Ferguson Wellman Capital Management Inc. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 692,560 shares of the company’s stock, valued at approximately $42,080,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in VMRK. MassMutual Private Wealth & Trust FSB acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at approximately $127,000. CX Institutional raised its stake in Vivmark Residential Common Shares of Beneficial Interest by 111.6% during the 3rd quarter. CX Institutional now owns 6,218 shares of the company’s stock valued at $378,000 after acquiring an additional 3,279 shares in the last quarter. Planning Strategies Inc. boosted its position in Vivmark Residential Common Shares of Beneficial Interest by 87.5% during the 3rd quarter. Planning Strategies Inc. now owns 538 shares of the company’s stock worth $33,000 after acquiring an additional 251 shares during the period. Montecito Bank & Trust acquired a new position in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth $244,000. Finally, Syon Capital LLC bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the second quarter worth $354,000. 92.68% of the stock is owned by institutional investors.
Insider Buying and Selling at Vivmark Residential Common Shares of Beneficial Interest
In related news, Director Christopher B. Howard sold 8,486 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $64.00, for a total value of $543,104.00. Following the transaction, the director owned 12,730 shares of the company’s stock, valued at approximately $814,720. This trade represents a 40.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Edward M. Schulman sold 16,595 shares of the company’s stock in a transaction dated 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 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 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 Stock Down 0.8%
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 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 business had revenue of $785.05 million during the quarter. Equities analysts expect 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 Announces Dividend
The business also recently disclosed 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. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is 122.17%.
Analysts Set New Price Targets
VMRK has been the topic of a number of research analyst reports. UBS Group began coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, September 15th. They set a “buy” rating and a $75.00 price target on the stock. Stifel Nicolaus decreased their target price 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 report on Wednesday, August 19th. JPMorgan Chase & Co. assumed 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 target price on the stock. BMO Capital Markets dropped their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a “market perform” rating on the stock in a research report on Monday, August 24th. Finally, Scotiabank reduced their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating for the company in a research note on Thursday, September 17th. Five research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.29.
Check Out Our Latest Stock Analysis on VMRK
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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