Caxton Associates LP Buys 19,173 Shares of Elme Communities (NYSE:ELME)

Caxton Associates LP raised its stake in Elme Communities (NYSE:ELME) by 85.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,699 shares of the company’s stock after acquiring an additional 19,173 shares during the period. Caxton Associates LP’s holdings in Elme Communities were worth $580,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ELME. V3 Capital Management L.P. bought a new stake in Elme Communities in the first quarter valued at $13,738,000. Cbre Investment Management Listed Real Assets LLC grew its position in Elme Communities by 520.8% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 463,942 shares of the company’s stock valued at $6,774,000 after acquiring an additional 389,207 shares during the period. William Blair Investment Management LLC grew its holdings in shares of Elme Communities by 16.9% during the first quarter. William Blair Investment Management LLC now owns 1,950,033 shares of the company’s stock worth $27,144,000 after purchasing an additional 281,199 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Elme Communities during the fourth quarter worth $3,942,000. Finally, HGI Capital Management LLC bought a new stake in shares of Elme Communities during the fourth quarter worth $3,289,000. 87.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Truist Financial increased their target price on Elme Communities from $15.00 to $16.00 and gave the stock a “hold” rating in a report on Wednesday, May 15th.

Elme Communities Trading Up 0.2 %

NYSE:ELME opened at $16.79 on Wednesday. Elme Communities has a 1-year low of $12.44 and a 1-year high of $16.98. The business’s 50-day moving average price is $15.73 and its two-hundred day moving average price is $14.84. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of -27.52 and a beta of 0.89.

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.