State of Alaska Department of Revenue purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 449,804 shares of the company’s stock, valued at approximately $27,330,000.
A number of other hedge funds have also recently modified their holdings of VMRK. Planning Strategies Inc. raised its stake in Vivmark Residential Common Shares of Beneficial Interest by 87.5% during the third quarter. Planning Strategies Inc. now owns 538 shares of the company’s stock worth $33,000 after purchasing an additional 251 shares during the period. Rosenberg Matthew Hamilton grew its stake in shares of Vivmark Residential Common Shares of Beneficial Interest by 47.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,301 shares of the company’s stock valued at $79,000 after buying an additional 421 shares during the period. Mather Group LLC. purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at approximately $33,000. First Financial Corp IN acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth approximately $42,000. Finally, American National Bank & Trust acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth approximately $69,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.
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 owned 28,934 shares in the company, valued at approximately $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 accessible through this link. Also, COO Michael L. Manelis sold 7,825 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $64.31, for a total transaction of $503,225.75. Following the completion of the sale, the chief operating officer owned 44,713 shares of the company’s stock, valued at $2,875,493.03. This trade represents a 14.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,286 shares of company stock worth $3,735,822 in the last three months. 1.20% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on Vivmark Residential Common Shares of Beneficial Interest
Vivmark Residential Common Shares of Beneficial Interest Stock Up 1.0%
VMRK stock traded up $0.61 during mid-day trading on Thursday, hitting $61.41. 1,149,428 shares of the company were exchanged, compared to its average volume of 3,542,794. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $23.03 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 3.55 and a beta of 0.74. The firm’s fifty day simple moving average is $63.37. Vivmark Residential Common Shares of Beneficial Interest has a 12-month low of $57.57 and a 12-month high of $71.50.
Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share 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%. Research 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Monday, October 5th will be given a dividend of $0.7025 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.6%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is presently 122.17%.
About Vivmark Residential Common Shares of Beneficial Interest
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
- Five stocks we like better than Vivmark Residential Common Shares of Beneficial Interest
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
- Fastenal Flashes Bullish Signal as Uptrend Holds Despite Margin Pressure
- Synopsys Signals Confidence With $1B Accelerated Buyback, Analysts Raise Targets
Want to see what other hedge funds are holding VMRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Free Report).
Receive News & Ratings for Vivmark Residential Common Shares of Beneficial Interest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vivmark Residential Common Shares of Beneficial Interest and related companies with MarketBeat.com's FREE daily email newsletter.
