111,396 Shares in Vivmark Residential Common Shares of Beneficial Interest $VMRK Bought by Yousif Capital Management LLC

Key Points

• Yousif Capital Management bought 111,396 shares of Vivmark Residential, valued at approximately $6.8 million, while institutional investors collectively own 92.68% of the stock.
• VMRK was trading near $63.03, with a market capitalization of $23.63 billion. The company reported quarterly revenue of $785.05 million and earnings of $0.30 per share.
• The company’s quarterly dividend is $0.7025 per share, or $2.81 annualized, representing a 4.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $71.42.

Yousif Capital Management LLC bought a new position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 111,396 shares of the company's stock, valued at approximately $6,768,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Patrick M Sweeney & Associates Inc. purchased a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at $268,000. Indiana Trust & Investment Management Co purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $373,000. Howland Capital Management LLC bought a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth $331,000. E. Ohman J or Asset Management AB lifted its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 149.9% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 24,395 shares of the company's stock worth $1,482,000 after acquiring an additional 14,633 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at about $27,000. 92.68% of the stock is owned by hedge funds and other institutional investors.

Vivmark Residential Common Shares of Beneficial Interest Trading Up 0.0%

NYSE VMRK opened at $63.03 on Monday. The company has a market capitalization of $23.63 billion, a PE ratio of 27.41, a PEG ratio of 3.65 and a beta of 0.74. Vivmark Residential Common Shares of Beneficial Interest has a 12 month low of $57.57 and a 12 month high of $71.50. The business has a 50-day moving average of $63.16. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.77.

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. The company 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%. As a group, sell-side analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current year.

Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement

The business also recently announced 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 of this dividend was Monday, October 5th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.5%. Vivmark Residential Common Shares of Beneficial Interest's dividend payout ratio (DPR) is 122.17%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Mizuho raised shares of Vivmark Residential Common Shares of Beneficial Interest from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $70.00 to $73.00 in a research report on Tuesday, September 8th. Piper Sandler cut their target price on Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a "neutral" rating on the stock in a research note on Monday, October 12th. Royal Bank Of Canada cut their target price on Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a "sector perform" rating on the stock in a research note on Tuesday, October 13th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $70.00 price target on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 25th. Finally, Evercore assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 18th. They set an "in-line" rating and a $72.00 price target for the company. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $71.42.

Insider Buying and Selling at Vivmark Residential Common Shares of Beneficial Interest

In related news, 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 value of $511,200.00. Following the completion of the sale, the director owned 16,084 shares in the company, valued at approximately $1,027,767.60. The trade was a 33.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael L. Manelis sold 7,825 shares of the business's 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 completion of the sale, the chief operating officer owned 44,713 shares of the company's stock, valued at $2,875,493.03. The trade was a 14.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In 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.

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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