Ferguson Wellman Capital Management Inc. Purchases 692,560 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

Key Points

• Ferguson Wellman Capital Management acquired 692,560 shares of VMRK worth approximately $42.1 million, while institutional investors collectively owned 92.68% of the company.
• Analysts maintain a generally cautious outlook, with five Buy ratings and ten Hold ratings, producing an average rating of Hold and an average price target of $73.29.
• VMRK traded at $59.34, near its 52-week low, and declared a quarterly dividend of $0.7025, equivalent to a 4.7% annualized yield; insiders sold 58,286 shares worth roughly $3.7 million during the quarter.

Ferguson Wellman Capital Management Inc. 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 13F filing with the Securities & Exchange Commission. The fund acquired 692,560 shares of the company's stock, valued at approximately $42,080,000. Ferguson Wellman Capital Management Inc. owned approximately 0.18% of Vivmark Residential Common Shares of Beneficial Interest at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Planning Strategies Inc. boosted its holdings in Vivmark Residential Common Shares of Beneficial Interest by 87.5% in the 3rd quarter. Planning Strategies Inc. now owns 538 shares of the company's stock worth $33,000 after acquiring an additional 251 shares during the period. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $127,000. Montecito Bank & Trust purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $244,000. Syon Capital LLC acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the second quarter worth $354,000. Finally, CX Institutional boosted its stake in shares of Vivmark Residential Common Shares of Beneficial Interest by 111.6% in the third quarter. CX Institutional now owns 6,218 shares of the company's stock valued at $378,000 after purchasing an additional 3,279 shares during the period. Institutional investors and hedge funds own 92.68% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on VMRK. JPMorgan Chase & Co. initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Monday, August 24th. They set a "neutral" rating and a $73.00 price target for the company. Evercore began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 18th. They issued an "in-line" rating and a $72.00 price objective for the company. Weiss Ratings began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 19th. They set a "hold (c)" rating for the company. Piper Sandler boosted their price target on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $76.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 26th. Finally, Stifel Nicolaus lowered their price objective on Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a "buy" rating for the company in a research note on Wednesday, August 19th. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $73.29.

Insider Activity

In other news, Director Chris Carr sold 1,130 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $65.28, for a total transaction of $73,766.40. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Swanezy sold 15,700 shares of the business's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $63.80, for a total transaction of $1,001,660.00. Following the transaction, the director directly owned 28,934 shares of the company's stock, valued at approximately $1,845,989.20. This trade represents a 35.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,286 shares of company stock valued at $3,735,822 over the last quarter. Corporate insiders own 1.20% of the company's stock.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Shares of Vivmark Residential Common Shares of Beneficial Interest stock traded down $0.45 during trading on Monday, reaching $59.34. The company had a trading volume of 1,229,014 shares, compared to its average volume of 3,486,221. The firm has a market cap of $22.25 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 3.47 and a beta of 0.74. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.19 and a current ratio of 0.19. Vivmark Residential Common Shares of Beneficial Interest has a fifty-two week low of $57.57 and a fifty-two week high of $71.50.

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 earnings per share for the quarter. The firm had revenue of $785.05 million during the quarter. Vivmark Residential Common Shares of Beneficial Interest had a return on equity of 8.06% and a net margin of 27.97%. Equities analysts forecast 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, October 5th will be issued a $0.7025 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $2.81 annualized dividend and a dividend yield of 4.7%. Vivmark Residential Common Shares of Beneficial Interest's payout ratio is 122.17%.

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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