1,738,985 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK Acquired by Aew Capital Management Inc.

Key Points

• Aew Capital Management acquired 1.74 million VMRK shares in the third quarter, worth about $105.7 million. The position represents 0.46% of the company and 6.9% of Aew’s portfolio, making it the firm’s third-largest holding.
• Institutional investors own 92.68% of VMRK shares. Company insiders, meanwhile, sold 58,286 shares worth approximately $3.74 million over the past 90 days.
• Analyst sentiment is generally neutral: the stock has an average “Hold” rating and a consensus price target of $71.42. Vivmark also pays an annualized dividend of $2.81 per share, a 4.4% yield.

Aew Capital Management Inc. purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,738,985 shares of the company's stock, valued at approximately $105,661,000. Vivmark Residential Common Shares of Beneficial Interest makes up 6.9% of Aew Capital Management Inc.'s holdings, making the stock its 3rd largest holding. Aew Capital Management Inc. owned 0.46% of Vivmark Residential Common Shares of Beneficial Interest at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VMRK. New Mexico Educational Retirement Board acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at about $2,248,000. Bingham Private Wealth LLC grew its position in Vivmark Residential Common Shares of Beneficial Interest by 7.8% during the 3rd quarter. Bingham Private Wealth LLC now owns 4,683 shares of the company's stock worth $285,000 after purchasing an additional 340 shares during the last quarter. Maryland State Retirement & Pension System grew its position in Vivmark Residential Common Shares of Beneficial Interest by 130.3% during the 3rd quarter. Maryland State Retirement & Pension System now owns 47,531 shares of the company's stock worth $2,888,000 after purchasing an additional 26,894 shares during the last quarter. Jacobi Capital Management LLC acquired a new position in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at approximately $41,000. Finally, First Command Advisory Services Inc. increased its stake in Vivmark Residential Common Shares of Beneficial Interest by 779.2% during the 3rd quarter. First Command Advisory Services Inc. now owns 5,161 shares of the company's stock valued at $314,000 after purchasing an additional 4,574 shares in the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Charles E. Mueller, Jr. sold 8,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were 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. This trade represents a 33.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael L. Manelis sold 7,825 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction 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 in the company, valued at $2,875,493.03. This represents a 14.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,286 shares of company stock worth $3,735,822 in the last ninety days. Company insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VMRK shares. Royal Bank Of Canada decreased their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a "sector perform" rating for the company in a report on Tuesday, October 13th. KeyCorp initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 26th. They set a "sector weight" rating on the stock. BMO Capital Markets cut their target price 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 research report on Monday, August 24th. Barclays reduced their target price on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 14th. Finally, Morgan Stanley assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. They set an "overweight" rating and a $75.00 price target for the company. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Vivmark Residential Common Shares of Beneficial Interest has an average rating of "Hold" and a consensus price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Shares of VMRK opened at $64.56 on Thursday. The firm has a market cap of $24.21 billion, a P/E ratio of 239.11, a P/E/G ratio of 3.80 and a beta of 0.72. 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 stock's 50-day moving average is $62.60. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.58 and a quick ratio of 0.19.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) last posted 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 negative net margin of 4.21% and a negative return on equity of 0.80%. The business had revenue of $785.05 million for the quarter. Analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 EPS for the current year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 5th were issued 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 4.4%. Vivmark Residential Common Shares of Beneficial Interest's dividend payout ratio is presently 1,040.74%.

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, D.C., Seattle, San Francisco, Southern California and Denver.

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