Daiwa Securities Group Inc. Lowers Stock Holdings in Elme Communities (NYSE:ELME)

Daiwa Securities Group Inc. decreased its position in shares of Elme Communities (NYSE:ELME) by 4.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,745 shares of the company’s stock after selling 1,299 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Elme Communities were worth $390,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Elme Communities by 0.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,157,626 shares of the company’s stock valued at $31,501,000 after buying an additional 14,940 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Elme Communities by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,508,433 shares of the company’s stock valued at $20,575,000 after buying an additional 51,100 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Elme Communities by 1.6% during the 3rd quarter. Invesco Ltd. now owns 726,967 shares of the company’s stock valued at $9,916,000 after buying an additional 11,331 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Elme Communities by 14.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 275,518 shares of the company’s stock valued at $4,086,000 after buying an additional 35,662 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of Elme Communities by 1.0% during the 3rd quarter. Swiss National Bank now owns 192,900 shares of the company’s stock valued at $2,631,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 87.88% of the company’s stock.

Elme Communities Trading Down 0.1 %

ELME opened at $15.03 on Friday. Elme Communities has a fifty-two week low of $12.44 and a fifty-two week high of $17.87. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.67 and a current ratio of 0.67. The firm’s fifty day moving average is $13.85 and its 200 day moving average is $13.93.

Elme Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend was Tuesday, March 19th. Elme Communities’s payout ratio is currently -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.