Public Sector Pension Investment Board Has $4.86 Million Stock Holdings in Elme Communities $ELME

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

A number of other hedge funds and other institutional investors have also made changes to their positions in ELME. Wells Fargo & Company MN raised its holdings in shares of Elme Communities by 22.3% in the 4th quarter. Wells Fargo & Company MN now owns 72,376 shares of the company's stock worth $1,105,000 after purchasing an additional 13,173 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Elme Communities by 3.8% in the 4th quarter. Invesco Ltd. now owns 656,910 shares of the company's stock worth $10,031,000 after purchasing an additional 23,829 shares in the last quarter. Sterling Capital Management LLC raised its holdings 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 worth $43,000 after purchasing an additional 2,511 shares in the last quarter. Barclays PLC increased its position in shares of Elme Communities by 5.0% in the fourth quarter. Barclays PLC now owns 186,366 shares of the company's stock worth $2,846,000 after acquiring an additional 8,928 shares in the last quarter. Finally, Jump Financial LLC raised its holdings in shares of Elme Communities by 85.1% during the fourth quarter. Jump Financial LLC now owns 81,033 shares of the company's stock valued at $1,237,000 after acquiring an additional 37,252 shares during the period. 87.88% of the stock is currently owned by institutional investors.

Elme Communities Trading Up 1.5%

Shares of NYSE:ELME traded up $0.2570 during mid-day trading on Friday, hitting $17.0270. The stock had a trading volume of 549,164 shares, compared to its average volume of 732,663. Elme Communities has a 12-month low of $13.95 and a 12-month high of $18.49. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market cap of $1.50 billion, a PE ratio of -113.56 and a beta of 0.98. The company's 50 day moving average is $16.17 and its 200-day moving average is $16.22.

Elme Communities (NYSE:ELME - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. The company had revenue of $62.10 million during the quarter, compared to analyst estimates of $61.63 million. Elme Communities had a negative return on equity of 1.33% and a negative net margin of 5.78%.The company's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 earnings per share. On average, sell-side analysts predict that Elme Communities will post 0.94 EPS for the current year.

Elme Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Wednesday, September 17th will be paid a $0.18 dividend. The ex-dividend date is Wednesday, September 17th. This represents a $0.72 dividend on an annualized basis and a yield of 4.2%. 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.