815,479 Shares in Vivmark Residential Common Shares of Beneficial Interest $VMRK Acquired by Investure LLC

Key Points

• Investure LLC acquired 815,479 Vivmark shares in the third quarter, worth about $49.5 million and representing 0.22% of the company; the holding is 2.7% of Investure’s portfolio and its seventh-largest position.
• Institutional investors own 92.68% of the stock. Analysts’ consensus rating is Hold, with an average price target of $71.42.
• Vivmark reported quarterly EPS of $0.30 and revenue of $785.05 million. Its annualized dividend is $2.81 per share, a 4.4% yield, though the reported payout ratio is exceptionally high at 1,040.74%.

Investure LLC acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 815,479 shares of the company's stock, valued at approximately $49,549,000. Vivmark Residential Common Shares of Beneficial Interest comprises approximately 2.7% of Investure LLC's holdings, making the stock its 7th largest holding. Investure LLC owned 0.22% of Vivmark Residential Common Shares of Beneficial Interest at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Safe Harbor Family Capital LLC purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth $372,000. Harbour Investments Inc. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at about $46,000. Avise Financial Cooperative Inc. purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $344,000. Danske Bank A S purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $32,762,000. Finally, Diversified Trust Co purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $217,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Shares of Vivmark Residential Common Shares of Beneficial Interest stock traded up $0.35 during trading hours on Friday, hitting $64.28. The company's stock had a trading volume of 5,410,994 shares, compared to its average volume of 4,790,450. The company has a market cap of $24.10 billion, a PE ratio of 238.08, a price-to-earnings-growth ratio of 3.76 and a beta of 0.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.19 and a current ratio of 0.58. Vivmark Residential Common Shares of Beneficial Interest has a twelve month low of $57.57 and a twelve month high of $71.50. The company's fifty day simple moving average is $62.57.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. The firm had revenue of $785.05 million during the quarter. Vivmark Residential Common Shares of Beneficial Interest had a negative return on equity of 0.80% and a negative net margin of 4.21%. On average, sell-side analysts expect that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 earnings per share for the current fiscal year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.4%. Vivmark Residential Common Shares of Beneficial Interest's dividend payout ratio (DPR) is currently 1,040.74%.

Insiders Place Their Bets

In other news, Director Chris Carr sold 1,130 shares of the company's stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $65.28, for a total value of $73,766.40. Following the transaction, the director directly owned 4,461 shares in the company, valued at approximately $291,214.08. This represents a 20.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher B. Howard sold 8,486 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $64.00, for a total transaction of $543,104.00. Following the transaction, the director directly owned 12,730 shares of the company's stock, valued at $814,720. The trade was a 40.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 58,286 shares of company stock worth $3,735,822. Insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VMRK shares. Morgan Stanley assumed coverage on shares of 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 objective for the company. BTIG Research reiterated a "neutral" rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Thursday, September 17th. JPMorgan Chase & Co. started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday, August 24th. They issued a "neutral" rating and a $73.00 price target for the company. Weiss Ratings downgraded shares of Vivmark Residential Common Shares of Beneficial Interest from a "hold (c)" rating to a "sell (d)" rating in a report on Tuesday. Finally, Piper Sandler cut their price target 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. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $71.42.

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

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