Folger Nolan Fleming Douglas Capital Management Inc. Sells 9,248 Shares of Elme Communities (NYSE:ELME)

Folger Nolan Fleming Douglas Capital Management Inc. trimmed its position in shares of Elme Communities (NYSE:ELME) by 31.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & 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 quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D boosted its holdings 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 purchasing an additional 31,025 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Elme Communities during the fourth quarter valued at approximately $25,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Elme Communities by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 102,071 shares of the company’s stock valued at $1,490,000 after purchasing an additional 2,896 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in Elme Communities during the fourth quarter valued at approximately $641,000. Finally, Simplicity Solutions LLC boosted its holdings in Elme Communities by 29.1% during the fourth quarter. Simplicity Solutions LLC now owns 34,925 shares of the company’s stock valued at $510,000 after purchasing an additional 7,882 shares in the last quarter. 87.88% of the stock is currently owned by institutional investors.

Elme Communities Stock Performance

NYSE ELME remained flat at $15.04 during trading on Friday. The company’s stock had a trading volume of 368,999 shares, compared to its average volume of 841,834. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a fifty day moving average price of $13.86 and a 200 day moving average price of $13.94. The firm has a market capitalization of $1.32 billion, a P/E ratio of -24.64 and a beta of 0.91. Elme Communities has a 12 month low of $12.44 and a 12 month high of $17.87.

Elme Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 20th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date was Tuesday, March 19th. Elme Communities’s payout ratio 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.