Shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Get Free Report) have been assigned an average recommendation of “Hold” from the sixteen ratings firms that are covering the firm, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $72.12.
Several equities analysts recently commented on the company. Barclays dropped their target price on Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $75.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 2nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $70.00 price target on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 25th. BTIG Research reaffirmed a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Thursday, September 17th. Scotiabank lowered their price objective on 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 report on Thursday, September 17th. Finally, 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.
View Our Latest Research Report on VMRK
Vivmark Residential Common Shares of Beneficial Interest Trading Down 0.3%
Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $785.05 million during the quarter. Vivmark Residential Common Shares of Beneficial Interest had a net margin of 27.97% and a return on equity of 8.06%. Equities analysts predict 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 firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Monday, October 5th will be paid a dividend of $0.7025 per share. The ex-dividend date is Monday, October 5th. This represents a $2.81 annualized dividend and a yield of 4.6%. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is presently 122.17%.
Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest
In other Vivmark Residential Common Shares of Beneficial Interest news, COO Michael L. Manelis sold 7,825 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $64.31, for a total value of $503,225.75. Following the transaction, the chief operating officer directly owned 44,713 shares in the company, valued at $2,875,493.03. This represents a 14.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher B. Howard sold 8,486 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $64.00, for a total transaction of $543,104.00. Following the sale, the director directly owned 12,730 shares in the company, valued at approximately $814,720. The trade was a 40.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 58,286 shares of company stock valued at $3,735,822 over the last three months. 1.20% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Vivmark Residential Common Shares of Beneficial Interest
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Perpetual Ltd purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $26,651,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $767,000. Legacy Wealth Asset Management LLC acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $315,000. GAMMA Investing LLC lifted its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 39.4% in the 3rd quarter. GAMMA Investing LLC now owns 17,614 shares of the company’s stock valued at $1,070,000 after purchasing an additional 4,979 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 59.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,884 shares of the company’s stock valued at $661,000 after purchasing an additional 4,055 shares during the last quarter. 92.68% of the stock is currently owned by institutional investors and hedge funds.
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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