Nisa Investment Advisors LLC Acquires 129,761 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

Key Points

• Nisa Investment Advisors acquired 129,761 VMRK shares worth approximately $7.9 million during the third quarter. Institutional investors collectively own 92.68% of the company.
• Company insiders sold 58,286 shares valued at about $3.7 million over the past 90 days, including substantial ownership reductions by directors Christopher Howard and Susan Swanezy.
• VMRK was trading at $63.62, while analysts maintained a consensus “Hold” rating and an average price target of $71.42. The company’s quarterly dividend equates to a 4.4% annualized yield.

Nisa Investment Advisors 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 filing with the Securities and Exchange Commission (SEC). The firm acquired 129,761 shares of the company's stock, valued at approximately $7,884,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ferguson Wellman Capital Management Inc. purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth about $42,080,000. Robeco Institutional Asset Management B.V. acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $41,636,000. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $38,810,000. State of Alaska Department of Revenue purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $27,330,000. Finally, Perpetual Ltd acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $26,651,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Christopher B. Howard sold 8,486 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $64.00, for a total value of $543,104.00. Following the completion of the transaction, the director directly owned 12,730 shares of the company's stock, valued at $814,720. This represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan Swanezy sold 15,700 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The shares were 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 of the company's stock, valued at $1,845,989.20. This trade represents a 35.17% 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 valued at $3,735,822 over the last 90 days. Insiders own 1.20% of the company's stock.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

Shares of NYSE VMRK opened at $63.62 on Friday. The stock has a market cap of $23.86 billion, a P/E ratio of 27.66, a price-to-earnings-growth ratio of 3.60 and a beta of 0.74. 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 business's 50-day simple moving average is $63.16. Vivmark Residential Common Shares of Beneficial Interest has a 1 year low of $57.57 and a 1 year high of $71.50.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 earnings per share (EPS) 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 business had revenue of $785.05 million during the quarter. As a group, equities research analysts expect that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current 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. The ex-dividend date was Monday, October 5th. This represents a $2.81 annualized dividend and a yield of 4.4%. Vivmark Residential Common Shares of Beneficial Interest's payout ratio is presently 122.17%.

Analysts Set New Price Targets

VMRK has been the topic of a number of recent research reports. KeyCorp started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 26th. They set a "sector weight" rating on the stock. Cantor Fitzgerald reiterated a "neutral" rating and issued a $70.00 price target on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. BMO Capital Markets lowered their price target on shares of 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. BTIG Research reiterated a "neutral" rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Thursday, September 17th. Finally, 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 research report on Monday, October 12th. 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 MarketBeat.com, Vivmark Residential Common Shares of Beneficial Interest presently has a consensus rating of "Hold" and a consensus target price 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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