Elme Communities (NYSE:ELME) Stock Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Elme Communities (NYSE:ELME - Free Report) by 3.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,719,212 shares of the company's stock after acquiring an additional 53,505 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.95% of Elme Communities worth $30,241,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Elme Communities by 162.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,777 shares of the company's stock valued at $27,000 after acquiring an additional 1,100 shares in the last quarter. Archer Investment Corp increased its stake in Elme Communities by 308.2% during the 2nd quarter. Archer Investment Corp now owns 1,788 shares of the company's stock worth $28,000 after buying an additional 1,350 shares during the period. Fifth Third Bancorp increased its stake in Elme Communities by 438.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,835 shares of the company's stock worth $29,000 after buying an additional 1,494 shares during the period. GAMMA Investing LLC increased its stake in Elme Communities by 149.2% during the 2nd quarter. GAMMA Investing LLC now owns 2,881 shares of the company's stock worth $46,000 after buying an additional 1,725 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in Elme Communities by 35.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,416 shares of the company's stock worth $60,000 after buying an additional 885 shares during the period. Institutional investors and hedge funds own 87.88% of the company's stock.

Elme Communities Stock Up 0.1 %

Shares of ELME traded up $0.02 during midday trading on Thursday, hitting $16.58. The company had a trading volume of 393,897 shares, compared to its average volume of 584,238. The company's 50 day moving average price is $16.90 and its 200 day moving average price is $16.63. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -110.33 and a beta of 0.89. Elme Communities has a 52 week low of $12.74 and a 52 week high of $18.49. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.63.

Elme Communities (NYSE:ELME - Get Free Report) last released its earnings results on Monday, November 4th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.27). The company had revenue of $61.06 million during the quarter, compared to the consensus estimate of $60.31 million. Elme Communities had a negative return on equity of 1.17% and a negative net margin of 5.51%. Elme Communities's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS. On average, equities research analysts predict that Elme Communities will post 0.94 EPS 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 given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Thursday, December 19th. Elme Communities's dividend payout ratio is presently -479.97%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ELME shares. JPMorgan Chase & Co. lifted their price target on shares of Elme Communities from $17.00 to $19.00 and gave the stock an "overweight" rating in a research note on Monday, September 16th. Wolfe Research started coverage on shares of Elme Communities in a research note on Monday, October 21st. They set a "peer perform" rating on the stock. Finally, Wells Fargo & Company lifted their price target on shares of Elme Communities from $14.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Friday, September 13th.

Elme Communities Company 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.