abrdn plc Trims Position in Elme Communities (NYSE:ELME)

abrdn plc reduced its position in Elme Communities (NYSE:ELME) by 7.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,468 shares of the company’s stock after selling 1,309 shares during the period. abrdn plc’s holdings in Elme Communities were worth $240,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ELME. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Elme Communities in the third quarter valued at $2,597,000. Qube Research & Technologies Ltd boosted 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 worth $2,475,000 after acquiring an additional 150,470 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in Elme Communities in the third quarter valued at approximately $1,228,000. Regency Capital Management Inc. DE purchased a new stake in Elme Communities in the fourth quarter valued at approximately $922,000. Finally, Charles Schwab Investment Management Inc. increased its position in Elme Communities by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,508,433 shares of the company’s stock worth $20,575,000 after purchasing an additional 51,100 shares during the last quarter. 87.88% of the stock is currently owned by institutional investors and hedge funds.

Elme Communities Trading Up 0.8 %

Shares of ELME opened at $15.17 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.59. The company’s fifty day moving average is $13.91 and its two-hundred day moving average is $13.95. Elme Communities has a fifty-two week low of $12.44 and a fifty-two week high of $17.51.

Elme Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.75%. The ex-dividend date was Tuesday, March 19th. Elme Communities’s dividend 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.