Rakuten Investment Management Inc. grew its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Free Report) by 132.1% in the third quarter, HoldingsChannel reports. The fund owned 128,911 shares of the company’s stock after buying an additional 73,361 shares during the period. Rakuten Investment Management Inc.’s holdings in Vivmark Residential Common Shares of Beneficial Interest were worth $7,909,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently modified their holdings of VMRK. American Assets Investment Management LLC bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at about $6,076,000. Provenance Wealth Advisors LLC lifted its holdings in Vivmark Residential Common Shares of Beneficial Interest by 10,433.3% in the third quarter. Provenance Wealth Advisors LLC now owns 632 shares of the company’s stock worth $38,000 after purchasing an additional 626 shares during the period. Oregon Public Employees Retirement Fund acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $5,379,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $72,000. Finally, Greenleaf Trust bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $637,000. Institutional investors own 92.68% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on VMRK shares. Stifel Nicolaus dropped their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Piper Sandler decreased their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a “neutral” rating for the company in a report on Monday, October 12th. Morgan Stanley started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. They set an “overweight” rating and a $75.00 price objective on the stock. JPMorgan Chase & Co. began coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Monday, August 24th. They set a “neutral” rating and a $73.00 target price on the stock. Finally, Wells Fargo & Company dropped their target price on Vivmark Residential Common Shares of Beneficial Interest from $72.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $71.42.
Read Our Latest Stock Report on VMRK
Insider Activity at Vivmark Residential Common Shares of Beneficial Interest
In related news, EVP Edward M. Schulman sold 16,595 shares of the business’s 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 sale, the executive vice president directly owned 48,776 shares in the company, valued at $3,135,809.04. The trade was a 25.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles E. Mueller, Jr. sold 8,000 shares of the business’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 sale, the director 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 58,286 shares of company stock worth $3,735,822. Company insiders own 1.20% of the company’s stock.
Vivmark Residential Common Shares of Beneficial Interest Stock Up 2.7%
Shares of Vivmark Residential Common Shares of Beneficial Interest stock opened at $65.45 on Friday. The company has a fifty day moving average price of $62.60. Vivmark Residential Common Shares of Beneficial Interest has a fifty-two week low of $57.57 and a fifty-two week high of $71.50. The firm has a market capitalization of $24.54 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 3.69 and a beta of 0.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.19 and a current ratio of 0.19.
Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share (EPS) 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 firm had revenue of $785.05 million for the quarter. Analysts anticipate 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 Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 5th were given a dividend of $0.7025 per share. The ex-dividend date was Monday, October 5th. This represents a $2.81 annualized dividend and a dividend yield of 4.3%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is 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.
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