SG Americas Securities LLC Acquires 849 Shares of Elme Communities (NYSE:ELME)

SG Americas Securities LLC increased its position in Elme Communities (NYSE:ELMEFree Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,759 shares of the company’s stock after acquiring an additional 849 shares during the period. SG Americas Securities LLC owned about 0.07% of Elme Communities worth $916,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Elme Communities during the first quarter valued at $304,764,000. Geode Capital Management LLC purchased a new position in Elme Communities during the first quarter valued at $34,355,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Elme Communities in the first quarter valued at about $25,637,000. Dimensional Fund Advisors LP purchased a new position in shares of Elme Communities in the first quarter valued at about $21,571,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Elme Communities in the second quarter worth about $11,653,000. Institutional investors own 87.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised Elme Communities from a “neutral” rating to an “overweight” rating and upped their target price for the company from $16.00 to $18.00 in a research note on Monday, December 18th.

Get Our Latest Stock Report on Elme Communities

Elme Communities Trading Up 0.9 %

ELME opened at $13.92 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.67 and a quick ratio of 0.67. The company’s 50 day simple moving average is $13.83 and its two-hundred day simple moving average is $13.86. Elme Communities has a 1-year low of $12.44 and a 1-year high of $18.23. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -22.82 and a beta of 0.91.

Elme Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, March 19th. This represents a $0.72 annualized dividend and a dividend yield of 5.17%. Elme Communities’s dividend payout ratio (DPR) is currently -118.03%.

Elme Communities Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Elme Communities (NYSE:ELME)

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