New York State Teachers Retirement System Has $1.13 Million Stake in Elme Communities (NYSE:ELME)

New York State Teachers Retirement System grew its position in Elme Communities (NYSE:ELME) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,520 shares of the company’s stock after purchasing an additional 7,941 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Elme Communities worth $1,132,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ELME. Tower Research Capital LLC TRC bought a new stake in shares of Elme Communities in the first quarter valued at about $29,000. Belpointe Asset Management LLC bought a new stake in shares of Elme Communities in the first quarter valued at about $40,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Elme Communities in the first quarter valued at about $43,000. Russell Investments Group Ltd. bought a new stake in shares of Elme Communities in the first quarter valued at about $91,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Elme Communities in the third quarter valued at about $145,000. 87.88% of the stock is currently owned by institutional investors.

Elme Communities Stock Performance

Shares of Elme Communities stock opened at $14.54 on Thursday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -23.84 and a beta of 0.91. The stock’s 50-day moving average is $13.78 and its 200-day moving average is $13.87. Elme Communities has a one year low of $12.44 and a one year 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 announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Wednesday, March 20th were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 19th. This represents a $0.72 annualized dividend and a yield of 4.95%. Elme Communities’s payout ratio is presently -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.