Folger Nolan Fleming Douglas Capital Management Inc. Lowers Stake in Elme Communities (NYSE:ELME)

Folger Nolan Fleming Douglas Capital Management Inc. lessened its position in shares of Elme Communities (NYSE:ELME) by 31.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,547 shares of the company’s stock after selling 9,248 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Elme Communities were worth $300,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D grew its position in Elme Communities by 19.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 189,584 shares of the company’s stock valued at $2,768,000 after acquiring an additional 31,025 shares during the period. GAMMA Investing LLC purchased a new stake in shares of Elme Communities in the fourth quarter worth about $25,000. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Elme Communities by 2.9% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 102,071 shares of the company’s stock worth $1,490,000 after buying an additional 2,896 shares during the period. Louisiana State Employees Retirement System purchased a new stake in shares of Elme Communities in the fourth quarter worth about $641,000. Finally, Simplicity Solutions LLC boosted its position in shares of Elme Communities by 29.1% in the fourth quarter. Simplicity Solutions LLC now owns 34,925 shares of the company’s stock worth $510,000 after buying an additional 7,882 shares during the period. Hedge funds and other institutional investors own 87.88% of the company’s stock.

Elme Communities Price Performance

Shares of NYSE ELME remained flat at $15.04 on Friday. The stock had a trading volume of 368,999 shares, compared to its average volume of 841,834. Elme Communities has a 52 week low of $12.44 and a 52 week high of $17.87. The company has a 50-day moving average price of $13.86 and a 200 day moving average price of $13.94. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -24.64 and a beta of 0.91.

Elme Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.79%. The ex-dividend date was Tuesday, March 19th. Elme Communities’s dividend payout ratio (DPR) is -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.