Quantbot Technologies LP Has $1.35 Million Stock Holdings in Elme Communities (NYSE:ELME)

Quantbot Technologies LP lifted its position in Elme Communities (NYSE:ELME - Free Report) by 160.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,712 shares of the company's stock after buying an additional 47,212 shares during the period. Quantbot Technologies LP owned approximately 0.09% of Elme Communities worth $1,349,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FMR LLC raised its position in Elme Communities by 3.1% in the third quarter. FMR LLC now owns 5,637,288 shares of the company's stock worth $99,160,000 after acquiring an additional 171,486 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Elme Communities by 17.4% in the 3rd quarter. Bank of Montreal Can now owns 104,532 shares of the company's stock worth $1,825,000 after purchasing an additional 15,481 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Elme Communities by 8.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 29,500 shares of the company's stock worth $519,000 after purchasing an additional 2,306 shares in the last quarter. Cerity Partners LLC lifted its stake in Elme Communities by 2.2% during the third quarter. Cerity Partners LLC now owns 78,078 shares of the company's stock valued at $1,373,000 after purchasing an additional 1,653 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Elme Communities by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,719,212 shares of the company's stock worth $30,241,000 after buying an additional 53,505 shares in the last quarter. Institutional investors and hedge funds own 87.88% of the company's stock.

Elme Communities Trading Down 0.1 %

Elme Communities stock traded down $0.01 during midday trading on Friday, reaching $16.94. The stock had a trading volume of 424,532 shares, compared to its average volume of 606,762. The firm's fifty day simple moving average is $16.98 and its two-hundred day simple moving average is $16.62. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.55 and a quick ratio of 0.55. Elme Communities has a twelve month low of $12.74 and a twelve month high of $18.49. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -112.93 and a beta of 0.89.

Elme Communities (NYSE:ELME - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.27). The business had revenue of $61.06 million during the quarter, compared to analyst estimates of $60.31 million. Elme Communities had a negative return on equity of 1.17% and a negative net margin of 5.51%. The business's quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. Equities analysts anticipate that Elme Communities will post 0.94 EPS for the current fiscal year.

Elme Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Thursday, December 19th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.25%. Elme Communities's dividend payout ratio is -479.97%.

Analyst Upgrades and Downgrades

ELME has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on Elme Communities from $17.00 to $19.00 and gave the company an "overweight" rating in a report on Monday, September 16th. Wolfe Research started coverage on Elme Communities in a research report on Monday, October 21st. They set a "peer perform" rating on the stock. Finally, Wells Fargo & Company increased their price target on Elme Communities from $14.00 to $17.00 and gave the company an "equal weight" rating in a research report on Friday, September 13th.

About Elme Communities

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.