Cerity Partners LLC Trims Stock Position in Elme Communities (NYSE:ELME)

Cerity Partners LLC cut its stake in shares of Elme Communities (NYSE:ELME) by 20.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 75,133 shares of the company’s stock after selling 19,716 shares during the quarter. Cerity Partners LLC owned approximately 0.09% of Elme Communities worth $1,110,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in Elme Communities during the first quarter valued at approximately $91,000. Tower Research Capital LLC TRC purchased a new position in Elme Communities during the first quarter valued at approximately $29,000. Commonwealth Equity Services LLC purchased a new position in Elme Communities during the first quarter valued at approximately $447,000. Rhumbline Advisers purchased a new position in Elme Communities during the first quarter valued at approximately $5,432,000. Finally, American Century Companies Inc. purchased a new position in Elme Communities during the first quarter valued at approximately $354,000. 87.88% of the stock is owned by hedge funds and other institutional investors.

Elme Communities Stock Performance

Shares of ELME stock opened at $14.86 on Monday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -24.36 and a beta of 0.91. The company’s 50 day moving average is $13.79 and its 200 day moving average is $13.89. 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 52-week low of $12.44 and a 52-week high of $18.15.

Elme Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were paid a $0.18 dividend. The ex-dividend date was Tuesday, March 19th. This represents a $0.72 annualized dividend and a yield of 4.85%. Elme Communities’s dividend payout ratio (DPR) 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.