Vivmark Residential Common Shares of Beneficial Interest $VMRK Shares Newly Purchased by Alps Advisors Inc.

Key Points

• Alps Advisors initiated a position in Vivmark Residential, buying 53,365 shares in the third quarter valued at approximately $3.24 million.
• Several other institutions also reported new stakes, and institutional investors and hedge funds collectively own 92.68% of the stock. Company insiders sold 58,286 shares worth about $3.74 million during the last quarter.
• Analysts have a consensus Hold rating and an average price target of $71.19; the company’s quarterly dividend of $0.7025 per share equates to a 4.2% yield at the article’s cited price.

Alps Advisors Inc. acquired a new stake 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 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 53,365 shares of the company's stock, valued at approximately $3,242,000.

Other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $221,533,000. Asset Management One Co. Ltd. purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $85,957,000. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $42,080,000. Robeco Institutional Asset Management B.V. bought a new stake in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $41,636,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $38,810,000. 92.68% of the stock is owned by institutional investors and hedge funds.

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

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Charles E. Mueller, Jr. sold 8,000 shares of the business's 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 sale, the director directly owned 16,084 shares in the company, valued at $1,027,767.60. The trade was a 33.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christopher B. Howard sold 8,486 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $64.00, for a total transaction of $543,104.00. Following the transaction, the director owned 12,730 shares of the company's stock, valued at $814,720. This represents a 40.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 58,286 shares of company stock valued at $3,735,822 in the last quarter. Insiders own 1.20% of the company's stock.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

Shares of NYSE:VMRK opened at $66.15 on Tuesday. Vivmark Residential Common Shares of Beneficial Interest has a 1 year low of $57.57 and a 1 year high of $71.50. The company has a market cap of $24.80 billion, a P/E ratio of 27.35, a PEG ratio of 3.69 and a beta of 0.72. The company has a fifty day simple moving average of $62.61. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.19 and a quick ratio of 0.19.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $0.30 EPS 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%. The company had revenue of $785.05 million for the quarter. Sell-side analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 earnings per share for the current year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 5th were issued a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a yield of 4.2%. 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%.

Analysts Set New Price Targets

VMRK has been the subject of a number of analyst reports. Cantor Fitzgerald dropped their price objective on Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $68.00 and set a "neutral" rating on the stock in a research note on Monday. Stifel Nicolaus set a $77.50 price objective on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Monday. Barclays reduced their target price on shares of 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. Scotiabank dropped their price target on shares of 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 cut their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a "sector perform" rating on the stock in a report on Tuesday, October 13th. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $71.19.

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, DC, Seattle, San Francisco, Southern California and Denver.

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