Louisiana State Employees Retirement System Makes New $641,000 Investment in Elme Communities (NYSE:ELME)

Louisiana State Employees Retirement System purchased a new stake in Elme Communities (NYSE:ELME) in the fourth quarter, Holdings Channel reports. The firm purchased 43,900 shares of the company’s stock, valued at approximately $641,000.

Other large investors have also made changes to their positions in the company. Quadrature Capital Ltd purchased a new stake in shares of Elme Communities in the third quarter valued at approximately $145,000. PNC Financial Services Group Inc. grew its position in shares of Elme Communities by 36.3% in the third quarter. PNC Financial Services Group Inc. now owns 11,885 shares of the company’s stock valued at $162,000 after purchasing an additional 3,165 shares in the last quarter. Caxton Associates LP purchased a new stake in shares of Elme Communities in the third quarter valued at approximately $166,000. Vanguard Personalized Indexing Management LLC acquired a new position in Elme Communities in the third quarter valued at approximately $174,000. Finally, Jump Financial LLC acquired a new position in Elme Communities in the third quarter valued at approximately $237,000. 87.88% of the stock is currently owned by hedge funds and other institutional investors.

Elme Communities Stock Performance

ELME opened at $15.04 on Monday. Elme Communities has a one year low of $12.44 and a one year high of $17.87. The stock has a market capitalization of $1.32 billion, a PE ratio of -24.66 and a beta of 0.91. The business’s 50 day moving average price is $13.86 and its 200 day moving average price is $13.94. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.67 and a current ratio of 0.67.

Elme Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date was Tuesday, March 19th. Elme Communities’s dividend payout ratio is presently -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.