Elme Communities (NYSE:ELME) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in shares of Elme Communities (NYSE:ELME) by 10.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 28,628 shares of the company’s stock after selling 3,272 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Elme Communities were worth $418,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ELME. Tower Research Capital LLC TRC purchased a new position in shares of Elme Communities during the 1st quarter worth $29,000. Belpointe Asset Management LLC acquired a new position in Elme Communities in the first quarter valued at about $40,000. Steward Partners Investment Advisory LLC purchased a new position in Elme Communities during the first quarter worth about $43,000. Russell Investments Group Ltd. acquired a new stake in shares of Elme Communities during the first quarter valued at about $91,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Elme Communities in the 3rd quarter valued at approximately $145,000. Institutional investors and hedge funds own 87.88% of the company’s stock.

Elme Communities Trading Up 1.3 %

NYSE:ELME opened at $14.54 on Thursday. Elme Communities has a fifty-two week low of $12.44 and a fifty-two week high of $18.15. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.59. The company has a 50 day moving average price of $13.78 and a 200 day moving average price of $13.87.

Elme Communities Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date was Tuesday, March 19th. Elme Communities’s dividend payout ratio (DPR) is -118.03%.

About Elme Communities

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.