Public Sector Pension Investment Board Acquires 59,858 Shares of Elme Communities $ELME

Public Sector Pension Investment Board increased its position in shares of Elme Communities (NYSE:ELME - Free Report) by 27.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 279,126 shares of the company's stock after acquiring an additional 59,858 shares during the period. Public Sector Pension Investment Board owned about 0.32% of Elme Communities worth $4,857,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its stake in shares of Elme Communities by 12.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,201 shares of the company's stock valued at $177,000 after acquiring an additional 1,164 shares in the last quarter. SG Americas Securities LLC raised its holdings in Elme Communities by 5.3% during the 1st quarter. SG Americas Securities LLC now owns 23,573 shares of the company's stock valued at $410,000 after acquiring an additional 1,193 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 purchasing an additional 1,710 shares during the period. Sterling Capital Management LLC boosted its holdings in 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 purchasing an additional 2,511 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Elme Communities by 5.5% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 61,118 shares of the company's stock valued at $1,063,000 after purchasing an additional 3,177 shares during the period. 87.88% of the stock is currently owned by institutional investors and hedge funds.

Elme Communities Price Performance

NYSE:ELME traded down $0.0150 during trading hours on Wednesday, hitting $16.8650. The stock had a trading volume of 902,978 shares, compared to its average volume of 733,073. The company has a 50 day simple moving average of $16.16 and a two-hundred day simple moving average of $16.21. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of -112.43 and a beta of 0.98. Elme Communities has a one year low of $13.95 and a one year high of $18.49. 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 (NYSE:ELME - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.01. The firm had revenue of $62.10 million for the quarter, compared to analyst estimates 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 for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.23 EPS. Research analysts forecast that Elme Communities will post 0.94 earnings per share for the current fiscal year.

Elme Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Wednesday, September 17th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.3%. Elme Communities's dividend payout ratio is presently -480.00%.

About Elme Communities

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.