DekaBank Deutsche Girozentrale Has $292,000 Stock Position in Elme Communities (NYSE:ELME)

DekaBank Deutsche Girozentrale reduced its position in Elme Communities (NYSE:ELME) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,707 shares of the company’s stock after selling 2,609 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Elme Communities were worth $292,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new stake in shares of Elme Communities in the 1st quarter valued at approximately $29,000. Belpointe Asset Management LLC acquired a new stake in Elme Communities in the first quarter valued at approximately $40,000. Steward Partners Investment Advisory LLC bought a new stake in Elme Communities in the first quarter worth approximately $43,000. Russell Investments Group Ltd. acquired a new position in shares of Elme Communities during the 1st quarter worth $91,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Elme Communities during the 3rd quarter worth $145,000. 87.88% of the stock is owned by institutional investors and hedge funds.

Elme Communities Stock Down 1.9 %

ELME stock opened at $14.36 on Wednesday. The firm has a market cap of $1.26 billion, a PE ratio of -23.54 and a beta of 0.91. Elme Communities has a 1 year low of $12.44 and a 1 year high of $18.15. The company has a fifty day simple moving average of $13.77 and a 200 day simple moving average of $13.87. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.59.

Elme Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.72 annualized dividend and a yield of 5.01%. Elme Communities’s dividend payout ratio (DPR) is currently -118.03%.

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.