Pensionfund PDN Purchases 108,906 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

Key Points

• Pensionfund PDN purchased 108,906 VMRK shares worth approximately $6.6 million, making Vivmark Residential its seventh-largest holding and representing 2.7% of the fund’s portfolio. Institutional investors collectively own 92.68% of the company.
• VMRK traded down 0.9% to $59.26, below the analyst consensus target of $73.29. Analysts’ overall rating is “Hold”, with five Buy ratings and ten Hold ratings.
• The company declared a quarterly dividend of $0.7025, equivalent to an annualized $2.81 payout and a 4.7% yield. Meanwhile, insiders sold 58,286 shares worth approximately $3.7 million over the past three months.

Pensionfund PDN purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 108,906 shares of the company's stock, valued at approximately $6,617,000. Vivmark Residential Common Shares of Beneficial Interest makes up 2.7% of Pensionfund PDN's holdings, making the stock its 7th biggest holding.

A number of other hedge funds have also made changes to their positions in the stock. Planning Strategies Inc. boosted its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 87.5% during the 3rd quarter. Planning Strategies Inc. now owns 538 shares of the company's stock worth $33,000 after buying an additional 251 shares during the period. Tompkins Financial Corp bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $76,000. MassMutual Private Wealth & Trust FSB bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $127,000. Montecito Bank & Trust acquired a new position in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at $244,000. Finally, Syon Capital LLC bought a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 2nd quarter valued at $354,000. Institutional investors and hedge funds own 92.68% of the company's stock.

Vivmark Residential Common Shares of Beneficial Interest Trading Down 0.9%

VMRK traded down $0.53 during midday trading on Monday, hitting $59.26. The company had a trading volume of 1,296,891 shares, compared to its average volume of 3,486,520. 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 capitalization of $22.22 billion, a PE ratio of 25.76, a PEG ratio of 3.47 and a beta of 0.74. The company has a current ratio of 0.19, a quick 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 released its quarterly earnings results 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 net margin of 27.97% and a return on equity of 8.06%. As a group, equities analysts anticipate 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Monday, October 5th will be given a $0.7025 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest's dividend payout ratio (DPR) is presently 122.17%.

Insider Activity

In other news, Director Chris Carr sold 1,130 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $65.28, for a total transaction of $73,766.40. Following the completion of the sale, the director owned 4,461 shares in the company, valued at $291,214.08. The trade was a 20.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Swanezy sold 15,700 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 28,934 shares in the company, valued at $1,845,989.20. This represents a 35.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 58,286 shares of company stock worth $3,735,822. Corporate insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

VMRK has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday, August 24th. They issued a "neutral" rating and a $73.00 target price for the company. Weiss Ratings assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 19th. They set a "hold (c)" rating on the stock. KeyCorp initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 26th. They set a "sector weight" rating on the stock. Piper Sandler lifted their price target on shares of 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, BMO Capital Markets dropped their target price on 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. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Vivmark Residential Common Shares of Beneficial Interest has an average rating of "Hold" and an average target price of $73.29.

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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