Gabelli Funds LLC Takes $1.16 Million Position in Elme Communities $ELME

Posted by Geri Gentry on Jul 31st, 2026

Gabelli Funds LLC bought a new stake in Elme Communities (NYSE:ELME – Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 579,200 shares of the company’s stock, valued at approximately $1,164,000. Gabelli Funds LLC owned 0.65% of Elme Communities as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV lifted its stake in Elme Communities by 623.3% in the first quarter. KBC Group NV now owns 19,673 shares of the company’s stock valued at $40,000 after buying an additional 16,953 shares during the last quarter. Militia Capital Management LLC acquired a new stake in shares of Elme Communities in the first quarter valued at approximately $46,000. EverSource Wealth Advisors LLC grew its position in shares of Elme Communities by 39.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,235 shares of the company’s stock worth $51,000 after acquiring an additional 922 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Elme Communities during the fourth quarter worth approximately $66,000. Finally, US Bancorp DE increased its holdings in shares of Elme Communities by 43.8% in the 3rd quarter. US Bancorp DE now owns 4,107 shares of the company’s stock valued at $69,000 after acquiring an additional 1,251 shares during the period. Hedge funds and other institutional investors own 87.88% of the company’s stock.

Elme Communities Price Performance

Elme Communities stock opened at $1.62 on Friday. Elme Communities has a 12 month low of $1.26 and a 12 month high of $17.68. The business has a 50 day simple moving average of $1.77 and a 200-day simple moving average of $2.06. The stock has a market capitalization of $144.40 million, a PE ratio of -1.07 and a beta of 0.73.

Wall Street Analyst Weigh In

Several analysts recently commented on ELME shares. BTIG Research reiterated a “neutral” rating on shares of Elme Communities in a research report on Monday, April 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Elme Communities in a research report on Wednesday, July 8th. Finally, Wall Street Zen upgraded shares of Elme Communities from a “strong sell” rating to a “hold” rating in a research note on Saturday, July 25th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $18.00.

View Our Latest Analysis on ELME

Elme Communities Profile

(Free Report)

Elme Communities, Inc is a real estate investment trust (REIT) specializing in senior living real estate. The company focuses on acquiring and strategically partnering in a diversified portfolio of senior housing communities, providing real estate solutions across the spectrum of independent living, assisted living and memory care facilities. Elme Communities leases properties to experienced operators under long-term contractual arrangements designed to generate stable rental income and align incentives for both landlord and operator.

The company’s core activities include identifying acquisition opportunities, underwriting property performance, structuring lease agreements and overseeing asset management functions.