Vivmark Residential Common Shares of Beneficial Interest $VMRK Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC raised its position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) by 8.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,112 shares of the company’s stock after acquiring an additional 12,322 shares during the period. Soltis Investment Advisors LLC’s holdings in Vivmark Residential Common Shares of Beneficial Interest were worth $9,182,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of VMRK. Pensionfund Sabic purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth about $3,181,000. Red Spruce Capital LLC bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at about $1,367,000. Pensionfund PDN purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth about $6,617,000. Perpetual Ltd purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth about $26,651,000. Finally, Taylor Frigon Capital Management LLC purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth about $1,462,000. Institutional investors own 92.68% of the company’s stock.

Insider Activity

In related news, Director Christopher B. Howard sold 8,486 shares of the stock in a transaction that occurred on 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 owned 12,730 shares of the company’s stock, valued at $814,720. This represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Swanezy sold 15,700 shares of the firm’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 transaction, the director owned 28,934 shares in the company, valued at $1,845,989.20. The trade was a 35.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have 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

VMRK stock opened at $61.65 on Friday. The stock has a market cap of $23.11 billion, a P/E ratio of 26.80, a PEG ratio of 3.53 and a beta of 0.74. Vivmark Residential Common Shares of Beneficial Interest has a 12 month low of $57.57 and a 12 month high of $71.50. The business has a 50-day moving average of $62.99. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 earnings per share for the quarter. The company had revenue of $785.05 million during the quarter. Vivmark Residential Common Shares of Beneficial Interest had a net margin of 27.97% and a return on equity of 8.06%. Sell-side 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 business also recently announced 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. 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 4.6%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is 122.17%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VMRK. Wells Fargo & Company dropped their target price 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 report on Monday, October 19th. Weiss Ratings started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 19th. They set a “hold (c)” rating on the stock. Royal Bank Of Canada reduced their price target on Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 13th. Scotiabank decreased their price target on 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. 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 for the company in a research note on Monday, October 12th. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, 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.