64,656 Shares in Elme Communities (NYSE:ELME) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Elme Communities, purchasing 64,656 shares valued at approximately $1,125,000, representing 0.07% of the company.
• Elme Communities reported a quarterly EPS of $0.24, slightly exceeding the consensus estimate of $0.23, along with revenue of $61.49 million, marking a 3.3% year-over-year increase.
• The company's stock has seen fluctuations, with a one-year low of $13.95 and a high of $18.49, while institutional investors own 87.88% of the stock.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Elme Communities (NYSE:ELME - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 64,656 shares of the company's stock, valued at approximately $1,125,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of Elme Communities at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ELME. Allianz Asset Management GmbH acquired a new position in shares of Elme Communities in the first quarter valued at approximately $924,000. Verdence Capital Advisors LLC raised its position in shares of Elme Communities by 36.8% in the first quarter. Verdence Capital Advisors LLC now owns 22,124 shares of the company's stock valued at $385,000 after buying an additional 5,947 shares during the last quarter. Hughes Financial Services LLC acquired a new position in shares of Elme Communities in the first quarter valued at approximately $81,000. New York State Common Retirement Fund raised its position in shares of Elme Communities by 91.1% in the first quarter. New York State Common Retirement Fund now owns 55,311 shares of the company's stock valued at $962,000 after buying an additional 26,369 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Elme Communities by 2.7% in the first quarter. Principal Financial Group Inc. now owns 438,383 shares of the company's stock valued at $7,628,000 after buying an additional 11,581 shares during the last quarter. Institutional investors and hedge funds own 87.88% of the company's stock.

Elme Communities Trading Up 0.2%

Shares of NYSE:ELME traded up $0.03 during trading on Friday, reaching $15.11. The stock had a trading volume of 810,706 shares, compared to its average volume of 645,109. The business has a fifty day moving average price of $16.05 and a 200-day moving average price of $16.08. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.66. The stock has a market cap of $1.33 billion, a P/E ratio of -100.73 and a beta of 0.98. 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 posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.01. The business had revenue of $61.49 million during the quarter, compared to analyst estimates of $61.31 million. Elme Communities had a negative net margin of 5.79% and a negative return on equity of 1.30%. The company's revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share. As a group, analysts anticipate that Elme Communities will post 0.94 earnings per share for the current fiscal year.

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.