Wolverine Asset Management LLC Sells 29,035 Shares of Elme Communities (NYSE:ELME)

Wolverine Asset Management LLC reduced its position in shares of Elme Communities (NYSE:ELME) by 41.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 41,182 shares of the company’s stock after selling 29,035 shares during the quarter. Wolverine Asset Management LLC’s holdings in Elme Communities were worth $601,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Elme Communities in the third quarter worth approximately $2,597,000. Qube Research & Technologies Ltd lifted its stake 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 period. Employees Retirement System of Texas acquired a new position in shares of Elme Communities in the third quarter worth approximately $1,228,000. Regency Capital Management Inc. DE acquired a new position in shares of Elme Communities in the fourth quarter worth approximately $922,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Elme Communities by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,508,433 shares of the company’s stock worth $20,575,000 after acquiring an additional 51,100 shares during the period. 87.88% of the stock is currently owned by institutional investors.

Elme Communities Stock Down 0.1 %

Elme Communities stock opened at $15.03 on Friday. The stock’s 50 day moving average is $13.85 and its 200 day moving average is $13.93. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.59. Elme Communities has a one year low of $12.44 and a one year high of $17.87.

Elme Communities Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend 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.