BNP Paribas Financial Markets Has $744,000 Holdings in Elme Communities (NYSE:ELME)

BNP Paribas Financial Markets trimmed its holdings in shares of Elme Communities (NYSE:ELMEFree Report) by 25.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,976 shares of the company’s stock after selling 17,032 shares during the period. BNP Paribas Financial Markets owned 0.06% of Elme Communities worth $744,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in shares of Elme Communities in the fourth quarter valued at about $25,000. Quadrature Capital Ltd bought a new stake in shares of Elme Communities during the third quarter valued at approximately $145,000. PNC Financial Services Group Inc. increased 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 purchasing an additional 3,165 shares in the last quarter. Caxton Associates LP bought a new position in Elme Communities in the 3rd quarter worth approximately $166,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Elme Communities in the 3rd quarter worth approximately $174,000. Institutional investors own 87.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lifted their target price on Elme Communities from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Wednesday, May 15th.

View Our Latest Report on ELME

Elme Communities Trading Up 1.5 %

ELME opened at $15.32 on Friday. Elme Communities has a fifty-two week low of $12.44 and a fifty-two week high of $17.19. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -25.11 and a beta of 0.87. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a 50 day simple moving average of $14.94 and a 200 day simple moving average of $14.28.

Elme Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Thursday, June 20th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date is Thursday, June 20th. Elme Communities’s dividend payout ratio (DPR) is currently -118.03%.

Elme Communities Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Elme Communities (NYSE:ELME)

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