452,620 Shares in Elme Communities $ELME Bought by Deltec Asset Management LLC

Posted by George Bondi on Jul 2nd, 2026

Deltec Asset Management LLC purchased a new position in shares of Elme Communities (NYSE:ELME – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 452,620 shares of the company’s stock, valued at approximately $910,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hsbc Holdings PLC grew its position in shares of Elme Communities by 19.0% during the fourth quarter. Hsbc Holdings PLC now owns 146,361 shares of the company’s stock worth $2,547,000 after buying an additional 23,351 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Elme Communities by 32.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 34,033 shares of the company’s stock worth $592,000 after acquiring an additional 8,389 shares in the last quarter. XTX Topco Ltd increased its position in shares of Elme Communities by 250.9% in the 4th quarter. XTX Topco Ltd now owns 76,918 shares of the company’s stock valued at $1,338,000 after purchasing an additional 55,000 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Elme Communities by 318.9% in the 4th quarter. Millennium Management LLC now owns 959,601 shares of the company’s stock valued at $16,697,000 after purchasing an additional 730,542 shares in the last quarter. Finally, Moore Capital Management LP purchased a new stake in shares of Elme Communities during the 4th quarter worth $6,422,000. Hedge funds and other institutional investors own 87.88% of the company’s stock.

Elme Communities Price Performance

NYSE ELME opened at $1.55 on Thursday. The firm’s fifty day moving average price is $2.00 and its 200 day moving average price is $4.21. Elme Communities has a 12 month low of $1.26 and a 12 month high of $17.68. The company has a market capitalization of $138.18 million, a price-to-earnings ratio of -1.02 and a beta of 0.73.

Analyst Ratings Changes

Several research firms recently commented on ELME. Weiss Ratings reissued a “sell (d)” rating on shares of Elme Communities in a report on Friday, April 10th. BTIG Research reiterated a “neutral” rating on shares of Elme Communities in a report on Monday, April 6th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Elme Communities currently has a consensus rating of “Reduce” and a consensus price target of $18.00.

Get Our Latest Stock Analysis on ELME

Elme Communities Company 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.