Vontobel Holding Ltd. Purchases 40,518 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

Key Points

• Vontobel Holding initiated a position of 40,518 Vivmark Residential shares worth approximately $2.46 million in the third quarter. Institutional investors collectively own 92.68% of the company.
• Analyst sentiment remains cautious: five analysts rate the stock a Buy and eleven rate it Hold, producing an average rating of Hold and an average price target of $71.73.
• VMRK opened at $61.23, below the analyst target range, while paying a quarterly dividend of $0.7025, equivalent to a 4.6% yield. Insiders sold 58,286 shares worth about $3.74 million over the past 90 days.

Vontobel Holding Ltd. bought 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 (SEC). The firm bought 40,518 shares of the company's stock, valued at approximately $2,462,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TD Waterhouse Canada Inc. raised its stake in Vivmark Residential Common Shares of Beneficial Interest by 611.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 4,895 shares of the company's stock worth $295,000 after acquiring an additional 4,207 shares during the period. Hanson & Doremus Investment Management bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $145,000. Howard Capital Management LLC boosted its stake in shares of Vivmark Residential Common Shares of Beneficial Interest by 82.2% during the third quarter. Howard Capital Management LLC now owns 5,625 shares of the company's stock valued at $342,000 after purchasing an additional 2,538 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 51.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 8,234 shares of the company's stock valued at $500,000 after acquiring an additional 2,802 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $1,334,000. 92.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on VMRK. Evercore began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 18th. They set an "in-line" rating and a $72.00 price target on the stock. KeyCorp assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 26th. They issued a "sector weight" rating on the stock. BMO Capital Markets decreased their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a "market perform" rating on the stock in a research note on Monday, August 24th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $70.00 price objective on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. Finally, Piper Sandler cut 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 report on Monday, October 12th. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, Vivmark Residential Common Shares of Beneficial Interest has an average rating of "Hold" and an average target price of $71.73.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

NYSE VMRK opened at $61.23 on Monday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $22.96 billion, a P/E ratio of 26.62, a PEG ratio of 3.55 and a beta of 0.74. The company has a fifty day moving average of $63.27. Vivmark Residential Common Shares of Beneficial Interest has a 1 year low of $57.57 and a 1 year high of $71.50.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) last posted 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 during the quarter. Vivmark Residential Common Shares of Beneficial Interest had a return on equity of 8.06% and a net margin of 27.97%. On average, research analysts expect that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current 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. Investors of record on Monday, October 5th were given a $0.7025 dividend. This represents a $2.81 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest's dividend payout ratio (DPR) is 122.17%.

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

In other news, Director Susan Swanezy sold 15,700 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $63.80, for a total value of $1,001,660.00. Following the completion of the sale, the director owned 28,934 shares of the company's stock, valued at $1,845,989.20. This represents a 35.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Edward M. Schulman sold 16,595 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $64.29, for a total value of $1,066,892.55. Following the transaction, the executive vice president directly owned 48,776 shares in the company, valued at $3,135,809.04. This trade represents a 25.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 58,286 shares of company stock worth $3,735,822. Company 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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