Canandaigua National Trust Co of Florida Purchases 11,035 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

Canandaigua National Trust Co of Florida bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,035 shares of the company’s stock, valued at approximately $670,000.

Several other hedge funds have also made changes to their positions in VMRK. Pensionfund Sabic purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $3,181,000. Pensionfund PDN purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $6,617,000. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $42,080,000. Canandaigua National Bank & Trust Co. acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at $1,090,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at $127,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In other news, Director Charles E. Mueller, Jr. sold 8,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 16,084 shares in the company, valued at $1,027,767.60. The trade was a 33.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Edward M. Schulman sold 16,595 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $64.29, for a total value of $1,066,892.55. Following the completion of 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 SEC filing for this sale provides additional information. Over the last quarter, insiders sold 58,286 shares of company stock valued at $3,735,822. 1.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

VMRK has been the topic of several research reports. Weiss Ratings initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 19th. They issued a “hold (c)” rating on the stock. Evercore began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 18th. They issued an “in-line” rating and a $72.00 price target for the company. BMO Capital Markets dropped their price objective on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a “market perform” rating on the stock in a report on Monday, August 24th. Scotiabank dropped 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 on the stock in a research note on Thursday, September 17th. Finally, KeyCorp initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 26th. They issued a “sector weight” rating for the company. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $73.29.

Read Our Latest Analysis on VMRK

Vivmark Residential Common Shares of Beneficial Interest Price Performance

Shares of NYSE VMRK traded down $1.04 during trading hours on Wednesday, hitting $59.33. 4,029,055 shares of the stock were exchanged, compared to its average volume of 3,520,861. 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 company has a market cap of $22.25 billion, a P/E ratio of 25.80, a P/E/G ratio of 3.49 and a beta of 0.74. Vivmark Residential Common Shares of Beneficial Interest has a one year low of $57.57 and a one year high of $71.50.

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 EPS for the quarter. The firm had revenue of $785.05 million for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a net margin of 27.97% and a return on equity of 8.06%. On average, sell-side analysts predict 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 firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, October 5th will be given a $0.7025 dividend. This represents a $2.81 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is currently 122.17%.

About Vivmark Residential Common Shares of Beneficial Interest

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK)

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