Public Employees Retirement System of Ohio Has $1.93 Million Stock Holdings in Elme Communities (NYSE:ELME)

Public Employees Retirement System of Ohio decreased its holdings in shares of Elme Communities (NYSE:ELME) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 126,165 shares of the company’s stock after selling 1,095 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.14% of Elme Communities worth $1,927,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sterling Capital Management LLC increased its holdings in Elme Communities by 817.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,818 shares of the company’s stock valued at $43,000 after purchasing an additional 2,511 shares during the last quarter. Metis Global Partners LLC bought a new position in Elme Communities during the fourth quarter worth about $154,000. NewEdge Advisors LLC grew its position in shares of Elme Communities by 6,041.7% during the 4th quarter. NewEdge Advisors LLC now owns 10,748 shares of the company’s stock worth $164,000 after buying an additional 10,573 shares during the period. Meridian Wealth Management LLC bought a new stake in shares of Elme Communities in the 4th quarter valued at about $171,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Elme Communities in the 4th quarter valued at about $180,000. Institutional investors and hedge funds own 87.88% of the company’s stock.

Elme Communities Price Performance

ELME opened at $16.07 on Monday. The stock has a market cap of $1.42 billion, a P/E ratio of -114.79 and a beta of 0.96. Elme Communities has a 12 month low of $13.95 and a 12 month high of $18.49. The company has a quick ratio of 0.55, a current ratio of 0.58 and a debt-to-equity ratio of 0.65. The company has a fifty day simple moving average of $15.86 and a 200 day simple moving average of $15.96.

Elme Communities (NYSE:ELME) last posted its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $61.49 million during the quarter, compared to analysts’ expectations of $61.31 million. Elme Communities had a negative return on equity of 1.18% and a negative net margin of 5.42%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 earnings per share. On average, research analysts expect that Elme Communities will post 0.94 EPS for the current year.

Elme Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Tuesday, June 17th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, June 17th. This represents a $0.72 dividend on an annualized basis and a yield of 4.48%. Elme Communities’s payout ratio is -480.00%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lifted their price objective on shares of Elme Communities from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 20th.

Elme Communities Company 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.