Jump Financial LLC Has $1.24 Million Holdings in Elme Communities (NYSE:ELME)

Jump Financial LLC boosted its holdings in Elme Communities (NYSE:ELME - Free Report) by 85.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,033 shares of the company's stock after acquiring an additional 37,252 shares during the period. Jump Financial LLC owned 0.09% of Elme Communities worth $1,237,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ELME. Renaissance Technologies LLC increased its holdings in shares of Elme Communities by 38.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,461,007 shares of the company's stock valued at $22,310,000 after purchasing an additional 407,607 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Elme Communities by 97.0% in the fourth quarter. JPMorgan Chase & Co. now owns 814,233 shares of the company's stock valued at $12,433,000 after purchasing an additional 400,834 shares in the last quarter. Norges Bank acquired a new stake in Elme Communities during the 4th quarter valued at $2,750,000. Barclays PLC increased its position in Elme Communities by 64.9% during the 3rd quarter. Barclays PLC now owns 177,438 shares of the company's stock worth $3,121,000 after purchasing an additional 69,835 shares in the last quarter. Finally, ExodusPoint Capital Management LP raised its position in shares of Elme Communities by 108.2% in the fourth quarter. ExodusPoint Capital Management LP now owns 132,414 shares of the company's stock valued at $2,022,000 after buying an additional 68,823 shares during the last quarter. 87.88% of the stock is owned by institutional investors and hedge funds.

Elme Communities Stock Down 0.4 %

Shares of NYSE:ELME traded down $0.06 during trading on Friday, reaching $15.57. 615,559 shares of the company traded hands, compared to its average volume of 580,089. Elme Communities has a 1-year low of $13.95 and a 1-year high of $18.49. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.65. The firm has a market cap of $1.37 billion, a P/E ratio of -111.21 and a beta of 0.84. The firm has a fifty day simple moving average of $16.49 and a 200 day simple moving average of $16.17.

Elme Communities (NYSE:ELME - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.26. Elme Communities had a negative return on equity of 1.18% and a negative net margin of 5.42%. Analysts anticipate that Elme Communities will post 0.94 earnings per share for the current fiscal year.

Elme Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.62%. The ex-dividend date was Wednesday, March 19th. Elme Communities's dividend payout ratio is -514.29%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ELME shares. Truist Financial upgraded Elme Communities from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Wells Fargo & Company upped their target price on shares of Elme Communities from $17.00 to $19.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 20th.

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.