Weil Company Inc. purchased a new position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 29,725 shares of the company’s stock, valued at approximately $1,806,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in VMRK. Ferguson Wellman Capital Management Inc. purchased a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at $42,080,000. Perpetual Ltd acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $26,651,000. Pensionfund PDN acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $6,617,000. Pensionfund Sabic acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $3,181,000. Finally, Red Spruce Capital LLC acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $1,367,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.
Wall Street Analysts Forecast Growth
VMRK has been the subject of several research analyst reports. KeyCorp began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 26th. They set a “sector weight” rating for the company. Evercore assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 18th. They issued an “in-line” rating and a $72.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday, August 24th. They set a “neutral” rating and a $73.00 price objective for the company. Royal Bank Of Canada cut their price objective on Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a “sector perform” rating for the company in a research note on Tuesday. Finally, BTIG Research reissued a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Thursday, September 17th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $71.73.
Vivmark Residential Common Shares of Beneficial Interest Stock Performance
NYSE VMRK opened at $60.80 on Thursday. The stock’s fifty day moving average is $63.37. The firm has a market capitalization of $22.80 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 3.55 and a beta of 0.74. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.19 and a quick ratio of 0.19. Vivmark Residential Common Shares of Beneficial Interest has a fifty-two week low of $57.57 and a fifty-two week high of $71.50.
Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a return on equity of 8.06% and a net margin of 27.97%. The business had revenue of $785.05 million during the quarter. As a group, sell-side analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS for the current year.
Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, October 5th will be given a dividend of $0.7025 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $2.81 annualized dividend and a dividend yield of 4.6%. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is presently 122.17%.
Insider Activity
In related news, Director Christopher B. Howard sold 8,486 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $64.00, for a total value of $543,104.00. Following the completion of the sale, the director owned 12,730 shares of the company’s stock, valued at approximately $814,720. This represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Susan Swanezy sold 15,700 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $63.80, for a total transaction of $1,001,660.00. Following the completion of the sale, the director directly owned 28,934 shares of the company’s stock, valued at $1,845,989.20. This represents a 35.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 58,286 shares of company stock worth $3,735,822. Insiders own 1.20% of the company’s stock.
Vivmark Residential Common Shares of Beneficial Interest Profile
Equity Residential is committed to creating communities where people thrive. The Company, a member of the S&P 500, is focused on the acquisition, development and management of residential properties located in and around dynamic cities that attract high quality long-term renters. Equity Residential owns or has investments in 305 properties consisting of 78,568 apartment units, located in Boston, New York, Washington, DC, Seattle, San Francisco, Southern California and Denver.
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