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Which institution holds the most shares in Elme Communities (ELME)

Elme Communities (NYSE: ELME) is -6.99% lower on its value in year-to-date trading and has touched a low of $12.44 and a high of $17.94 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ELME stock was last observed hovering at around $13.38 in the last trading session, with the day’s gains setting it 0.2%.

Currently trading at $13.58, the stock is 0.96% and -1.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 1.49% at the moment leaves the stock -5.78% off its SMA200. ELME registered -22.75% loss for a year compared to 6-month loss of 0.82%. The firm has a 50-day simple moving average (SMA 50) of $8.11 and a 200-day simple moving average (SMA200) of $27.85.

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The stock witnessed a 4.70% gain in the last 1 month and extending the period to 3 months gives it a -7.11%, and is 1.27% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.96% over the week and 2.24% over the month.

Elme Communities (ELME) has around 243 employees, a market worth around $1.19B and $227.91M in sales. Profit margin for the company is -23.36%. Distance from 52-week low is 9.16% and -24.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.90%).

Elme Communities quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $59.97M over the same period.The EPS is expected to grow by 89.67% this year, but quarterly earnings will post 6.50% year-over-year. Quarterly sales are estimated to grow 7.50% in year-over-year returns.

321 institutions hold shares in Elme Communities (ELME), with institutional investors hold 91.56% of the company’s shares. The shares outstanding are 87.87M, and float is at 86.48M with Short Float at 1.25%. Institutions hold 90.19% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 16.96 million shares valued at $278.84 million. The investor’s holdings represent 19.31% of the ELME Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 14.25 million shares valued at $234.32 million to account for 16.23% of the shares outstanding. The other top investors are FMR, LLC which holds 5.91 million shares representing 6.73% and valued at over $97.15 million, while State Street Corporation holds 6.44% of the shares totaling 5.65 million with a market value of $92.91 million.

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