Retirement Systems of Alabama Buys 544,969 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

Retirement Systems of Alabama purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 544,969 shares of the company’s stock, valued at approximately $33,112,000. Retirement Systems of Alabama owned 0.15% of Vivmark Residential Common Shares of Beneficial Interest as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Fulcrum Asset Management LLP purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $128,000. Allspring Global Investments Holdings LLC boosted its position in shares of Vivmark Residential Common Shares of Beneficial Interest by 324.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 59,518 shares of the company’s stock worth $3,581,000 after purchasing an additional 45,495 shares during the period. Beverly Hills Private Wealth LLC bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth approximately $4,833,000. Bear Mountain Capital Inc. boosted its position in shares of Vivmark Residential Common Shares of Beneficial Interest by 115.7% in the third quarter. Bear Mountain Capital Inc. now owns 1,920 shares of the company’s stock worth $118,000 after purchasing an additional 1,030 shares during the period. Finally, Brighton Jones LLC purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth $247,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Evercore initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 18th. They set an “in-line” rating and a $72.00 price objective on the stock. KeyCorp initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 26th. They set a “sector weight” rating on the stock. JPMorgan Chase & Co. started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Monday, August 24th. They issued a “neutral” rating and a $73.00 target price for the company. Wells Fargo & Company cut their price target on Vivmark Residential Common Shares of Beneficial Interest from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Finally, Piper Sandler decreased their price target on Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $71.42.

Insider Activity

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Chris Carr sold 1,130 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $65.28, for a total value of $73,766.40. Following the transaction, the director directly owned 4,461 shares in the company, valued at $291,214.08. This represents a 20.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles E. Mueller, Jr. sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $63.90, for a total transaction of $511,200.00. Following the transaction, the director directly owned 16,084 shares in the company, valued at approximately $1,027,767.60. This trade represents a 33.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 58,286 shares of company stock valued at $3,735,822. Insiders own 1.20% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

Shares of VMRK opened at $65.78 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.19 and a current ratio of 0.35. Vivmark Residential Common Shares of Beneficial Interest has a 1 year low of $57.57 and a 1 year high of $71.50. The firm’s 50 day moving average is $62.62. The stock has a market cap of $24.66 billion, a price-to-earnings ratio of 243.63, a P/E/G ratio of 3.82 and a beta of 0.72.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 earnings per share (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 firm had revenue of $785.05 million for the quarter. On average, sell-side analysts anticipate 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 firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were paid a dividend of $0.7025 per share. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is currently 1,040.74%.

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, D.C., Seattle, San Francisco, Southern California and Denver.