Pensionfund Sabic Buys New Holdings in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Key Points

• Pensionfund Sabic acquired 52,347 VMRK shares worth approximately $3.18 million, making Vivmark Residential its seventh-largest holding and representing about 2.6% of its portfolio. Institutional investors collectively own 92.68% of the stock.
• VMRK shares fell 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 and a 4.7% yield, although its payout ratio is high at 122.17%. Insiders sold 58,286 shares worth roughly $3.74 million over the past 90 days.

Pensionfund Sabic purchased a new stake in shares of 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 Securities and Exchange Commission (SEC). The firm purchased 52,347 shares of the company's stock, valued at approximately $3,181,000. Vivmark Residential Common Shares of Beneficial Interest makes up about 2.6% of Pensionfund Sabic's portfolio, making the stock its 7th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in VMRK. Ferguson Wellman Capital Management Inc. purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at $42,080,000. Pensionfund PDN purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth $6,617,000. Syon Capital LLC bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the second quarter valued at $354,000. Montecito Bank & Trust purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at $244,000. Finally, CX Institutional increased its holdings in Vivmark Residential Common Shares of Beneficial Interest by 111.6% in the 3rd quarter. CX Institutional now owns 6,218 shares of the company's stock worth $378,000 after buying an additional 3,279 shares in the last quarter. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 0.9%

Shares of NYSE VMRK traded down $0.53 during 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 12 month low of $57.57 and a 12 month high of $71.50. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $22.22 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 3.47 and a beta of 0.74.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) last released its earnings results 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 net margin of 27.97% and a return on equity of 8.06%. The company 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 earnings per share for the current year.

Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders 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 yield of 4.7%. The ex-dividend date is Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest's dividend payout ratio is presently 122.17%.

Wall Street Analyst Weigh In

Several research firms have issued reports on VMRK. UBS Group started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, September 15th. They set a "buy" rating and a $75.00 target price on the stock. Weiss Ratings initiated 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. JPMorgan Chase & Co. started coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Monday, August 24th. They issued a "neutral" rating and a $73.00 price objective for the company. Morgan Stanley began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. They set an "overweight" rating and a $75.00 price objective for the company. Finally, Barclays lowered their target price on Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $75.00 and set an "equal weight" rating on the stock in a report on Wednesday, September 2nd. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $73.29.

Insiders Place Their Bets

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Charles E. Mueller, Jr. sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $63.90, for a total transaction of $511,200.00. Following the completion of the sale, the director directly owned 16,084 shares of the company's stock, valued at $1,027,767.60. This trade represents a 33.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher B. Howard sold 8,486 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $64.00, for a total transaction of $543,104.00. Following the sale, the director owned 12,730 shares in the company, valued at approximately $814,720. The trade was a 40.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 58,286 shares of company stock valued at $3,735,822. Insiders own 1.20% of the company's stock.

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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