78,485 Shares in Elme Communities (NYSE:ELME) Purchased by Texas Permanent School Fund Corp

Posted by on Aug 1st, 2023

Texas Permanent School Fund Corp purchased a new position in Elme Communities (NYSE:ELME – Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 78,485 shares of the company’s stock, valued at approximately $1,402,000. Texas Permanent School Fund Corp owned approximately 0.09% of Elme Communities at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Clean Yield Group purchased a new position in Elme Communities during the 1st quarter valued at about $164,000. Handelsbanken Fonder AB acquired a new stake in Elme Communities in the 1st quarter worth $250,000. abrdn plc bought a new position in shares of Elme Communities during the 1st quarter worth about $293,000. Arizona State Retirement System bought a new position in Elme Communities during the 1st quarter valued at about $453,000. Finally, Simplicity Solutions LLC bought a new position in shares of Elme Communities in the first quarter worth about $520,000. Institutional investors and hedge funds own 89.18% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial decreased their price objective on shares of Elme Communities from $19.00 to $18.00 in a report on Wednesday, June 28th.

Elme Communities Stock Performance

Shares of ELME opened at $16.26 on Tuesday. Elme Communities has a 12 month low of $14.95 and a 12 month high of $22.07. The firm has a fifty day simple moving average of $16.04 and a 200 day simple moving average of $17.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.86 and a current ratio of 0.86.

About Elme Communities

(Free Report)

Elme Communities (formerly known as Washington Real Estate Investment Trust or WashREIT) 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 8,900 apartment homes in the Washington, DC metro and the Sunbelt, and owns approximately 300,000 square feet of commercial space.

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Institutional Ownership by Quarter for Elme Communities (NYSE:ELME)

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