Barclays PLC Raises Holdings in Elme Communities (NYSE:ELME)

Barclays PLC lifted its stake in Elme Communities (NYSE:ELME - Free Report) by 64.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 177,438 shares of the company's stock after buying an additional 69,835 shares during the period. Barclays PLC owned approximately 0.20% of Elme Communities worth $3,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its position in Elme Communities by 0.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 127,260 shares of the company's stock worth $2,239,000 after acquiring an additional 954 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Elme Communities by 1.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 108,900 shares of the company's stock valued at $1,916,000 after purchasing an additional 1,600 shares during the period. Jane Street Group LLC grew its holdings in shares of Elme Communities by 50.8% in the third 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. Point72 Asset Management L.P. purchased a new position in shares of Elme Communities in the third quarter worth $211,000. Finally, Centiva Capital LP bought a new stake in Elme Communities during the 3rd quarter valued at $826,000. Institutional investors own 87.88% of the company's stock.

Elme Communities Trading Up 0.7 %

Shares of NYSE ELME traded up $0.11 during midday trading on Tuesday, hitting $15.05. 201,116 shares of the company traded hands, compared to its average volume of 593,864. The stock has a 50-day moving average price of $16.58 and a 200 day moving average price of $16.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market cap of $1.32 billion, a P/E ratio of -100.33 and a beta of 0.89. Elme Communities has a 12-month low of $12.74 and a 12-month high of $18.49.

Elme Communities (NYSE:ELME - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.27). Elme Communities had a negative return on equity of 1.17% and a negative net margin of 5.51%. The firm had revenue of $61.06 million during the quarter, compared to the consensus estimate of $60.31 million. During the same quarter last year, the company posted $0.24 EPS. Elme Communities's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, analysts expect that Elme Communities will post 0.94 earnings per share for the current year.

Elme Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, December 19th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Thursday, December 19th. Elme Communities's payout ratio is currently -480.00%.

Analysts Set New Price Targets

ELME has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Elme Communities from $14.00 to $17.00 and gave the stock an "equal weight" rating in a report on Friday, September 13th. Wolfe Research initiated coverage on Elme Communities in a research note on Monday, October 21st. They issued a "peer perform" rating on the stock. Finally, JPMorgan Chase & Co. lowered Elme Communities from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $19.00 to $18.00 in a research report on Tuesday, December 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.