William Blair Investment Management LLC grew its position in Elme Communities (NYSE:ELME - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,934,863 shares of the company's stock after purchasing an additional 46,755 shares during the period. William Blair Investment Management LLC owned approximately 2.20% of Elme Communities worth $29,545,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of ELME. Hunter Perkins Capital Management LLC raised its holdings in Elme Communities by 3.9% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 23,215 shares of the company's stock worth $354,000 after acquiring an additional 875 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Elme Communities by 0.8% during the third 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 in the last quarter. M&T Bank Corp raised its holdings in Elme Communities by 9.5% during the third quarter. M&T Bank Corp now owns 11,525 shares of the company's stock worth $203,000 after acquiring an additional 1,000 shares in the last quarter. KBC Group NV raised its holdings in Elme Communities by 51.8% during the third quarter. KBC Group NV now owns 4,526 shares of the company's stock worth $80,000 after acquiring an additional 1,544 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Elme Communities by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 16,669 shares of the company's stock worth $255,000 after acquiring an additional 1,544 shares in the last quarter. 87.88% of the stock is currently owned by institutional investors.
Elme Communities Stock Performance
NYSE ELME traded down $0.02 during trading on Friday, reaching $17.08. 1,230,331 shares of the company's stock were exchanged, compared to its average volume of 558,567. The business has a 50 day moving average price of $16.16 and a 200-day moving average price of $16.49. The stock has a market capitalization of $1.50 billion, a P/E ratio of -121.96 and a beta of 0.86. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.58 and a quick ratio of 0.55. Elme Communities has a fifty-two week low of $13.30 and a fifty-two week high of $18.49.
Elme Communities (NYSE:ELME - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.23 earnings per share 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%. Sell-side analysts forecast that Elme Communities will post 0.94 earnings per share for the current fiscal year.
Elme Communities Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date is Wednesday, March 19th. Elme Communities's dividend payout ratio (DPR) is presently -514.29%.
Wall Street Analyst Weigh In
Several research firms recently issued reports on ELME. Wells Fargo & Company upped their target price on Elme Communities from $17.00 to $19.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. Truist Financial upgraded Elme Communities from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. lowered Elme Communities from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $19.00 to $18.00 in a report on Tuesday, December 17th.
Check Out Our Latest Stock Report on Elme Communities
Elme Communities Company Profile
(
Free Report)
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.
See Also
Before you consider Elme Communities, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Elme Communities wasn't on the list.
While Elme Communities currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
