Cbre Investment Management Listed Real Assets LLC Has $17.12 Million Holdings in Elme Communities (NYSE:ELME)

Cbre Investment Management Listed Real Assets LLC reduced its position in shares of Elme Communities (NYSE:ELME - Free Report) by 12.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,121,088 shares of the company's stock after selling 152,987 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned about 1.27% of Elme Communities worth $17,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in Elme Communities by 50.8% during 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. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Elme Communities during the 3rd quarter worth about $975,000. Charles Schwab Investment Management Inc. raised its holdings in Elme Communities by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,719,212 shares of the company's stock worth $30,241,000 after purchasing an additional 53,505 shares during the last quarter. Verition Fund Management LLC bought a new stake in Elme Communities during the 3rd quarter worth about $541,000. Finally, Barclays PLC increased its stake in shares of Elme Communities by 64.9% in the 3rd quarter. Barclays PLC now owns 177,438 shares of the company's stock valued at $3,121,000 after acquiring an additional 69,835 shares during the last quarter. 87.88% of the stock is owned by institutional investors.

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Elme Communities Stock Up 0.8 %

NYSE ELME traded up $0.14 during trading hours on Friday, reaching $17.26. 521,026 shares of the company's stock were exchanged, compared to its average volume of 633,007. The company's 50-day moving average is $15.67 and its two-hundred day moving average is $16.50. Elme Communities has a one year low of $12.81 and a one year high of $18.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.55 and a current ratio of 0.58. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -123.28 and a beta of 0.86.

Elme Communities (NYSE:ELME - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.23 earnings per share (EPS) 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%. On average, analysts forecast that Elme Communities will post 0.94 EPS for the current fiscal year.

Elme Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Wednesday, March 19th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $0.72 dividend on an annualized basis and a yield of 4.17%. Elme Communities's payout ratio is -514.29%.

Analyst Upgrades and Downgrades

ELME has been the subject of a number of recent analyst reports. Truist Financial raised Elme Communities from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. JPMorgan Chase & Co. cut 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 note on Tuesday, December 17th. Finally, Wells Fargo & Company upped their price target 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.

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.