105,700 Shares in Vivmark Residential Common Shares of Beneficial Interest $VMRK Purchased by Boston Trust Walden Corp

Boston Trust Walden Corp bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 105,700 shares of the company’s stock, valued at approximately $6,422,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth approximately $909,000. Caldwell Trust Co acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at $149,000. Rakuten Investment Management Inc. raised its holdings in Vivmark Residential Common Shares of Beneficial Interest by 132.1% in the 3rd quarter. Rakuten Investment Management Inc. now owns 128,911 shares of the company’s stock valued at $7,909,000 after acquiring an additional 73,361 shares in the last quarter. American Assets Investment Management LLC bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at $6,076,000. Finally, Provenance Wealth Advisors LLC lifted its position in shares of Vivmark Residential Common Shares of Beneficial Interest by 10,433.3% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 632 shares of the company’s stock valued at $38,000 after acquiring an additional 626 shares during the period. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on VMRK. 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. Scotiabank cut their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating for the company in a research report on Thursday, September 17th. Stifel Nicolaus reduced their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a “buy” rating on the stock in a research note on Wednesday, August 19th. Evercore assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 18th. They issued an “in-line” rating and a $72.00 target price on the stock. Finally, Barclays decreased 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 on the stock in a report on Wednesday, October 14th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to 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

NYSE VMRK opened at $65.53 on Friday. The business’s fifty day simple moving average is $62.60. The company has a market capitalization of $24.57 billion, a PE ratio of 242.69, a PEG ratio of 3.61 and a beta of 0.72. Vivmark Residential Common Shares of Beneficial Interest has a fifty-two week low of $57.57 and a fifty-two week high of $71.50. 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 (NYSE:VMRK) last posted its quarterly 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 during the quarter. As a group, sell-side 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 5th were given a $0.7025 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is currently 1,040.74%.

Insider Activity

In other news, Director Susan Swanezy sold 15,700 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 28,934 shares in the company, valued at approximately $1,845,989.20. This trade represents a 35.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Michael L. Manelis sold 7,825 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $64.31, for a total transaction of $503,225.75. Following the sale, the chief operating officer directly owned 44,713 shares in the company, valued at $2,875,493.03. This trade represents a 14.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have 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.