Vivmark Residential Common Shares of Beneficial Interest $VMRK Shares Newly Acquired by Bahl & Gaynor LLC

Key Points

• Bahl & Gaynor acquired a new 1.61 million-share stake in Vivmark Residential in the third quarter, valued at about $97.8 million and representing roughly 0.43% of the company.
• Institutional ownership stands at 92.68%, with several other investors also adding positions. Meanwhile, company insiders sold 58,286 shares worth approximately $3.74 million over the past 90 days.
• Analysts’ consensus rating is Hold, with an average price target of $71.42. Vivmark also pays a quarterly dividend of $0.7025 per share, equivalent to a 4.3% yield at the cited share price.

Bahl & Gaynor LLC purchased 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 Securities & Exchange Commission. The fund purchased 1,610,065 shares of the company's stock, valued at approximately $97,828,000. Bahl & Gaynor LLC owned approximately 0.43% of Vivmark Residential Common Shares of Beneficial Interest as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VMRK. Knights of Columbus Asset Advisors LLC increased its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 265.6% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 139,505 shares of the company's stock worth $8,476,000 after buying an additional 101,349 shares in the last quarter. Lido Advisors LLC acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $390,000. Keybank National Association OH acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $795,000. Narwhal Capital Management acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $8,957,000. Finally, New York Life Investment Management LLC bought a new stake in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth approximately $6,516,000. 92.68% of the stock is owned by institutional investors.

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

In other Vivmark Residential Common Shares of Beneficial Interest news, EVP Edward M. Schulman sold 16,595 shares of the company's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $64.29, for a total transaction of $1,066,892.55. Following the transaction, the executive vice president directly owned 48,776 shares in the company, valued at approximately $3,135,809.04. This represents a 25.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan Swanezy sold 15,700 shares of the firm's stock in a transaction dated 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 directly owned 28,934 shares in the company, valued at $1,845,989.20. This trade represents a 35.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,286 shares of company stock valued at $3,735,822 over the last ninety days. Company insiders own 1.20% of the company's stock.

Analyst Ratings Changes

VMRK has been the subject of a number of recent analyst reports. Evercore initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 18th. They set an "in-line" rating and a $72.00 price target for the company. Mizuho upgraded Vivmark Residential Common Shares of Beneficial Interest from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $70.00 to $73.00 in a research report on Tuesday, September 8th. JPMorgan Chase & Co. began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday, August 24th. They issued a "neutral" rating and a $73.00 price objective on the stock. 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 on the stock in a report on Monday, October 19th. Finally, Barclays lowered their target price on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 14th. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Vivmark Residential Common Shares of Beneficial Interest has an average rating of "Hold" and a consensus price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

VMRK opened at $65.78 on Wednesday. Vivmark Residential Common Shares of Beneficial Interest has a one year low of $57.57 and a one year high of $71.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.35 and a quick ratio of 0.19. The firm's 50 day moving average is $62.62. The company has a market capitalization of $24.66 billion, a PE ratio of 220.47, a P/E/G ratio of 3.82 and a beta of 0.72.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 EPS for the quarter. The firm had revenue of $785.05 million for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a negative return on equity of 0.80% and a negative net margin of 4.21%. As a group, analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 EPS for the current year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 5th were paid a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest's dividend payout ratio is 1,040.74%.

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, D.C., Seattle, San Francisco, Southern California and Denver.

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