1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership boosted its holdings in shares of Elme Communities ( NYSE:ELME – Free Report ) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 383,909 shares of the company’s stock after buying an additional 25,185 shares during the quarter.
Arrowstreet Capital Limited Partnership owned about 0.44% of Elme Communities worth $5,862,000 at the end of the most recent quarter. Several other institutional investors also recently bought and sold shares of ELME.
Geode Capital Management LLC increased its holdings in shares of Elme Communities by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,234,902 shares of the company’s stock valued at $39,319,000 after acquiring an additional 12,999 shares during the last quarter.
Allspring Global Investments Holdings LLC raised its position in shares of Elme Communities by 0.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,143,320 shares of the company’s stock valued at $32,321,000 after purchasing an additional 18,965 shares during the period.
William Blair Investment Management LLC lifted its stake in shares of Elme Communities by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,934,863 shares of the company’s stock worth $29,545,000 after buying an additional 46,755 shares during the last quarter.
Charles Schwab Investment Management Inc. boosted its holdings in shares of Elme Communities by 0.6% during the 4th quarter.
Charles Schwab Investment Management Inc. now owns 1,730,227 shares of the company’s stock worth $26,421,000 after buying an additional 11,015 shares during the period. Finally, JPMorgan Chase & Co.
grew its stake in Elme Communities by 97.0% in the 4th quarter. JPMorgan Chase & Co.
now owns 814,233 shares of the company’s stock valued at $12,433,000 after buying an additional 400,834 shares during the last quarter. 87.88% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth A number of research analysts have weighed in on ELME shares. Truist Financial raised shares of Elme Communities from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co.
cut Elme Communities from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $19.00 to $18.00 in a research report on Tuesday, December 17th.
Finally, Wells Fargo & Company raised their target price on Elme Communities from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th.
Elme Communities Stock Performance NYSE ELME opened at $15.38 on Tuesday. The company’s fifty day moving average is $16.
64 and its two-hundred day moving average is $16.39. Elme Communities has a 52-week low of $14.
20 and a 52-week high of $18.49. The company has a debt-to-equity ratio of 0.
65, a current ratio of 0.58 and a quick ratio of 0.55.
The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -109.82 and a beta of 0.
84. Elme Communities ( NYSE:ELME – Get Free Report ) last released its earnings results on Thursday, February 13th. The company reported $0.
23 earnings per share for the quarter, topping analysts’ consensus estimates 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%.
Equities research analysts forecast that Elme Communities will post 0.94 EPS for the current year. Elme Communities Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd.
Investors of record on Wednesday, March 19th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, March 19th.
This represents a $0.72 annualized dividend and a yield of 4.68%.
Elme Communities’s dividend payout ratio (DPR) is currently -514.29%. Elme Communities Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding ELME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Elme Communities ( NYSE:ELME – Free Report ).
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