2 weeks Ago By ABMN Staff
Vanguard Group Inc. reduced its position in Elme Communities ( NYSE:ELME – Free Report ) by 1.5% during the fourth quarter, according to its most recent 13F filing with the SEC.
The firm owned 13,758,979 shares of the company’s stock after selling 205,828 shares during the period. Vanguard Group Inc. owned 0.
16% of Elme Communities worth $210,100,000 as of its most recent SEC filing. Several other institutional investors have also added to or reduced their stakes in the business. Point72 Asia Singapore Pte.
Ltd. purchased a new position in shares of Elme Communities in the third quarter worth about $86,000. Metis Global Partners LLC bought a new position in Elme Communities in the 4th quarter worth approximately $154,000.
Meridian Wealth Management LLC purchased a new position in Elme Communities in the 4th quarter valued at approximately $171,000. M&T Bank Corp raised its holdings in Elme Communities by 9.5% during the 3rd quarter.
M&T Bank Corp now owns 11,525 shares of the company’s stock valued at $203,000 after acquiring an additional 1,000 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Elme Communities during the fourth quarter worth $180,000. 87.
88% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Several equities analysts have recently weighed in on the company. Wells Fargo & Company lifted their price target on Elme Communities from $17.
00 to $19.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. JPMorgan Chase & Co.
downgraded Elme Communities from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $19.00 to $18.00 in a research note on Tuesday, December 17th.
Finally, Truist Financial upgraded Elme Communities from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Elme Communities Trading Down 4.2 % Elme Communities stock opened at $15.
96 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.
55 and a current ratio of 0.58. Elme Communities has a fifty-two week low of $14.
20 and a fifty-two week high of $18.49. The stock has a market cap of $1.
41 billion, a P/E ratio of -114.02 and a beta of 0.84.
The firm’s fifty day moving average price is $16.63 and its 200-day moving average price is $16.42.
Elme Communities ( NYSE:ELME – Get Free Report ) last announced 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 earnings per share for the current fiscal year. Elme Communities Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th were given a dividend of $0.
18 per share. The ex-dividend date was Wednesday, March 19th. This represents a $0.
72 annualized dividend and a yield of 4.51%. Elme Communities’s payout ratio is presently -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.
Recommended Stories 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 ). Receive News & Ratings for Elme Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elme Communities and related companies with MarketBeat.
com's FREE daily email newsletter ..
