Vivmark Residential Common Shares of Beneficial Interest $VMRK Holdings Decreased by BDF Gestion

Key Points

• BDF Gestion cut its Vivmark Residential (NYSE: VMRK) position by 48.8% in the third quarter, selling 20,757 shares and retaining 21,735 shares valued at approximately $1.32 million. Institutional investors collectively own 92.68% of the company.
• Company insiders sold 58,286 shares worth about $3.74 million over the past 90 days; two directors reduced their individual holdings by roughly 33% and 40%, respectively.
• Analysts’ consensus rating remains “Hold,” with a target price of $71.42, while recent targets were lowered to $67 by Piper Sandler and RBC. The company also pays a quarterly dividend of $0.7025 per share, implying a 4.6% annualized yield.

BDF Gestion decreased its position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) by 48.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,735 shares of the company's stock after selling 20,757 shares during the quarter. BDF Gestion's holdings in Vivmark Residential Common Shares of Beneficial Interest were worth $1,321,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brown Lisle Cummings Inc. bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth about $122,000. IFP Advisors Inc bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $38,000. AlphaStar Capital Management LLC lifted its position in shares of Vivmark Residential Common Shares of Beneficial Interest by 23.5% in the 3rd quarter. AlphaStar Capital Management LLC now owns 7,945 shares of the company's stock worth $483,000 after purchasing an additional 1,510 shares during the period. Dynamic Wealth Strategies LLC lifted its position in shares of Vivmark Residential Common Shares of Beneficial Interest by 605.0% in the 3rd quarter. Dynamic Wealth Strategies LLC now owns 2,820 shares of the company's stock worth $171,000 after purchasing an additional 2,420 shares during the period. Finally, Sterling Investment Management LLC bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $559,000. Hedge funds and other institutional investors own 92.68% of the company's stock.

Insider Buying and Selling at Vivmark Residential Common Shares of Beneficial Interest

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 transaction of $511,200.00. Following the completion of the sale, the director owned 16,084 shares in the company, valued at approximately $1,027,767.60. This represents a 33.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christopher B. Howard sold 8,486 shares of the 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 sale, the director owned 12,730 shares of the company's stock, valued at approximately $814,720. This represents a 40.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 58,286 shares of company stock valued at $3,735,822. Corporate insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday, August 24th. They set a "neutral" rating and a $73.00 price objective on the stock. Piper Sandler reduced their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a "neutral" rating for the company in a research note on Monday, October 12th. Morgan Stanley initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 25th. They set an "overweight" rating and a $75.00 target price for the company. Royal Bank Of Canada dropped their target price on Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a "sector perform" rating on the stock in a research report on Tuesday, October 13th. Finally, Weiss Ratings started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 19th. They set a "hold (c)" rating on the stock. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Shares of Vivmark Residential Common Shares of Beneficial Interest stock opened at $60.85 on Tuesday. The company has a market capitalization of $22.82 billion, a P/E ratio of 26.29, a PEG ratio of 3.55 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 has a 50-day moving average price of $63.21. Vivmark Residential Common Shares of Beneficial Interest has a one year low of $57.57 and a one year 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. 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. On average, equities analysts predict 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 firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 5th were given a dividend of $0.7025 per share. The ex-dividend date of this dividend was Monday, October 5th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.6%. Vivmark Residential Common Shares of Beneficial Interest's dividend payout ratio is presently 122.17%.

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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