Elme Communities (NYSE:ELME) Shares Acquired by Caxton Associates LP

Caxton Associates LP increased its position in shares of Elme Communities (NYSE:ELME) by 35.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,592 shares of the company’s stock after purchasing an additional 14,893 shares during the period. Caxton Associates LP’s holdings in Elme Communities were worth $902,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ELME. EverSource Wealth Advisors LLC raised its holdings in Elme Communities by 162.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,777 shares of the company’s stock worth $27,000 after purchasing an additional 1,100 shares in the last quarter. Archer Investment Corp raised its stake in Elme Communities by 308.2% during the 2nd quarter. Archer Investment Corp now owns 1,788 shares of the company’s stock worth $28,000 after acquiring an additional 1,350 shares in the last quarter. Fifth Third Bancorp lifted its position in Elme Communities by 438.1% in the second quarter. Fifth Third Bancorp now owns 1,835 shares of the company’s stock valued at $29,000 after acquiring an additional 1,494 shares during the last quarter. GAMMA Investing LLC lifted its position in Elme Communities by 149.2% in the second quarter. GAMMA Investing LLC now owns 2,881 shares of the company’s stock valued at $46,000 after acquiring an additional 1,725 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Elme Communities in the first quarter valued at $167,000. Institutional investors and hedge funds own 87.88% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their target price on Elme Communities from $14.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, September 13th. JPMorgan Chase & Co. boosted their price objective on Elme Communities from $17.00 to $19.00 and gave the company an “overweight” rating in a research note on Monday, September 16th.

Elme Communities Price Performance

Shares of NYSE:ELME opened at $17.56 on Friday. Elme Communities has a one year low of $12.44 and a one year high of $18.49. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -28.78 and a beta of 0.90. The company has a 50-day simple moving average of $17.31 and a 200-day simple moving average of $15.83. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.55 and a current ratio of 0.55.

Elme Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 19th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.72 dividend on an annualized basis and a yield of 4.10%. 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.