64,656 Shares in Elme Communities (NYSE:ELME) Purchased 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 stake in Elme Communities (NYSE:ELME - Free Report) during 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 approximately 0.07% of Elme Communities at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ELME. Argosy Lionbridge Management LLC acquired a new position in Elme Communities in the 4th quarter valued at approximately $25,275,000. Northern Trust Corp lifted its stake in shares of Elme Communities by 54.9% during the fourth quarter. Northern Trust Corp now owns 1,510,239 shares of the company's stock valued at $23,061,000 after acquiring an additional 535,440 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Elme Communities by 38.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,461,007 shares of the company's stock valued at $22,310,000 after acquiring an additional 407,607 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Elme Communities by 34.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 899,141 shares of the company's stock valued at $13,730,000 after acquiring an additional 228,419 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Elme Communities by 97.0% during the fourth quarter. JPMorgan Chase & Co. now owns 814,233 shares of the company's stock valued at $12,433,000 after acquiring an additional 400,834 shares during the period. Hedge funds and other institutional investors own 87.88% of the company's stock.

Elme Communities Trading Down 0.7%

Shares of NYSE:ELME traded down $0.12 during midday trading on Wednesday, hitting $16.29. The company had a trading volume of 2,392,503 shares, compared to its average volume of 697,725. Elme Communities has a 12 month low of $13.95 and a 12 month high of $18.49. 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 stock has a market cap of $1.44 billion, a price-to-earnings ratio of -108.56 and a beta of 0.98. The firm has a fifty day simple moving average of $16.07 and a 200 day simple moving average of $16.09.

Elme Communities (NYSE:ELME - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. Elme Communities had a negative return on equity of 1.30% and a negative net margin of 5.79%. The business had revenue of $62.10 million for the quarter, compared to the consensus estimate of $61.63 million. During the same quarter last year, the business posted $0.23 EPS. The firm's revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Elme Communities will post 0.94 EPS for the current year.

Elme Communities Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Wednesday, September 17th will be given 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 4.4%. Elme Communities's payout ratio is currently -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.