LDR Capital Management LLC Has $1.28 Million Position in Elme Communities $ELME

LDR Capital Management LLC grew its position in shares of Elme Communities (NYSE:ELME) by 1.9% during the second quarter, HoldingsChannel.com reports. The firm owned 80,207 shares of the company’s stock after purchasing an additional 1,504 shares during the period. Elme Communities makes up approximately 1.6% of LDR Capital Management LLC’s portfolio, making the stock its 20th biggest holding. LDR Capital Management LLC’s holdings in Elme Communities were worth $1,275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aberdeen Group plc raised its holdings in Elme Communities by 3.6% in the 1st quarter. Aberdeen Group plc now owns 23,774 shares of the company’s stock valued at $414,000 after buying an additional 828 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Elme Communities by 12.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,201 shares of the company’s stock valued at $177,000 after acquiring an additional 1,164 shares during the period. SG Americas Securities LLC raised its stake in shares of Elme Communities by 5.3% during the first quarter. SG Americas Securities LLC now owns 23,573 shares of the company’s stock valued at $410,000 after acquiring an additional 1,193 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Elme Communities by 1.4% during the second quarter. Public Employees Retirement System of Ohio now owns 126,981 shares of the company’s stock worth $2,019,000 after purchasing an additional 1,744 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Elme Communities by 6.3% during the first quarter. American Century Companies Inc. now owns 37,420 shares of the company’s stock worth $651,000 after purchasing an additional 2,218 shares during the period. 87.88% of the stock is currently owned by institutional investors.

Elme Communities Stock Performance

Shares of ELME opened at $16.79 on Monday. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.67. The firm’s fifty day simple moving average is $16.70 and its two-hundred day simple moving average is $16.26. Elme Communities has a 12 month low of $13.95 and a 12 month high of $18.08. The stock has a market capitalization of $1.48 billion, a P/E ratio of -111.92 and a beta of 1.01.

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

Elme Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Wednesday, September 17th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $0.72 annualized dividend and a dividend yield of 4.3%. Elme Communities’s dividend payout ratio (DPR) is -480.00%.

Analyst Ratings Changes

A number of analysts recently weighed in on ELME shares. Truist Financial restated a “hold” rating on shares of Elme Communities in a report on Thursday, September 11th. Wall Street Zen lowered Elme Communities from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Elme Communities in a research report on Saturday, September 27th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.50.

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.