Maryland State Retirement & Pension System Has $447,000 Stock Holdings in Elme Communities (NYSE:ELME)

Maryland State Retirement & Pension System lessened its stake in shares of Elme Communities (NYSE:ELME) by 13.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,673 shares of the company’s stock after selling 4,047 shares during the period. Maryland State Retirement & Pension System’s holdings in Elme Communities were worth $447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC grew its holdings in Elme Communities by 817.9% during 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. Hughes Financial Services LLC acquired a new position in Elme Communities during the first quarter valued at approximately $81,000. NewEdge Advisors LLC grew its holdings in Elme Communities by 6,041.7% during the fourth quarter. NewEdge Advisors LLC now owns 10,748 shares of the company’s stock valued at $164,000 after purchasing an additional 10,573 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Elme Communities by 12.9% during the first quarter. PNC Financial Services Group Inc. now owns 10,201 shares of the company’s stock valued at $177,000 after purchasing an additional 1,164 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in Elme Communities during the fourth quarter valued at approximately $205,000. Institutional investors and hedge funds own 87.88% of the company’s stock.

Elme Communities Trading Up 0.7%

Shares of ELME stock opened at $16.69 on Friday. 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 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.67. The business’s 50 day moving average is $16.14 and its two-hundred day moving average is $16.18. The company has a market cap of $1.47 billion, a PE ratio of -111.26 and a beta of 0.98.

Elme Communities (NYSE:ELME) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. Elme Communities had a negative return on equity of 1.33% and a negative net margin of 5.78%. The company had revenue of $62.10 million during the quarter, compared to analysts’ expectations of $61.63 million. During the same period in the prior year, the business earned $0.23 earnings per share. Elme Communities’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities analysts predict that Elme Communities will post 0.94 EPS for the current year.

Elme Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Wednesday, September 17th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 17th. Elme Communities’s dividend payout ratio (DPR) is -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.