Bokf Na purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 15,887 shares of the company’s stock, valued at approximately $965,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Blume Capital Management Inc. purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $25,000. Physician Wealth Advisors Inc. purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $27,000. Farmers & Merchants Investments Inc. bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $31,000. Planning Strategies Inc. raised its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 87.5% during the third quarter. Planning Strategies Inc. now owns 538 shares of the company’s stock valued at $33,000 after acquiring an additional 251 shares in the last quarter. Finally, Mather Group LLC. bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. KeyCorp started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 26th. They issued a “sector weight” rating on the stock. BTIG Research restated a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Thursday, September 17th. Evercore began coverage on shares of 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 for the company. Morgan Stanley started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. They issued an “overweight” rating and a $75.00 target price for the company. Finally, Royal Bank Of Canada cut their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 13th. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Vivmark Residential Common Shares of Beneficial Interest presently has an average rating of “Hold” and a consensus target price of $71.42.
Check Out Our Latest Analysis on VMRK
Vivmark Residential Common Shares of Beneficial Interest Stock Performance
VMRK stock opened at $61.86 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. The firm’s 50 day simple moving average is $62.92. Vivmark Residential Common Shares of Beneficial Interest has a 52-week low of $57.57 and a 52-week high of $71.50. The stock has a market capitalization of $23.19 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 3.59 and a beta of 0.74.
Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share 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 company had revenue of $785.05 million for the quarter. As a group, sell-side analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current fiscal year.
Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 5th were issued a $0.7025 dividend. This represents a $2.81 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is 122.17%.
Insiders Place Their Bets
In other Vivmark Residential Common Shares of Beneficial Interest news, Director Christopher B. Howard sold 8,486 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $64.00, for a total transaction of $543,104.00. Following the completion of the sale, the director directly owned 12,730 shares in the company, valued at approximately $814,720. This trade represents a 40.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Edward M. Schulman sold 16,595 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $64.29, for a total transaction of $1,066,892.55. Following the sale, the executive vice president directly owned 48,776 shares of the company’s stock, valued at $3,135,809.04. This trade represents a 25.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 58,286 shares of company stock valued at $3,735,822. Company insiders own 1.20% of the company’s stock.
About Vivmark Residential Common Shares of Beneficial Interest
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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