Vivmark Residential Common Shares of Beneficial Interest $VMRK Shares Newly Acquired by ProShare Advisors LLC

Key Points

• ProShare Advisors acquired 134,186 shares of Vivmark Residential in the third quarter, worth about $8.15 million. Several other institutional investors also opened positions, and institutions collectively own 92.68% of the stock.
• Quarterly EPS was $1.03, beating the $0.20 consensus, while revenue rose 56% year over year. Analysts’ consensus rating is Hold, with an average price target of $71.42.
• The company’s annualized dividend is $2.81 per share, a 4.4% yield; its reported payout ratio is 122.17%.

ProShare Advisors LLC acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 134,186 shares of the company's stock, valued at approximately $8,153,000.

Other large investors have also modified their holdings of the company. Pensionfund Sabic purchased a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth approximately $3,181,000. Perpetual Ltd acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at $26,651,000. Red Spruce Capital LLC acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at $1,367,000. Pensionfund PDN purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at $6,617,000. Finally, LDR Capital Management LLC purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at $1,703,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Vivmark Residential Common Shares of Beneficial Interest stock opened at $63.74 on Thursday. The business's 50 day moving average is $62.63. The firm has a market cap of $23.90 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 3.60 and a beta of 0.72. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. 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 issued its quarterly earnings data on Wednesday, November 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.83. Vivmark Residential Common Shares of Beneficial Interest had a net margin of 27.97% and a return on equity of 8.06%. During the same period in the prior year, the business earned $0.98 earnings per share. Vivmark Residential Common Shares of Beneficial Interest's quarterly revenue was up 56.0% compared to the same quarter last year. On average, analysts forecast 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 company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 5th were paid a $0.7025 dividend. The ex-dividend date was Monday, October 5th. This represents a $2.81 annualized dividend and a dividend yield of 4.4%. Vivmark Residential Common Shares of Beneficial Interest's dividend payout ratio is 122.17%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. KeyCorp started coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 26th. They set a "sector weight" rating for the company. UBS Group reduced their target price on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $71.00 and set a "buy" rating on the stock in a report on Wednesday, October 14th. Cantor Fitzgerald assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. They set a "neutral" rating and a $70.00 price target for the company. Piper Sandler lowered 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. Finally, BTIG Research restated a "neutral" rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Thursday, September 17th. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Vivmark Residential Common Shares of Beneficial Interest has a consensus rating of "Hold" and a consensus price target of $71.42.

Insiders Place Their Bets

In related news, Director Susan Swanezy sold 15,700 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction on 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 sale, the director owned 28,934 shares of the company's stock, valued at $1,845,989.20. The trade was a 35.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 on Tuesday, August 18th. The stock was sold at an average price of $64.00, for a total transaction of $543,104.00. Following the sale, the director directly owned 12,730 shares in the company, valued at $814,720. This trade represents a 40.00% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 58,286 shares of company stock valued at $3,735,822. Corporate insiders own 1.20% of the company's stock.

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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