedge funds and other institutional investors.

Elme Communities Stock Down 1.7%

NYSE ELME traded down $0.27 on Monday, hitting $15.66. The stock had a trading volume of 522,552 shares, compared to its average volume of 575,960. The business's fifty day moving average price is $16.08 and its 200 day moving average price is $16.06. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.68 and a quick ratio of 0.68. Elme Communities has a 52-week low of $13.95 and a 52-week high of $18.49. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -104.39 and a beta of 0.97.

Elme Communities (NYSE:ELME - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $61.49 million for the quarter, compared to analyst estimates of $61.31 million. During the same period in the previous year, the company earned $0.23 earnings per share. The business's revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts anticipate that Elme Communities will post 0.94 earnings per share for the current year.

Elme Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Tuesday, June 17th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Tuesday, June 17th. Elme Communities's dividend 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.