Boston Trust Walden Corp Acquires New Shares in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Key Points

• Boston Trust Walden opened a new position in Vivmark Residential, purchasing 105,700 shares valued at approximately $6.42 million. Several other institutions also initiated stakes, and institutional investors now own 92.68% of the stock.
• Analyst sentiment is mostly neutral: 11 analysts rate the stock Hold and five rate it Buy, with an average price target of $71.42. Several firms recently lowered their targets.
• Company insiders sold a combined 58,286 shares worth about $3.74 million over the past quarter. Vivmark also paid a quarterly dividend of $0.7025 per share, equivalent to a 4.3% annualized yield at the article’s stated price.

Boston Trust Walden Corp bought a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 105,700 shares of the company's stock, valued at approximately $6,422,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $221,533,000. Asset Management One Co. Ltd. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth about $85,957,000. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $42,080,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $41,636,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $38,810,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest

In other Vivmark Residential Common Shares of Beneficial Interest news, COO Michael L. Manelis sold 7,825 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $64.31, for a total transaction of $503,225.75. Following the transaction, the chief operating officer owned 44,713 shares in the company, valued at $2,875,493.03. This trade represents a 14.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles E. Mueller, Jr. sold 8,000 shares of the stock in a transaction 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 transaction, the director owned 16,084 shares in the company, valued at $1,027,767.60. The trade was a 33.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 58,286 shares of company stock worth $3,735,822. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. BMO Capital Markets reduced their price target on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a "market perform" rating for the company in a report on Monday, August 24th. Stifel Nicolaus dropped their price objective on Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a "buy" rating on the stock in a research note on Wednesday, August 19th. JPMorgan Chase & Co. started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Monday, August 24th. They issued a "neutral" rating and a $73.00 price objective for the company. Wells Fargo & Company reduced their target price on Vivmark Residential Common Shares of Beneficial Interest from $72.00 to $68.00 and set an "overweight" rating for the company in a research note on Monday, October 19th. Finally, Scotiabank decreased their target price on Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a "sector perform" rating on the stock in a report on Thursday, September 17th. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 0.4%

Shares of VMRK stock opened at $65.53 on Friday. Vivmark Residential Common Shares of Beneficial Interest has a 12-month low of $57.57 and a 12-month high of $71.50. The firm has a market capitalization of $24.57 billion, a P/E ratio of 242.69, a PEG ratio of 3.61 and a beta of 0.72. The stock's 50 day moving average is $62.60. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.19 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 EPS for the quarter. The company had revenue of $785.05 million 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%. As a group, research analysts expect that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS 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. Shareholders of record on Monday, October 5th were issued a $0.7025 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest's dividend payout ratio is currently 1,040.74%.

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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