18,712 Shares in Elme Communities (NYSE:ELME) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC purchased a new stake in Elme Communities (NYSE:ELME) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 18,712 shares of the company’s stock, valued at approximately $286,000.

Several other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Elme Communities by 466.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 654,403 shares of the company’s stock valued at $11,511,000 after acquiring an additional 538,857 shares in the last quarter. FMR LLC lifted its holdings in Elme Communities by 3.1% in the 3rd quarter. FMR LLC now owns 5,637,288 shares of the company’s stock valued at $99,160,000 after purchasing an additional 171,486 shares in the last quarter. Martingale Asset Management L P acquired a new stake in Elme Communities during the 3rd quarter worth $1,535,000. Barclays PLC grew its holdings in shares of Elme Communities by 64.9% during the third quarter. Barclays PLC now owns 177,438 shares of the company’s stock worth $3,121,000 after buying an additional 69,835 shares in the last quarter. Finally, LDR Capital Management LLC raised its position in shares of Elme Communities by 259.7% in the fourth quarter. LDR Capital Management LLC now owns 82,883 shares of the company’s stock valued at $1,266,000 after buying an additional 59,840 shares during the last quarter. 87.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on ELME. Truist Financial raised shares of Elme Communities from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered Elme Communities from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $19.00 to $18.00 in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company lifted their price objective on Elme Communities from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th.

Elme Communities Stock Performance

NYSE:ELME opened at $17.27 on Friday. The company’s 50-day moving average is $16.37 and its two-hundred day moving average is $16.48. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -123.33 and a beta of 0.86. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.58 and a quick ratio of 0.55. Elme Communities has a 1-year low of $13.30 and a 1-year high of $18.49.

Elme Communities (NYSE:ELME) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.26. Elme Communities had a negative return on equity of 1.18% and a negative net margin of 5.42%. Analysts forecast that Elme Communities will post 0.94 EPS for the current year.

Elme Communities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 19th will be given a $0.18 dividend. The ex-dividend date is Wednesday, March 19th. This represents a $0.72 dividend on an annualized basis and a yield of 4.17%. Elme Communities’s payout ratio is currently -514.29%.

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.