Sumitomo Mitsui Trust Group Inc. Makes New Investment in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Sumitomo Mitsui Trust Group Inc. bought a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,646,026 shares of the company's stock, valued at approximately $221,533,000. Sumitomo Mitsui Trust Group Inc. owned approximately 0.97% of Vivmark Residential Common Shares of Beneficial Interest at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VMRK. Pensionfund Sabic purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $3,181,000. Red Spruce Capital LLC acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth approximately $1,367,000. Perpetual Ltd acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth approximately $26,651,000. Pensionfund PDN acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth approximately $6,617,000. Finally, LDR Capital Management LLC purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at approximately $1,703,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on VMRK. Mizuho raised shares of Vivmark Residential Common Shares of Beneficial Interest from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $70.00 to $73.00 in a research report on Tuesday, September 8th. Wells Fargo & Company decreased their target price on Vivmark Residential Common Shares of Beneficial Interest from $72.00 to $68.00 and set an "overweight" rating for the company in a research report on Monday, October 19th. UBS Group lowered their target price on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $71.00 and set a "buy" rating for the company in a research note on Wednesday, October 14th. Scotiabank reduced their price target on 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. Finally, Royal Bank Of Canada decreased their price target on Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a "sector perform" rating for the company in a report on Tuesday, October 13th. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $71.42.

Insider Activity

In other news, Director Charles E. Mueller, Jr. sold 8,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $63.90, for a total value of $511,200.00. Following the completion of the transaction, the director owned 16,084 shares of the company's stock, valued at approximately $1,027,767.60. This represents a 33.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christopher B. Howard sold 8,486 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $64.00, for a total value 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,286 shares of company stock worth $3,735,822 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 0.1%

Shares of NYSE:VMRK opened at $61.86 on Monday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.77. The firm's 50-day simple moving average is $62.92. The company has a market cap of $23.19 billion, a P/E ratio of 26.89, a PEG ratio of 3.59 and a beta of 0.72. Vivmark Residential Common Shares of Beneficial Interest has a fifty-two week low of $57.57 and a fifty-two week high of $71.50.

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 earnings per share for the quarter. The company 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%. As a group, research analysts forecast 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 announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were given a $0.7025 dividend. This represents a $2.81 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest's dividend payout ratio (DPR) is currently 122.17%.

Vivmark Residential Common Shares of Beneficial Interest Company 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.

Want to see what other hedge funds are holding VMRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.