Elme Communities (NYSE:ELME) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in Elme Communities (NYSE:ELME - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,143,320 shares of the company's stock after acquiring an additional 18,965 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.44% of Elme Communities worth $32,321,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ELME. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Elme Communities by 466.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 654,403 shares of the company's stock worth $11,511,000 after acquiring an additional 538,857 shares in the last quarter. FMR LLC lifted its holdings in shares of Elme Communities by 3.1% in the 3rd quarter. FMR LLC now owns 5,637,288 shares of the company's stock worth $99,160,000 after purchasing an additional 171,486 shares during the last quarter. Martingale Asset Management L P bought a new stake in shares of Elme Communities in the 3rd quarter worth approximately $1,535,000. Barclays PLC lifted its holdings in shares of Elme Communities by 64.9% in 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 during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Elme Communities by 50.8% in the 3rd quarter. Jane Street Group LLC now owns 169,361 shares of the company's stock worth $2,979,000 after purchasing an additional 57,038 shares during the last quarter. Institutional investors and hedge funds own 87.88% of the company's stock.

Elme Communities Stock Performance

Elme Communities stock traded down $0.21 during mid-day trading on Tuesday, hitting $17.03. 528,521 shares of the company's stock traded hands, compared to its average volume of 571,032. The firm has a 50 day moving average price of $15.26 and a 200 day moving average price of $16.48. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.50 billion, a PE ratio of -113.36 and a beta of 0.91. Elme Communities has a one year low of $12.74 and a one year high of $18.49.

Elme Communities (NYSE:ELME - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.26. Elme Communities had a negative return on equity of 1.17% and a negative net margin of 5.51%. On average, equities analysts forecast that Elme Communities will post 0.94 EPS for the current year.

Elme Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Wednesday, March 19th. Elme Communities's dividend payout ratio is presently -479.97%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JPMorgan Chase & Co. downgraded Elme Communities from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $19.00 to $18.00 in a report on Tuesday, December 17th. Wolfe Research began coverage on Elme Communities in a research note on Monday, October 21st. They set a "peer perform" rating on the stock. Finally, Truist Financial raised Elme Communities from a "hold" rating to a "buy" rating in a research note on Friday, January 17th.

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.