Zurcher Kantonalbank Zurich Cantonalbank Decreases Position in Elme Communities (NYSE:ELME)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Elme Communities (NYSE:ELME) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 36,491 shares of the company’s stock after selling 2,542 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Elme Communities were worth $533,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Elme Communities by 2.9% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 102,071 shares of the company’s stock valued at $1,490,000 after purchasing an additional 2,896 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Elme Communities during the 4th quarter valued at $641,000. Simplicity Solutions LLC lifted its holdings in shares of Elme Communities by 29.1% during the 4th quarter. Simplicity Solutions LLC now owns 34,925 shares of the company’s stock valued at $510,000 after purchasing an additional 7,882 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Elme Communities by 0.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,157,626 shares of the company’s stock worth $31,501,000 after acquiring an additional 14,940 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its stake in Elme Communities by 29.1% in the 4th quarter. Bleakley Financial Group LLC now owns 34,925 shares of the company’s stock worth $510,000 after acquiring an additional 7,882 shares during the last quarter. Hedge funds and other institutional investors own 87.88% of the company’s stock.

Elme Communities Stock Performance

Shares of ELME stock opened at $15.30 on Friday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -25.08 and a beta of 0.87. 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 business has a fifty day moving average of $13.98 and a 200 day moving average of $13.97. Elme Communities has a 1 year low of $12.44 and a 1 year high of $17.19.

Elme Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Thursday, June 20th will be paid a $0.18 dividend. The ex-dividend date is Thursday, June 20th. This represents a $0.72 dividend on an annualized basis and a yield of 4.71%. Elme Communities’s dividend payout ratio (DPR) is -118.03%.

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.