Hammond Wade Drew, an insider at Elme Communities (ELME), sold 54,110 shares of the company's stock on November 11, 2025, at a price of $16.61 per share, resulting in a total transaction value of approximately $899,000. Following this sale, Drew retains an equal number of shares in the firm.
Elme Communities operates in the real estate sector, focusing on the ownership and management of apartment communities. Headquartered in Bethesda, Maryland, the company employs 255 full-time staff and owns around 9,400 apartment homes in the Washington, DC, and Atlanta metro areas, alongside approximately 300,000 square feet of commercial space. The firm's properties include notable locations such as Elme Alexandria and Watergate 600.
Insider transactions, such as this sale, are reported to the SEC, providing transparency regarding executives' views on their company's stock. While such selling activity may prompt scrutiny, it is important to consider that insiders may sell shares for a variety of reasons, including financial planning or personal needs. Therefore, isolated transactions should not be the sole basis for investment decisions.
Investors are advised to evaluate trends in insider activity across multiple executives and timeframes to gain a comprehensive understanding of potential signals.
Elme Communities currently has a market capitalisation of $1.5 billion, a trailing twelve-month earnings per share of -1.53, and a dividend yield of 434.5%. Upcoming earnings reports are scheduled for April 28, 2026, and August 2, 2026.