Mirae Asset Global Investments Co. Ltd. Purchases New Holdings in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Key Points

• Mirae Asset Global Investments bought 212,181 VMRK shares in the third quarter, valued at about $12.9 million, representing roughly 0.06% of the company. Several other institutional investors also opened positions; institutions collectively own 92.68% of the stock.
• VMRK shares recently opened at $61.93, down 0.5%. The company reported quarterly EPS of $0.30 on revenue of $785.05 million and paid a quarterly dividend of $0.7025, equivalent to a 4.5% annualized yield.
• Analyst sentiment is mostly neutral: 11 analysts rate the stock Hold and five rate it Buy, with a consensus price target of $71.42. Company insiders sold about 58,286 shares worth $3.74 million over the last quarter.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 212,181 shares of the company's stock, valued at approximately $12,892,000. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of Vivmark Residential Common Shares of Beneficial Interest as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Pensionfund Sabic bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $3,181,000. Perpetual Ltd purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at $26,651,000. Red Spruce Capital LLC bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $1,367,000. Pensionfund PDN bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $6,617,000. Finally, LDR Capital Management LLC bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $1,703,000. 92.68% of the stock is owned by institutional investors.

Vivmark Residential Common Shares of Beneficial Interest Trading Down 0.5%

Shares of VMRK stock opened at $61.93 on Wednesday. Vivmark Residential Common Shares of Beneficial Interest has a twelve month low of $57.57 and a twelve month high of $71.50. The stock has a market cap of $23.22 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 3.61 and a beta of 0.72. The stock has a fifty day moving average price of $62.70. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share (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%. Research analysts predict that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS for the current fiscal year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were paid a $0.7025 dividend. The ex-dividend date of this dividend was Monday, October 5th. This represents a $2.81 dividend on an annualized basis and a yield of 4.5%. Vivmark Residential Common Shares of Beneficial Interest's dividend payout ratio is 122.17%.

Insider Buying and Selling

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Chris Carr sold 1,130 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $65.28, for a total transaction of $73,766.40. Following the transaction, the director directly owned 4,461 shares in the company, valued at $291,214.08. This represents a 20.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christopher B. Howard sold 8,486 shares of the firm's stock in a transaction dated Tuesday, August 18th. The shares were 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 in the company, valued at $814,720. This trade represents a 40.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 58,286 shares of company stock valued at $3,735,822 over the last quarter. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

VMRK has been the subject of a number of research analyst reports. BTIG Research reiterated a "neutral" rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Thursday, September 17th. Cantor Fitzgerald assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. They issued a "neutral" rating and a $70.00 price objective for the company. Morgan Stanley initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. They issued an "overweight" rating and a $75.00 target price on the stock. Wells Fargo & Company reduced their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $72.00 to $68.00 and set an "overweight" rating on the stock in a research report on Monday, October 19th. Finally, Scotiabank reduced their target price 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. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $71.42.

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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