20,284 Shares in Vivmark Residential Common Shares of Beneficial Interest $VMRK Bought by Park Avenue Securities LLC

Key Points

• Park Avenue Securities bought 20,284 shares of Vivmark Residential (VMRK) worth approximately $1.23 million during the third quarter. Institutional investors collectively own 92.68% of the company.
• Company insiders sold 58,286 shares valued at roughly $3.74 million over the past 90 days, including significant sales by a director and an executive vice president.
• Analysts maintain a generally neutral outlook: VMRK has an average rating of “Hold” and a consensus price target of $71.42, compared with a recent share price of $62.25. The company also pays a quarterly dividend equivalent to a 4.5% annual yield.

Park Avenue Securities LLC purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 20,284 shares of the company's stock, valued at approximately $1,232,000.

Several other large investors also recently made changes to their positions in VMRK. Blume Capital Management Inc. acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth $25,000. Viewpoint Investment Partners Corp raised its stake in shares of Vivmark Residential Common Shares of Beneficial Interest by 10.5% in the 3rd quarter. Viewpoint Investment Partners Corp now owns 6,300 shares of the company's stock valued at $383,000 after purchasing an additional 600 shares during the period. Apollon Wealth Management LLC bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $291,000. Probity Advisors Inc. lifted its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 55.5% in the third quarter. Probity Advisors Inc. now owns 13,422 shares of the company's stock valued at $816,000 after purchasing an additional 4,790 shares in the last quarter. Finally, Signaturefd LLC acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $522,000. Institutional investors own 92.68% of the company's stock.

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

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Christopher B. Howard sold 8,486 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $64.00, for a total value of $543,104.00. Following the completion of the sale, the director owned 12,730 shares in the company, valued at $814,720. This trade represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Edward M. Schulman sold 16,595 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $64.29, for a total transaction of $1,066,892.55. Following the completion of the transaction, the executive vice president directly owned 48,776 shares of the company's stock, valued at approximately $3,135,809.04. This trade represents a 25.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,286 shares of company stock valued at $3,735,822 in the last 90 days. Company insiders own 1.20% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on VMRK. Evercore initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 18th. They set an "in-line" rating and a $72.00 price objective for the company. Royal Bank Of Canada dropped 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 report on Tuesday, October 13th. Weiss Ratings initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 19th. They issued a "hold (c)" rating on the stock. JPMorgan Chase & Co. initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Monday, August 24th. They set a "neutral" rating and a $73.00 price target for the company. Finally, KeyCorp initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 26th. They set a "sector weight" rating 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. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

Shares of NYSE:VMRK opened at $62.25 on Tuesday. The business's 50-day simple moving average is $62.83. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. Vivmark Residential Common Shares of Beneficial Interest has a one year low of $57.57 and a one year high of $71.50. The company has a market cap of $23.34 billion, a PE ratio of 26.14, a PEG ratio of 3.53 and a beta of 0.74.

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 business had revenue of $785.05 million for the quarter. On average, 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 company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were paid a $0.7025 dividend. The ex-dividend date of this dividend was Monday, October 5th. This represents a $2.81 annualized dividend and a dividend yield of 4.5%. Vivmark Residential Common Shares of Beneficial Interest's dividend payout ratio (DPR) is currently 122.17%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.