Pictet Asset Management Holding SA lifted its holdings in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Free Report) by 54.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 533,444 shares of the company’s stock after buying an additional 187,358 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Vivmark Residential Common Shares of Beneficial Interest were worth $32,413,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of VMRK. Guidance Capital Inc. bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $772,000. Alps Advisors Inc. acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $3,242,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $608,000. Heritage Family Offices LLP acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $60,000. Finally, Alta Advisers Ltd bought a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at $297,000. 92.68% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on VMRK. Cantor Fitzgerald reduced their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday. Weiss Ratings started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 19th. They issued a “hold (c)” rating on the stock. Scotiabank cut their price target on Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. JPMorgan Chase & Co. started coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Monday, August 24th. They issued a “neutral” rating and a $73.00 price target on the stock. Finally, Morgan Stanley assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. They set an “overweight” rating and a $75.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $71.42.
Read Our Latest Research Report on VMRK
Vivmark Residential Common Shares of Beneficial Interest Stock Down 0.5%
NYSE VMRK opened at $65.78 on Wednesday. The company has a quick ratio of 0.19, a current ratio of 0.35 and a debt-to-equity ratio of 0.08. Vivmark Residential Common Shares of Beneficial Interest has a 12-month low of $57.57 and a 12-month high of $71.50. The firm has a market capitalization of $24.66 billion, a P/E ratio of 243.63, a PEG ratio of 3.82 and a beta of 0.72. The firm has a 50 day simple moving average of $62.62.
Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 EPS for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a negative net margin of 4.21% and a negative return on equity of 0.80%. The business had revenue of $785.05 million for the quarter. As a group, sell-side analysts expect that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 EPS for the current year.
Vivmark Residential Common Shares of Beneficial Interest Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 5th were given a dividend of $0.7025 per share. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is presently 1,040.74%.
Insider Activity
In other news, Director Charles E. Mueller, Jr. sold 8,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $63.90, for a total transaction of $511,200.00. Following the sale, the director directly owned 16,084 shares of the company’s stock, valued at approximately $1,027,767.60. This represents a 33.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan Swanezy sold 15,700 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $63.80, for a total value of $1,001,660.00. Following the completion of the transaction, the director owned 28,934 shares in the company, valued at $1,845,989.20. The trade was a 35.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 58,286 shares of company stock worth $3,735,822. 1.20% of the stock is owned by insiders.
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, D.C., Seattle, San Francisco, Southern California and Denver.
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