Elme Communities (NYSE:ELME – Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,700,000 shares, an increase of 70.0% from the March 31st total of 1,000,000 shares. Based on an average daily volume of 735,200 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.0% of the company’s stock are sold short.
Elme Communities Stock Performance
Shares of ELME opened at $15.03 on Friday. The company’s fifty day moving average is $13.85 and its 200-day moving average is $13.93. Elme Communities has a 12 month low of $12.44 and a 12 month high of $17.87. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -24.64 and a beta of 0.91. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.59.
Elme Communities Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.79%. The ex-dividend date was Tuesday, March 19th. Elme Communities’s dividend payout ratio is currently -118.03%.
Institutional Trading of Elme Communities
Elme Communities Company 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.
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