Tower Research Capital LLC TRC Has $60,000 Stake in Elme Communities (NYSE:ELME)

Tower Research Capital LLC TRC increased its stake in shares of Elme Communities (NYSE:ELME) by 116.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,117 shares of the company’s stock after acquiring an additional 2,218 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Elme Communities were worth $60,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ELME. Allspring Global Investments Holdings LLC boosted its position 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 worth $31,501,000 after purchasing an additional 14,940 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in shares of Elme Communities by 5.9% during the fourth quarter. Centersquare Investment Management LLC now owns 1,605,919 shares of the company’s stock valued at $23,446,000 after acquiring an additional 89,197 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Elme Communities by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,557,836 shares of the company’s stock worth $22,744,000 after purchasing an additional 49,403 shares during the period. Invesco Ltd. lifted its holdings in shares of Elme Communities by 1.6% in the 3rd quarter. Invesco Ltd. now owns 726,967 shares of the company’s stock worth $9,916,000 after purchasing an additional 11,331 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC grew its position in Elme Communities by 520.8% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 463,942 shares of the company’s stock valued at $6,774,000 after purchasing an additional 389,207 shares during the period. 87.88% of the stock is currently owned by institutional investors and hedge funds.

Elme Communities Stock Up 0.1 %

ELME stock traded up $0.01 during midday trading on Monday, reaching $15.05. 691,422 shares of the company’s stock traded hands, compared to its average volume of 700,360. Elme Communities has a 52 week low of $12.44 and a 52 week high of $17.51. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -24.67 and a beta of 0.91. The firm’s fifty day moving average price is $13.86 and its 200-day moving average price is $13.94. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.59.

Elme Communities Announces Dividend

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