Vivmark Residential Common Shares of Beneficial Interest $VMRK Shares Newly Acquired by Guidance Capital Inc.

Guidance Capital Inc. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,414 shares of the company’s stock, valued at approximately $772,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $221,533,000. Asset Management One Co. Ltd. bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth approximately $85,957,000. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth approximately $42,080,000. Robeco Institutional Asset Management B.V. acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at approximately $41,636,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at approximately $38,810,000. 92.68% of the stock is owned by institutional investors.

Insider Activity

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Charles E. Mueller, Jr. sold 8,000 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $63.90, for a total value of $511,200.00. Following the transaction, the director owned 16,084 shares of the company’s stock, valued at approximately $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, EVP Edward M. Schulman sold 16,595 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $64.29, for a total transaction of $1,066,892.55. Following the completion of the sale, the executive vice president directly owned 48,776 shares in the company, valued at $3,135,809.04. This represents 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 worth $3,735,822. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Piper Sandler lowered their target price on shares of 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. KeyCorp started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 26th. They set a “sector weight” rating for the company. UBS Group cut their price target on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, October 14th. JPMorgan Chase & Co. assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Monday, August 24th. They issued a “neutral” rating and a $73.00 price target on the stock. Finally, Evercore started 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 objective for the company. Five research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 0.4%

Vivmark Residential Common Shares of Beneficial Interest stock traded up $0.28 during midday trading on Friday, hitting $65.53. 6,354,886 shares of the stock were exchanged, compared to its average volume of 4,300,523. The firm has a fifty day moving average price of $62.60. Vivmark Residential Common Shares of Beneficial Interest has a 52 week low of $57.57 and a 52 week high of $71.50. The stock 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. 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) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 EPS for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a net margin of 27.97% and a return on equity of 8.06%. The business had revenue of $785.05 million during the quarter. As a group, equities research analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS for the current fiscal 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 dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is 1,040.74%.

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.