DekaBank Deutsche Girozentrale Has $292,000 Stake in Elme Communities (NYSE:ELME)

DekaBank Deutsche Girozentrale reduced its position in shares of Elme Communities (NYSE:ELME) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,707 shares of the company’s stock after selling 2,609 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Elme Communities were worth $292,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ELME. SG Americas Securities LLC increased its position in Elme Communities by 1.4% during the fourth quarter. SG Americas Securities LLC now owns 62,759 shares of the company’s stock worth $916,000 after buying an additional 849 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Elme Communities by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 62,626 shares of the company’s stock worth $1,030,000 after acquiring an additional 922 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Elme Communities by 3.9% in the third quarter. Daiwa Securities Group Inc. now owns 28,044 shares of the company’s stock valued at $383,000 after purchasing an additional 1,050 shares during the last quarter. American Century Companies Inc. grew its position in shares of Elme Communities by 5.5% in the third quarter. American Century Companies Inc. now owns 22,901 shares of the company’s stock valued at $312,000 after purchasing an additional 1,189 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of Elme Communities by 2.5% during the third quarter. Teacher Retirement System of Texas now owns 63,619 shares of the company’s stock worth $868,000 after purchasing an additional 1,539 shares during the period. Institutional investors and hedge funds own 87.88% of the company’s stock.

Elme Communities Stock Performance

NYSE:ELME opened at $14.36 on Wednesday. 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 stock has a market cap of $1.26 billion, a P/E ratio of -23.54 and a beta of 0.91. The stock has a 50 day simple moving average of $13.77 and a 200 day simple moving average of $13.87. Elme Communities has a 1-year low of $12.44 and a 1-year high of $18.15.

Elme Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend was Tuesday, March 19th. Elme Communities’s dividend payout ratio is -118.03%.

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.