Taylor Frigon Capital Management LLC Purchases New Holdings in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Key Points

• Taylor Frigon Capital Management purchased 24,065 VMRK shares worth approximately $1.46 million in the third quarter, while other institutions also initiated positions; institutional investors now own 92.68% of the stock.
• Company insiders sold 58,286 shares valued at about $3.74 million over the past 90 days, leaving insiders with just 1.20% ownership.
• Analysts maintain a consensus “Hold” rating with a $71.42 price target, while VMRK recently traded near $63.03 and offers a $2.81 annual dividend, yielding approximately 4.5%.

Taylor Frigon Capital Management LLC bought a new position 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 bought 24,065 shares of the company's stock, valued at approximately $1,462,000.

Other institutional investors have also recently made changes to their positions in the company. Evergreen Capital Management LLC acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth about $673,000. Tectonic Advisors LLC acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $818,000. Farmers & Merchants Investments Inc. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $31,000. Wedbush Securities Inc. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $312,000. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $275,000. Hedge funds and other institutional investors own 92.68% of the company's stock.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Christopher B. Howard sold 8,486 shares of the firm'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 sale, the director directly owned 12,730 shares of the company's stock, valued at approximately $814,720. This trade represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles E. Mueller, Jr. sold 8,000 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $63.90, for a total value of $511,200.00. Following the completion of the sale, the director owned 16,084 shares of the company's stock, valued at $1,027,767.60. This trade represents a 33.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,286 shares of company stock valued at $3,735,822 in the last ninety days. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

VMRK has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on Vivmark Residential Common Shares of Beneficial Interest from $72.00 to $68.00 and set an "overweight" rating on the stock in a report on Monday, October 19th. Piper Sandler reduced their price target on Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a "neutral" rating for the company in a research report on Monday, October 12th. BTIG Research reissued a "neutral" rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Thursday, September 17th. UBS Group lowered their price objective on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $71.00 and set a "buy" rating on the stock in a research report on Wednesday, October 14th. Finally, Morgan Stanley initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. They set an "overweight" rating and a $75.00 price objective on the stock. 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 currently has a consensus rating of "Hold" and a consensus price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Shares of Vivmark Residential Common Shares of Beneficial Interest stock opened at $63.03 on Friday. The stock has a 50-day moving average price of $63.16. The firm has a market capitalization of $23.63 billion, a P/E ratio of 27.41, a P/E/G ratio of 3.65 and a beta of 0.74. 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. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.19 and a current ratio of 0.19.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) last posted 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 business had revenue of $785.05 million for the quarter. Equities research analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS for the current year.

Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were issued 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 presently 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.

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