79,540 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK Bought by Beverly Hills Private Wealth LLC

Key Points

• Beverly Hills Private Wealth LLC opened a position of 79,540 Vivmark Residential shares in the third quarter, worth approximately $4.83 million. Institutional investors collectively own 92.68% of the stock.
• Company insiders sold 58,286 shares worth about $3.74 million over the past 90 days. Insider ownership stands at 1.20%.
• Analysts’ consensus rating is Hold, with an average price target of $71.42; the stock also offers an annualized dividend yield of 4.3%.

Beverly Hills Private Wealth LLC acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 79,540 shares of the company's stock, valued at approximately $4,833,000.

Other institutional investors also recently added to or reduced their stakes in the company. Blume Capital Management Inc. purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at approximately $25,000. Physician Wealth Advisors Inc. acquired a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $27,000. Farmers & Merchants Investments Inc. acquired a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $31,000. Planning Strategies Inc. raised its position in Vivmark Residential Common Shares of Beneficial Interest by 87.5% in the third quarter. Planning Strategies Inc. now owns 538 shares of the company's stock worth $33,000 after acquiring an additional 251 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth $33,000. Hedge funds and other institutional investors own 92.68% of the company's stock.

Insiders Place Their Bets

In other Vivmark Residential Common Shares of Beneficial Interest news, EVP Edward M. Schulman sold 16,595 shares of the business's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $64.29, for a total transaction of $1,066,892.55. Following the transaction, the executive vice president owned 48,776 shares in the company, valued at $3,135,809.04. The trade was a 25.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Michael L. Manelis sold 7,825 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $64.31, for a total value of $503,225.75. Following the completion of the transaction, the chief operating officer owned 44,713 shares of the company's stock, valued at approximately $2,875,493.03. This represents a 14.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 58,286 shares of company stock worth $3,735,822. 1.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on VMRK shares. Barclays lowered their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 14th. Cantor Fitzgerald began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. They issued a "neutral" rating and a $70.00 price objective for the company. BTIG Research reiterated a "neutral" rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Thursday, September 17th. Evercore began coverage on shares of 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 on the stock. Finally, Stifel Nicolaus lowered their target price 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. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 0.0%

Shares of NYSE:VMRK opened at $65.53 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.35 and a quick ratio of 0.19. The stock has a market capitalization of $24.57 billion, a P/E ratio of 242.69, a P/E/G ratio of 3.79 and a beta of 0.72. Vivmark Residential Common Shares of Beneficial Interest has a 52-week low of $57.57 and a 52-week high of $71.50. The firm has a fifty day moving average of $62.60.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) last announced 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 firm had revenue of $785.05 million for the quarter. On average, sell-side analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 earnings per share for the current year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 5th were paid a $0.7025 dividend. This represents a $2.81 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest's payout ratio is currently 1,040.74%.

Vivmark Residential Common Shares of Beneficial Interest Company 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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