2 weeks Ago By Defense World Staff
Vanguard Group Inc. reduced its position in Elme Communities (NYSE:ELME – Free Report) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission.
The institutional investor owned 13,758,979 shares of the company’s stock after selling 205,828 shares during the period. Vanguard Group Inc. owned approximately 15.
63% of Elme Communities worth $210,100,000 at the end of the most recent quarter. Other hedge funds have also bought and sold shares of the company. Point72 Asia Singapore Pte.
Ltd. bought a new position in shares of Elme Communities in the third quarter valued at $86,000. Metis Global Partners LLC bought a new position in Elme Communities in the 4th quarter valued at about $154,000.
Meridian Wealth Management LLC acquired a new position in Elme Communities during the 4th quarter valued at about $171,000. Proficio Capital Partners LLC bought a new stake in Elme Communities during the 4th quarter worth approximately $180,000. Finally, M&T Bank Corp raised its stake in shares of Elme Communities by 10.
1% in the fourth quarter. M&T Bank Corp now owns 12,691 shares of the company’s stock worth $194,000 after purchasing an additional 1,166 shares during the last quarter. Institutional investors and hedge funds own 87.
88% of the company’s stock. Elme Communities Stock PerformanceELME stock opened at $15.96 on Friday.
The business has a 50 day moving average of $16.63 and a 200-day moving average of $16.42.
The firm has a market cap of $1.41 billion, a PE ratio of -114.02 and a beta of 0.
84. Elme Communities has a 12-month low of $14.20 and a 12-month 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. Elme Communities (NYSE:ELME – Get Free Report) last announced its earnings results on Thursday, February 13th.
The company reported $0.23 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts expect that Elme Communities will post 0.94 earnings per share for the current year.
Elme Communities Announces DividendThe business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were given a dividend of $0.18 per share.
This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.51%.
The ex-dividend date of this dividend was Wednesday, March 19th. Elme Communities’s dividend payout ratio is currently -514.29%.
Wall Street Analyst Weigh InSeveral brokerages recently issued reports on ELME. Truist Financial raised Elme Communities from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Wells Fargo & Company raised their price objective on Elme Communities from $17.
00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co.
lowered shares of Elme Communities from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $19.00 to $18.00 in a research note on Tuesday, December 17th.
Check Out Our Latest Stock Report on ELMEElme Communities Company 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.Recommended StoriesFive stocks we like better than Elme CommunitiesBreakout Stocks: What They Are and How to Identify ThemConagra Stock Could Thrive as Tariffs Hit Other SectorsStock Analyst Ratings and Canadian Analyst RatingsGrocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey FindsDiversification Can Smooth Returns And Mitigate Portfolio RiskSpotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?Want to see what other hedge funds are holding ELME? Visit HoldingsChannel.
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