Simplicity Solutions LLC Purchases 7,882 Shares of Elme Communities (NYSE:ELME)

Simplicity Solutions LLC increased its position in Elme Communities (NYSE:ELME) by 29.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,925 shares of the company’s stock after purchasing an additional 7,882 shares during the period. Simplicity Solutions LLC’s holdings in Elme Communities were worth $510,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Elme Communities by 0.7% in 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. Bleakley Financial Group LLC raised its position in Elme Communities by 29.1% in the 4th quarter. Bleakley Financial Group LLC now owns 34,925 shares of the company’s stock valued at $510,000 after buying an additional 7,882 shares during the last quarter. New York State Teachers Retirement System raised its position in Elme Communities by 11.4% in the 4th quarter. New York State Teachers Retirement System now owns 77,520 shares of the company’s stock valued at $1,132,000 after buying an additional 7,941 shares during the last quarter. Asset Management One Co. Ltd. raised its position in Elme Communities by 14.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 275,518 shares of the company’s stock valued at $4,086,000 after buying an additional 35,662 shares during the last quarter. Finally, Regency Capital Management Inc. DE purchased a new stake in Elme Communities in the 4th quarter valued at $922,000. 87.88% of the stock is currently owned by institutional investors.

Elme Communities Price Performance

NYSE ELME opened at $14.72 on Friday. The business has a fifty day simple moving average of $13.79 and a 200 day simple moving average of $13.88. Elme Communities has a 12 month low of $12.44 and a 12 month high of $18.15. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.67 and a quick ratio of 0.67.

Elme Communities Dividend Announcement

The business 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. This represents a $0.72 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date was Tuesday, March 19th. Elme Communities’s payout ratio is currently -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.