Consolidated Investment Group LLC Purchases New Position in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Key Points

• Consolidated Investment Group acquired 97,668 VMRK shares in the third quarter, worth about $5.9 million. Institutional investors collectively own 92.68% of the stock.
• VMRK’s quarterly dividend is $0.7025 per share, or $2.81 annualized, representing a 4.2% yield; the reported payout ratio is 1,040.74%.
• Analyst sentiment is largely neutral: the consensus rating is Hold, with an average price target of $71.19. Recent firms lowered several targets, while shares opened at $66.15.

Consolidated Investment Group LLC acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 97,668 shares of the company's stock, valued at approximately $5,934,000.

Other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. purchased a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $221,533,000. Asset Management One Co. Ltd. purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at about $85,957,000. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at about $42,080,000. Robeco Institutional Asset Management B.V. bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $41,636,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $38,810,000. 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 VMRK stock opened at $66.15 on Tuesday. Vivmark Residential Common Shares of Beneficial Interest has a 52-week low of $57.57 and a 52-week high of $71.50. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market cap of $24.80 billion, a price-to-earnings ratio of 245.01, a PEG ratio of 3.69 and a beta of 0.72. The business has a fifty day simple moving average of $62.61.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 EPS for the quarter. The business 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%. On average, sell-side analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 EPS for the current fiscal year.

Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were paid a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest's dividend payout ratio (DPR) is 1,040.74%.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Susan Swanezy sold 15,700 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $63.80, for a total value of $1,001,660.00. Following the completion of the transaction, the director directly owned 28,934 shares in the company, valued at $1,845,989.20. This represents a 35.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christopher B. Howard sold 8,486 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $64.00, for a total transaction of $543,104.00. Following the sale, the director directly owned 12,730 shares of the company's stock, valued at approximately $814,720. This trade represents a 40.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,286 shares of company stock worth $3,735,822 in the last three months. Corporate insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VMRK. Piper Sandler dropped their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a "neutral" rating on the stock in a report on Monday, October 12th. Royal Bank Of Canada reduced their target price 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. Scotiabank decreased their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a "sector perform" rating on the stock in a research report on Thursday, September 17th. Cantor Fitzgerald decreased their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $68.00 and set a "neutral" rating on the stock in a research report on Monday. Finally, Barclays dropped 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. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $71.19.

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, DC, Seattle, San Francisco, Southern California and Denver.

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