DLD Asset Management LP Takes Position in Elme Communities $ELME

DLD Asset Management LP bought a new position in shares of Elme Communities (NYSE:ELME) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 432,377 shares of the company’s stock, valued at approximately $7,290,000. Elme Communities makes up about 0.0% of DLD Asset Management LP’s portfolio, making the stock its 26th biggest position. DLD Asset Management LP owned approximately 0.49% of Elme Communities at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Yakira Capital Management Inc. bought a new stake in Elme Communities in the third quarter valued at $2,420,000. Natixis Advisors LLC bought a new position in shares of Elme Communities during the 3rd quarter worth about $207,000. Gabelli Funds LLC acquired a new stake in shares of Elme Communities in the 3rd quarter valued at about $1,250,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Elme Communities in the 3rd quarter valued at about $1,315,000. Finally, Barclays PLC increased its position in Elme Communities by 69.6% in the 3rd quarter. Barclays PLC now owns 343,272 shares of the company’s stock valued at $5,788,000 after buying an additional 140,837 shares in the last quarter. 87.88% of the stock is currently owned by institutional investors and hedge funds.

Elme Communities Stock Performance

Shares of ELME stock opened at $2.16 on Monday. The company has a current ratio of 166.32, a quick ratio of 166.32 and a debt-to-equity ratio of 0.78. The firm has a fifty day simple moving average of $4.82 and a two-hundred day simple moving average of $12.69. Elme Communities has a 12 month low of $2.10 and a 12 month high of $17.68. The firm has a market capitalization of $191.93 million, a PE ratio of -1.42 and a beta of 0.69.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Elme Communities in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $18.00.

Elme Communities Company Profile

Elme Communities, Inc is a real estate investment trust (REIT) specializing in senior living real estate. The company focuses on acquiring and strategically partnering in a diversified portfolio of senior housing communities, providing real estate solutions across the spectrum of independent living, assisted living and memory care facilities. Elme Communities leases properties to experienced operators under long-term contractual arrangements designed to generate stable rental income and align incentives for both landlord and operator.

The company’s core activities include identifying acquisition opportunities, underwriting property performance, structuring lease agreements and overseeing asset management functions.