Elme Communities $ELME Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its holdings in shares of Elme Communities (NYSE:ELME) by 6.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,420 shares of the company’s stock after purchasing an additional 2,218 shares during the quarter. American Century Companies Inc.’s holdings in Elme Communities were worth $651,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Northern Trust Corp lifted its stake in shares of Elme Communities by 54.9% during the 4th quarter. Northern Trust Corp now owns 1,510,239 shares of the company’s stock worth $23,061,000 after purchasing an additional 535,440 shares during the period. Nuveen LLC purchased a new position in shares of Elme Communities during the 1st quarter worth $16,613,000. Balyasny Asset Management L.P. lifted its stake in shares of Elme Communities by 34.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 899,141 shares of the company’s stock worth $13,730,000 after purchasing an additional 228,419 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Elme Communities by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 438,383 shares of the company’s stock worth $7,628,000 after purchasing an additional 11,581 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in shares of Elme Communities by 60.2% during the 4th quarter. Two Sigma Advisers LP now owns 404,700 shares of the company’s stock worth $6,180,000 after purchasing an additional 152,100 shares during the period. Hedge funds and other institutional investors own 87.88% of the company’s stock.

Elme Communities Trading Up 0.4%

Shares of Elme Communities stock opened at $17.14 on Friday. Elme Communities has a fifty-two week low of $13.95 and a fifty-two week high of $18.49. The firm has a market cap of $1.51 billion, a PE ratio of -114.23 and a beta of 1.02. The business’s fifty day moving average is $16.38 and its two-hundred day moving average is $16.31. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.67.

Elme Communities (NYSE:ELME) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $62.10 million for the quarter, compared to analyst estimates of $61.63 million. Elme Communities had a negative return on equity of 1.33% and a negative net margin of 5.78%.The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. Analysts anticipate that Elme Communities will post 0.94 earnings per share for the current year.

Elme Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Wednesday, September 17th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 17th. Elme Communities’s dividend payout ratio (DPR) is -480.00%.

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.