11,941 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK Purchased by Profund Advisors LLC

Profund Advisors LLC bought a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,941 shares of the company’s stock, valued at approximately $726,000.

Other hedge funds also recently bought and sold shares of the company. ProShare Advisors LLC acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at about $8,153,000. Vise Technologies Inc. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $219,000. Cidel Asset Management Inc. purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth approximately $328,000. Intrua Financial LLC purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth approximately $218,000. Finally, Moss Adams Wealth Advisors LLC acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at approximately $320,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

VMRK stock opened at $63.74 on Thursday. 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 stock’s 50 day moving average price is $62.63. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market capitalization of $23.90 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 3.60 and a beta of 0.72.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last released its quarterly earnings data on Wednesday, November 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.83. Vivmark Residential Common Shares of Beneficial Interest had a net margin of 27.97% and a return on equity of 8.06%. The company’s quarterly revenue was up 56.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. Equities analysts forecast 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 firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 5th were paid a $0.7025 dividend. The ex-dividend date was Monday, October 5th. This represents a $2.81 dividend on an annualized basis and a yield of 4.4%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is currently 122.17%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VMRK. Cantor Fitzgerald initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. They issued a “neutral” rating and a $70.00 target price on the stock. Barclays lowered their price target on 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, October 14th. BTIG Research reaffirmed a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Thursday, September 17th. UBS Group cut their price objective 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. Finally, Stifel Nicolaus decreased their target price on 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. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $71.42.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In other Vivmark Residential Common Shares of Beneficial Interest news, EVP Edward M. Schulman sold 16,595 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction dated Tuesday, August 18th. The stock was 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 of the company’s stock, valued at $3,135,809.04. The trade was a 25.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christopher B. Howard sold 8,486 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $64.00, for a total value of $543,104.00. Following the transaction, the director directly owned 12,730 shares of the company’s stock, valued at approximately $814,720. This represents a 40.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 58,286 shares of company stock worth $3,735,822 over the last three months. Company insiders own 1.20% of the company’s stock.

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.