EntryPoint Capital LLC Invests $286,000 in Elme Communities (NYSE:ELME)

EntryPoint Capital LLC acquired a new position in Elme Communities (NYSE:ELME - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,712 shares of the company's stock, valued at approximately $286,000.

Several other large investors also recently made changes to their positions in the business. Hunter Perkins Capital Management LLC boosted its position in Elme Communities by 3.9% during the 4th quarter. Hunter Perkins Capital Management LLC now owns 23,215 shares of the company's stock worth $354,000 after purchasing an additional 875 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Elme Communities by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 127,260 shares of the company's stock worth $2,239,000 after purchasing an additional 954 shares in the last quarter. M&T Bank Corp boosted its position in shares of Elme Communities by 9.5% in the third quarter. M&T Bank Corp now owns 11,525 shares of the company's stock worth $203,000 after buying an additional 1,000 shares during the period. American Century Companies Inc. grew its stake in shares of Elme Communities by 3.5% in the fourth quarter. American Century Companies Inc. now owns 35,202 shares of the company's stock valued at $538,000 after buying an additional 1,193 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Elme Communities by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 16,669 shares of the company's stock valued at $255,000 after buying an additional 1,544 shares during the period. Institutional investors and hedge funds own 87.88% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on ELME shares. Wells Fargo & Company upped their price target on Elme Communities from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. downgraded shares of Elme Communities from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $19.00 to $18.00 in a research note on Tuesday, December 17th. Finally, Truist Financial raised shares of Elme Communities from a "hold" rating to a "buy" rating in a research note on Friday, January 17th.

Elme Communities Stock Down 1.2 %

NYSE ELME traded down $0.21 during mid-day trading on Tuesday, reaching $17.19. 542,700 shares of the company's stock traded hands, compared to its average volume of 596,768. The company has a current ratio of 0.58, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65. Elme Communities has a 1-year low of $13.30 and a 1-year high of $18.49. The company has a fifty day simple moving average of $16.52 and a 200-day simple moving average of $16.44. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -122.76 and a beta of 0.86.

Elme Communities (NYSE:ELME - Get Free Report) last released its quarterly 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 net margin of 5.42% and a negative return on equity of 1.18%. As a group, equities research analysts expect that Elme Communities will post 0.94 EPS for the current year.

Elme Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Wednesday, March 19th. Elme Communities's payout ratio is currently -514.29%.

Elme Communities Profile

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.