New York Life Investment Management LLC Acquires 107,234 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

New York Life Investment Management LLC acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 3rd quarter, Holdings Channel reports. The fund acquired 107,234 shares of the company’s stock, valued at approximately $6,516,000.

Several other hedge funds also recently made changes to their positions in the company. Blume Capital Management Inc. acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $25,000. Physician Wealth Advisors Inc. purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $27,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $31,000. Planning Strategies Inc. boosted its position in shares of Vivmark Residential Common Shares of Beneficial Interest by 87.5% in the 3rd quarter. Planning Strategies Inc. now owns 538 shares of the company’s stock valued at $33,000 after purchasing an additional 251 shares during the period. Finally, Mather Group LLC. acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Insider Activity

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Susan Swanezy sold 15,700 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $63.80, for a total transaction of $1,001,660.00. Following the completion of the sale, the director directly owned 28,934 shares of the company’s stock, valued at $1,845,989.20. This represents a 35.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles E. Mueller, Jr. sold 8,000 shares of the company’s 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 sale, the director directly owned 16,084 shares of the company’s stock, valued at approximately $1,027,767.60. This represents a 33.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 58,286 shares of company stock valued at $3,735,822. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VMRK shares. Cantor Fitzgerald dropped their price target 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. UBS Group boosted their price objective on Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $74.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday, August 24th. They issued a “neutral” rating and a $73.00 price objective for the company. Royal Bank Of Canada decreased their price objective on Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a “sector perform” rating for the company in a report on Tuesday, October 13th. Finally, BMO Capital Markets lowered 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 research report on Monday, August 24th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Shares of Vivmark Residential Common Shares of Beneficial Interest stock opened at $63.94 on Friday. 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 debt-to-equity ratio of 0.08, a current ratio of 0.58 and a quick ratio of 0.19. The stock has a market cap of $23.97 billion, a P/E ratio of 236.82, a P/E/G ratio of 3.80 and a beta of 0.72. The stock’s fifty day simple moving average is $62.58.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last announced 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 negative net margin of 4.21% and a negative return on equity of 0.80%. The business had revenue of $785.05 million during the quarter. As a group, equities analysts expect 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were issued a dividend of $0.7025 per share. The ex-dividend date of this dividend was Monday, October 5th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.4%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is currently 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, D.C., Seattle, San Francisco, Southern California and Denver.