Tectonic Advisors LLC Acquires 13,465 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

Tectonic Advisors LLC acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 13,465 shares of the company’s stock, valued at approximately $818,000.

Other institutional investors also recently bought and sold shares of the company. Pensionfund Sabic purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $3,181,000. Red Spruce Capital LLC acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth $1,367,000. Perpetual Ltd acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth $26,651,000. Pensionfund PDN acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth $6,617,000. Finally, Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth about $42,080,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on VMRK shares. Barclays decreased their price objective 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 research report on Wednesday, October 14th. JPMorgan Chase & Co. began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Monday, August 24th. They set a “neutral” rating and a $73.00 target price for the company. BMO Capital Markets dropped 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 for the company in a report on Monday, August 24th. 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. Finally, Scotiabank reduced their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

VMRK stock opened at $63.03 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 current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.77. The company has a 50 day moving average of $63.16. The stock has a market cap of $23.63 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 3.65 and a beta of 0.74.

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. The firm had revenue of $785.05 million 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%. On average, research analysts predict 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 5th were given a $0.7025 dividend. This represents a $2.81 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is currently 122.17%.

Insiders Place Their Bets

In other news, Director Susan Swanezy sold 15,700 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was 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 $1,845,989.20. This represents a 35.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Edward M. Schulman sold 16,595 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $64.29, for a total value of $1,066,892.55. Following the sale, the executive vice president directly owned 48,776 shares in the company, valued at approximately $3,135,809.04. The trade was a 25.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over 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 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.