State of New Jersey Common Pension Fund D Buys 31,025 Shares of Elme Communities (NYSE:ELME)

State of New Jersey Common Pension Fund D grew its stake in shares of Elme Communities (NYSE:ELME) by 19.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,584 shares of the company’s stock after buying an additional 31,025 shares during the period. State of New Jersey Common Pension Fund D owned 0.22% of Elme Communities worth $2,768,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in Elme Communities during the 4th quarter worth $25,000. Quadrature Capital Ltd bought a new stake in shares of Elme Communities in the third quarter valued at about $145,000. PNC Financial Services Group Inc. raised its holdings in shares of Elme Communities by 36.3% in the third quarter. PNC Financial Services Group Inc. now owns 11,885 shares of the company’s stock valued at $162,000 after acquiring an additional 3,165 shares in the last quarter. Caxton Associates LP purchased a new stake in Elme Communities in the third quarter worth about $166,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Elme Communities during the 3rd quarter worth about $174,000. 87.88% of the stock is currently owned by institutional investors.

Elme Communities Stock Up 0.1 %

ELME stock opened at $15.05 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.67 and a current ratio of 0.67. Elme Communities has a 52 week low of $12.44 and a 52 week high of $17.51. The business has a fifty day simple moving average of $13.88 and a 200-day simple moving average of $13.94.

Elme Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date was Tuesday, March 19th. Elme Communities’s payout ratio is -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.