Elme Communities $ELME Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P cut its stake in Elme Communities (NYSE:ELME) by 0.9% in the first quarter, Holdings Channel reports. The fund owned 106,774 shares of the company’s stock after selling 1,018 shares during the period. Martingale Asset Management L P’s holdings in Elme Communities were worth $1,858,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Northern Trust Corp increased its stake in shares of Elme Communities by 2.7% in the 1st quarter. Northern Trust Corp now owns 1,550,363 shares of the company’s stock worth $26,976,000 after acquiring an additional 40,124 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Elme Communities in the 1st quarter worth $16,613,000. Balyasny Asset Management L.P. increased its stake in shares of Elme Communities by 34.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 899,141 shares of the company’s stock worth $13,730,000 after acquiring an additional 228,419 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Elme Communities by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 438,383 shares of the company’s stock worth $7,628,000 after acquiring an additional 11,581 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in shares of Elme Communities by 60.2% during the 4th quarter. Two Sigma Advisers LP now owns 404,700 shares of the company’s stock worth $6,180,000 after purchasing an additional 152,100 shares during the last quarter. 87.88% of the stock is owned by institutional investors and hedge funds.

Elme Communities Stock Up 1.1%

Shares of NYSE:ELME opened at $16.9550 on Friday. The business has a 50-day moving average price of $16.18 and a 200 day moving average price of $16.24. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of -113.03 and a beta of 0.98. Elme Communities has a 12-month low of $13.95 and a 12-month high of $18.49.

Elme Communities (NYSE:ELME) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $62.10 million during the quarter, compared to the consensus estimate of $61.63 million. Elme Communities had a negative return on equity of 1.33% and a negative net margin of 5.78%.The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $0.23 EPS. Sell-side analysts expect 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 Friday, October 3rd. Investors of record on Wednesday, September 17th 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 4.2%. The ex-dividend date of this dividend is Wednesday, September 17th. Elme Communities’s dividend payout ratio (DPR) is presently -480.00%.

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.