Jump Financial LLC Purchases 37,252 Shares of Elme Communities (NYSE:ELME)

Jump Financial LLC increased its holdings in Elme Communities (NYSE:ELME - Free Report) by 85.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,033 shares of the company's stock after purchasing an additional 37,252 shares during the quarter. Jump Financial LLC owned approximately 0.09% of Elme Communities worth $1,237,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ELME. Barclays PLC increased its stake in Elme Communities by 64.9% in the third quarter. Barclays PLC now owns 177,438 shares of the company's stock valued at $3,121,000 after purchasing an additional 69,835 shares in the last quarter. Geode Capital Management LLC increased its holdings in Elme Communities by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,234,902 shares of the company's stock worth $39,319,000 after purchasing an additional 12,999 shares in the last quarter. Tidal Investments LLC purchased a new stake in Elme Communities in the 3rd quarter valued at $377,000. Inspire Investing LLC boosted its holdings in Elme Communities by 13.3% during the 4th quarter. Inspire Investing LLC now owns 26,536 shares of the company's stock worth $405,000 after acquiring an additional 3,117 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Elme Communities by 58.5% during the 4th quarter. Blue Trust Inc. now owns 16,917 shares of the company's stock worth $258,000 after acquiring an additional 6,242 shares during the last quarter. 87.88% of the stock is owned by institutional investors.

Elme Communities Stock Performance

NYSE ELME traded down $0.07 during trading hours on Friday, reaching $15.56. 411,021 shares of the company were exchanged, compared to its average volume of 579,121. The stock has a market capitalization of $1.37 billion, a P/E ratio of -110.89 and a beta of 0.84. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.65. Elme Communities has a 1 year low of $13.95 and a 1 year high of $18.49. The business's 50 day simple moving average is $16.52 and its 200-day simple moving average is $16.18.

Elme Communities (NYSE:ELME - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.26. Elme Communities had a negative net margin of 5.42% and a negative return on equity of 1.18%. On average, equities research analysts expect that Elme Communities will post 0.94 earnings per share for the current year.

Elme Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend was Wednesday, March 19th. Elme Communities's payout ratio is currently -514.29%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ELME. Wells Fargo & Company raised their price target on shares of Elme Communities from $17.00 to $19.00 and gave the company an "equal weight" rating in a research report on Thursday, February 20th. Truist Financial upgraded Elme Communities from a "hold" rating to a "buy" rating in a research note on Friday, January 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.