Tower Research Capital LLC TRC Grows Position in Elme Communities (NYSE:ELME)

Tower Research Capital LLC TRC grew its stake in Elme Communities (NYSE:ELME) by 116.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,117 shares of the company’s stock after buying an additional 2,218 shares during the period. Tower Research Capital LLC TRC’s holdings in Elme Communities were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ELME. Cbre Investment Management Listed Real Assets LLC increased its holdings 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 worth $6,774,000 after acquiring an additional 389,207 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Elme Communities during the third quarter valued at about $2,597,000. Qube Research & Technologies Ltd lifted its position in shares of Elme Communities by 486.0% in the third quarter. Qube Research & Technologies Ltd now owns 181,428 shares of the company’s stock valued at $2,475,000 after acquiring an additional 150,470 shares in the last quarter. Employees Retirement System of Texas bought a new position in shares of Elme Communities in the third quarter worth about $1,228,000. Finally, Centersquare Investment Management LLC grew its position 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 worth $23,446,000 after purchasing an additional 89,197 shares in the last quarter. 87.88% of the stock is owned by hedge funds and other institutional investors.

Elme Communities Price Performance

NYSE ELME traded up $0.01 during trading hours on Monday, reaching $15.05. The company’s stock had a trading volume of 691,422 shares, compared to its average volume of 700,360. 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 has a 1 year low of $12.44 and a 1 year high of $17.51. The firm’s 50-day moving average price is $13.86 and its 200-day moving average price is $13.94. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -24.67 and a beta of 0.91.

Elme Communities Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.78%. Elme Communities’s dividend payout ratio is -118.03%.

Elme Communities 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.