Elme Communities $ELME Shares Bought by Maven Securities LTD

Maven Securities LTD raised its holdings in Elme Communities (NYSE:ELME) by 607.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 884,833 shares of the company’s stock after buying an additional 759,833 shares during the quarter. Maven Securities LTD’s holdings in Elme Communities were worth $1,310,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ELME. KBC Group NV increased its holdings in shares of Elme Communities by 623.3% during the first quarter. KBC Group NV now owns 19,673 shares of the company’s stock valued at $40,000 after acquiring an additional 16,953 shares in the last quarter. Militia Capital Management LLC purchased a new stake in Elme Communities during the 1st quarter worth approximately $46,000. EverSource Wealth Advisors LLC grew its position in Elme Communities by 39.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,235 shares of the company’s stock worth $51,000 after purchasing an additional 922 shares during the last quarter. US Bancorp DE increased its stake in Elme Communities by 43.8% during the 3rd quarter. US Bancorp DE now owns 4,107 shares of the company’s stock valued at $69,000 after purchasing an additional 1,251 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Elme Communities during the 2nd quarter valued at approximately $70,000. Institutional investors and hedge funds own 87.88% of the company’s stock.

Elme Communities Stock Performance

NYSE:ELME opened at $1.69 on Wednesday. Elme Communities has a one year low of $1.26 and a one year high of $17.68. The firm has a market cap of $149.73 million, a price-to-earnings ratio of -1.11 and a beta of 0.72. The firm’s fifty day moving average is $1.61 and its two-hundred day moving average is $1.90.

Analyst Ratings Changes

Several research firms have recently commented on ELME. Weiss Ratings reiterated a “sell (d)” rating on shares of Elme Communities in a research note on Wednesday, July 8th. Wall Street Zen raised Elme Communities from a “strong sell” rating to a “hold” rating in a research report on Saturday, July 25th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $18.00.

About Elme Communities

Elme Communities, Inc is a real estate investment trust (REIT) specializing in senior living real estate. The company focuses on acquiring and strategically partnering in a diversified portfolio of senior housing communities, providing real estate solutions across the spectrum of independent living, assisted living and memory care facilities. Elme Communities leases properties to experienced operators under long-term contractual arrangements designed to generate stable rental income and align incentives for both landlord and operator.

The company’s core activities include identifying acquisition opportunities, underwriting property performance, structuring lease agreements and overseeing asset management functions.