FMR LLC & Abigail Johnson Maintain 6.623% Stake in Elme Communities
Ticker: ELME · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 104894
| Field | Detail |
|---|---|
| Company | Elme Communities (ELME) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, real-estate, passive-investing
TL;DR
**FMR LLC and Abigail Johnson still own 6.623% of Elme Communities.**
AI Summary
FMR LLC, a major investment firm, and its CEO, Abigail P. Johnson, have updated their ownership stake in Elme Communities (formerly Washington Real Estate Investment Trust). As of February 9, 2024, they collectively beneficially own 5,817,166 shares, representing 6.623% of Elme Communities' common stock. This is an amendment (Amendment No. 5) to a previous filing, indicating a slight adjustment in their reported holdings, which matters to investors as it shows continued significant institutional interest in the company.
Why It Matters
This filing confirms a major institutional investor, FMR LLC, and its principal, Abigail P. Johnson, continue to hold a significant stake in Elme Communities, signaling their ongoing confidence in the company.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of confidence.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, which can be a positive signal of long-term value, but this specific filing does not indicate a new buying or selling trend.
Key Numbers
- 5,817,166 — Shares Beneficially Owned (Total shares of Elme Communities common stock owned by FMR LLC and Abigail P. Johnson)
- 6.623% — Percent of Class (The percentage of Elme Communities' common stock beneficially owned by FMR LLC and Abigail P. Johnson)
- 0 — Sole Voting Power (Abigail P. Johnson) (Abigail P. Johnson reports no sole voting power over the shares)
- 5,815,880 — Sole Voting Power (FMR LLC) (FMR LLC reports sole voting power over this many shares)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, likely CEO of FMR LLC
- Elme Communities (company) — the issuer of the securities
- Washington Real Estate Investment Trust (company) — former name of Elme Communities
Forward-Looking Statements
- FMR LLC will maintain a significant stake in Elme Communities for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
- Elme Communities' stock price will likely not see significant volatility directly due to this filing. (Elme Communities) — medium confidence, target: 2024-03-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing.
What is the total number of shares of Elme Communities common stock beneficially owned by the reporting persons?
FMR LLC and Abigail P. Johnson each report beneficially owning 5,817,166 shares of Elme Communities common stock, as detailed in Item 7 and Item 9 for both reporting persons.
What percentage of Elme Communities' common stock do the reporting persons collectively own?
The reporting persons collectively own 6.623% of Elme Communities' common stock, as indicated in Item 11 for both FMR LLC and Abigail P. Johnson.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the 'x' in the appropriate box at the beginning of the filing.
What is the CUSIP number for Elme Communities common stock?
The CUSIP number for Elme Communities common stock is 939653101, as stated in the filing under 'Cusip #939653101' and Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding Elme Communities (ELME).