Fort Washington Investment Advisors Inc. OH Acquires 638,739 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

Key Points

• Fort Washington Investment Advisors acquired 638,739 shares of Vivmark Residential, valued at approximately $38.8 million, giving it a 0.17% stake. Institutional investors collectively own 92.68% of the company.
• Vivmark’s stock opened at $60.80, compared with a 52-week range of $57.57 to $71.50. The company reported quarterly revenue of $785.05 million and earnings of $0.30 per share.
• The company declared a quarterly dividend of $0.7025, equivalent to an annualized $2.81 and a 4.6% yield, while analysts maintain an overall “Hold” rating with an average price target of $71.73.

Fort Washington Investment Advisors Inc. OH 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 disclosure with the Securities and Exchange Commission (SEC). The fund acquired 638,739 shares of the company's stock, valued at approximately $38,810,000. Fort Washington Investment Advisors Inc. OH owned 0.17% of Vivmark Residential Common Shares of Beneficial Interest as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth approximately $42,080,000. Perpetual Ltd purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at approximately $26,651,000. Pensionfund PDN acquired a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth approximately $6,617,000. Pensionfund Sabic purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at about $3,181,000. Finally, Weil Company Inc. purchased a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at approximately $1,806,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

NYSE:VMRK opened at $60.80 on Thursday. 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 one year low of $57.57 and a one year high of $71.50. The stock has a 50-day simple moving average of $63.37. The firm has a market capitalization of $22.80 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 3.55 and a beta of 0.74.

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 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%. The firm had revenue of $785.05 million during the quarter. On average, equities research analysts predict 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 business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, October 5th will be paid a $0.7025 dividend. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest's dividend payout ratio is 122.17%.

Insider Buying and Selling 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 stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $63.80, for a total transaction of $1,001,660.00. Following the transaction, the director owned 28,934 shares of the company's stock, valued at $1,845,989.20. This trade represents a 35.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Michael L. Manelis sold 7,825 shares of Vivmark Residential Common Shares of Beneficial Interest 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. The trade was a 14.89% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 58,286 shares of company stock valued at $3,735,822. Corporate insiders own 1.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on VMRK shares. Weiss Ratings initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 19th. They issued a "hold (c)" rating for the company. Piper Sandler decreased their price target on 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. Scotiabank decreased their price target on Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a "sector perform" rating for the company in a report on Thursday, September 17th. BTIG Research reaffirmed a "neutral" rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Thursday, September 17th. Finally, Evercore started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 18th. They set an "in-line" rating and a $72.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Vivmark Residential Common Shares of Beneficial Interest presently has an average rating of "Hold" and an average price target of $71.73.

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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