North Dakota State Investment Board Purchases 12,037 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

North Dakota State Investment Board lifted its position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) by 106.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,298 shares of the company’s stock after acquiring an additional 12,037 shares during the quarter. North Dakota State Investment Board’s holdings in Vivmark Residential Common Shares of Beneficial Interest were worth $1,416,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in VMRK. VestGen Advisors LLC boosted its holdings in Vivmark Residential Common Shares of Beneficial Interest by 4.7% during the third quarter. VestGen Advisors LLC now owns 5,048 shares of the company’s stock worth $307,000 after purchasing an additional 225 shares during the last quarter. Planning Strategies Inc. increased 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 valued at $33,000 after buying an additional 251 shares during the last quarter. Blume Capital Management Inc. purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $25,000. Rosenberg Matthew Hamilton increased its stake in Vivmark Residential Common Shares of Beneficial Interest by 47.8% in the 3rd 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 last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth approximately $27,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Insiders Place Their Bets

In other Vivmark Residential Common Shares of Beneficial Interest news, EVP Edward M. Schulman sold 16,595 shares of the stock in a transaction on 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 transaction, the executive vice president directly owned 48,776 shares of the company’s stock, valued at approximately $3,135,809.04. This represents a 25.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles E. Mueller, Jr. sold 8,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $63.90, for a total value of $511,200.00. Following the completion of the sale, the director directly owned 16,084 shares of the company’s stock, valued at $1,027,767.60. This represents a 33.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 58,286 shares of company stock valued at $3,735,822 in the last quarter. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Morgan Stanley started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. They issued an “overweight” rating and a $75.00 target price on the stock. Weiss Ratings assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 19th. They issued a “hold (c)” rating for the company. Stifel Nicolaus decreased their price target on Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a “buy” rating for the company in a research report on Wednesday, August 19th. Barclays dropped their price target on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 14th. Finally, BMO Capital Markets cut their price objective on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a “market perform” rating on the stock in a research report on Monday, August 24th. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Vivmark Residential Common Shares of Beneficial Interest has a consensus rating of “Hold” and an average price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Shares of VMRK stock opened at $61.86 on Friday. 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 market capitalization of $23.19 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 3.58 and a beta of 0.74. Vivmark Residential Common Shares of Beneficial Interest has a 52 week low of $57.57 and a 52 week high of $71.50. The stock has a 50-day moving average of $62.92.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last released 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 net margin of 27.97% and a return on equity of 8.06%. The firm had revenue of $785.05 million during the quarter. Analysts forecast 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors 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 annualized dividend and a yield of 4.5%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is presently 122.17%.

About Vivmark Residential Common Shares of Beneficial Interest

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.