Voya Investment Management LLC Has $429,000 Stock Holdings in Elme Communities $ELME

Voya Investment Management LLC trimmed its position in Elme Communities (NYSE:ELME) by 9.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,661 shares of the company’s stock after selling 2,614 shares during the quarter. Voya Investment Management LLC’s holdings in Elme Communities were worth $429,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. State of Wyoming purchased a new position in Elme Communities during the first quarter worth about $66,000. Hughes Financial Services LLC purchased a new position in shares of Elme Communities in the first quarter worth approximately $81,000. PNC Financial Services Group Inc. increased its position in Elme Communities by 12.9% in the first quarter. PNC Financial Services Group Inc. now owns 10,201 shares of the company’s stock worth $177,000 after purchasing an additional 1,164 shares during the last quarter. Strs Ohio purchased a new stake in shares of Elme Communities during the first quarter valued at $287,000. Finally, Quantbot Technologies LP raised its holdings in Elme Communities by 188.5% in the first quarter. Quantbot Technologies LP now owns 19,000 shares of the company’s stock worth $331,000 after purchasing an additional 12,414 shares in the last quarter. 87.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded Elme Communities from a “hold” rating to a “sell” rating in a report on Friday. Truist Financial restated a “hold” rating on shares of Elme Communities in a research note on Thursday, September 11th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.50.

Elme Communities Trading Up 0.6%

Shares of NYSE:ELME opened at $16.81 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.51 and a quick ratio of 0.51. The company has a market capitalization of $1.48 billion, a P/E ratio of -112.06 and a beta of 1.02. The business’s 50 day simple moving average is $16.63 and its 200 day simple moving average is $16.28. Elme Communities has a 1 year low of $13.95 and a 1 year high of $18.08.

Elme Communities (NYSE:ELME) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The firm had revenue of $62.10 million during the quarter, compared to analysts’ expectations of $61.63 million. Elme Communities had a negative net margin of 5.78% and a negative return on equity of 1.33%. The business’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. On average, research analysts anticipate that Elme Communities will post 0.94 EPS for the current fiscal year.

Elme Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Wednesday, September 17th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, September 17th. Elme Communities’s payout ratio is currently -480.00%.

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.