Sterling Investment Management LLC Buys New Position in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Sterling Investment Management LLC bought a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the third quarter, HoldingsChannel reports. The firm bought 9,197 shares of the company’s stock, valued at approximately $559,000.

Several other hedge funds also recently made changes to their positions in VMRK. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $42,080,000. Fort Washington Investment Advisors Inc. OH bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth $38,810,000. State of Alaska Department of Revenue bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth $27,330,000. Perpetual Ltd bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth $26,651,000. Finally, Pensionfund PDN purchased a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at $6,617,000. 92.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. BMO Capital Markets dropped their target price 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 report on Monday, August 24th. BTIG Research reaffirmed a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Thursday, September 17th. Mizuho upgraded shares of Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $70.00 to $73.00 in a research note on Tuesday, September 8th. UBS Group decreased their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Barclays lowered their price target 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 report on Wednesday. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $71.73.

Insiders Place Their Bets

In other news, Director Christopher B. Howard sold 8,486 shares of the firm’s 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 completion of the transaction, the director directly owned 12,730 shares in the company, valued at $814,720. This trade represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Edward M. Schulman sold 16,595 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $64.29, for a total value of $1,066,892.55. Following the transaction, the executive vice president owned 48,776 shares of the company’s stock, valued at $3,135,809.04. The trade was a 25.39% decrease in their ownership of the stock. 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. Company insiders own 1.20% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 0.1%

Shares of VMRK opened at $61.23 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a 50 day moving average of $63.27. Vivmark Residential Common Shares of Beneficial Interest has a 52 week low of $57.57 and a 52 week high of $71.50. The company has a market cap of $22.96 billion, a PE ratio of 26.62, a P/E/G ratio of 3.55 and a beta of 0.74.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last posted 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 return on equity of 8.06% and a net margin of 27.97%. The company had revenue of $785.05 million for the quarter. On average, equities analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS for the current year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 5th were issued a $0.7025 dividend. This represents a $2.81 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is 122.17%.

Vivmark Residential Common Shares of Beneficial Interest Company 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.