Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Free Report) in the third quarter, Holdings Channel reports. The firm acquired 212,181 shares of the company’s stock, valued at approximately $12,892,000.
A number of other hedge funds have also recently made changes to their positions in VMRK. Profund Advisors LLC bought a new stake in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at about $726,000. ProShare Advisors LLC bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $8,153,000. Vise Technologies Inc. bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $219,000. Cidel Asset Management Inc. bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $328,000. Finally, Intrua Financial LLC bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $218,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. BTIG Research reissued a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Thursday, September 17th. Scotiabank cut their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 17th. JPMorgan Chase & Co. started coverage on shares of 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. Stifel Nicolaus reduced their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Finally, Mizuho raised shares of Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and increased their target price for the company from $70.00 to $73.00 in a research report on Tuesday, September 8th. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, Vivmark Residential Common Shares of Beneficial Interest presently has an average rating of “Hold” and an average target price of $71.42.
Get Our Latest Report on Vivmark Residential Common Shares of Beneficial Interest
Insider Activity
In related news, Director Susan Swanezy sold 15,700 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $63.80, for a total value of $1,001,660.00. Following the completion of the sale, the director directly owned 28,934 shares in the company, valued at $1,845,989.20. This trade represents a 35.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Edward M. Schulman sold 16,595 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $64.29, for a total transaction of $1,066,892.55. Following the completion of the sale, the executive vice president owned 48,776 shares of the company’s stock, valued at $3,135,809.04. This trade represents a 25.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 58,286 shares of company stock valued at $3,735,822. 1.20% of the stock is owned by company insiders.
Vivmark Residential Common Shares of Beneficial Interest Price Performance
Shares of VMRK stock opened at $61.93 on Wednesday. Vivmark Residential Common Shares of Beneficial Interest has a 1-year low of $57.57 and a 1-year high of $71.50. The stock’s fifty day simple moving average is $62.70. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.77. The stock has a market cap of $23.22 billion, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 3.61 and a beta of 0.72.
Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Get Free Report) last announced 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 company had revenue of $785.05 million for the quarter. As a group, equities research analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current year.
Vivmark Residential Common Shares of Beneficial Interest Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 5th were issued a dividend of $0.7025 per share. The ex-dividend date was Monday, October 5th. This represents a $2.81 annualized dividend and a dividend yield of 4.5%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is 122.17%.
Vivmark Residential Common Shares of Beneficial Interest Company 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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