Sterling Capital Management LLC Purchases 21,989 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

Sterling Capital Management LLC purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 21,989 shares of the company’s stock, valued at approximately $1,336,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Planning Strategies Inc. boosted its stake in 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 worth $33,000 after purchasing an additional 251 shares during the period. Rosenberg Matthew Hamilton increased its position in shares of Vivmark Residential Common Shares of Beneficial Interest by 47.8% during the third quarter. Rosenberg Matthew Hamilton now owns 1,301 shares of the company’s stock valued at $79,000 after buying an additional 421 shares during the period. Physician Wealth Advisors Inc. bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at about $27,000. Mather Group LLC. bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at about $33,000. Finally, IFP Advisors Inc bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at about $38,000. 92.68% of the stock is currently owned by institutional investors.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

NYSE:VMRK opened at $62.75 on Tuesday. Vivmark Residential Common Shares of Beneficial Interest has a 52-week low of $57.57 and a 52-week high of $71.50. The company’s fifty day simple moving average is $63.12. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $23.53 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth 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 earnings per share 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%. The business had revenue of $785.05 million for the quarter. Equities analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share 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. Stockholders of record on Monday, October 5th were given a dividend of $0.7025 per share. This represents a $2.81 dividend on an annualized basis 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 (DPR) is 122.17%.

Insider Activity

In other news, Director Susan Swanezy sold 15,700 shares of the business’s stock in a transaction dated 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 transaction, the director owned 28,934 shares of the company’s stock, valued at approximately $1,845,989.20. The trade was a 35.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $63.90, for a total transaction of $511,200.00. Following the completion of the transaction, the director 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 58,286 shares of company stock worth $3,735,822. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on VMRK. Evercore initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 18th. They issued an “in-line” rating and a $72.00 price objective for the company. Scotiabank reduced their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating for the company in a research note on Thursday, September 17th. Mizuho raised shares of Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $70.00 to $73.00 in a report on Tuesday, September 8th. KeyCorp began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 26th. They set a “sector weight” rating on the stock. Finally, UBS Group lowered their target price on shares of 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. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $71.42.

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.