Nisa Investment Advisors LLC Sells 3,272 Shares of Elme Communities (NYSE:ELME)

Nisa Investment Advisors LLC trimmed its position in Elme Communities (NYSE:ELME) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,628 shares of the company’s stock after selling 3,272 shares during the period. Nisa Investment Advisors LLC’s holdings in Elme Communities were worth $418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Illinois Municipal Retirement Fund purchased a new stake in shares of Elme Communities during the 3rd quarter valued at $682,000. Employees Retirement System of Texas acquired a new stake in Elme Communities in the third quarter worth about $1,228,000. Handelsbanken Fonder AB grew its stake in shares of Elme Communities by 22.4% during the third quarter. Handelsbanken Fonder AB now owns 17,483 shares of the company’s stock worth $238,000 after acquiring an additional 3,195 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Elme Communities by 3.9% during the third quarter. Daiwa Securities Group Inc. now owns 28,044 shares of the company’s stock valued at $383,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Elme Communities in the 3rd quarter valued at approximately $2,597,000. 87.88% of the stock is owned by hedge funds and other institutional investors.

Elme Communities Price Performance

ELME stock opened at $14.54 on Thursday. Elme Communities has a 52 week low of $12.44 and a 52 week high of $18.15. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $13.78 and a 200 day moving average of $13.87.

Elme Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.72 annualized dividend and a dividend yield of 4.95%. Elme Communities’s payout ratio is currently -118.03%.

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.