Pensionfund Sabic Purchases New Shares in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Pensionfund Sabic acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 52,347 shares of the company’s stock, valued at approximately $3,181,000. Vivmark Residential Common Shares of Beneficial Interest makes up about 2.6% of Pensionfund Sabic’s portfolio, making the stock its 7th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of VMRK. Pensionfund PDN bought a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth $6,617,000. Tompkins Financial Corp bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at $76,000. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth $42,080,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth about $127,000. Finally, CX Institutional increased its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 111.6% in the 3rd quarter. CX Institutional now owns 6,218 shares of the company’s stock worth $378,000 after buying an additional 3,279 shares during the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest

In other news, Director Christopher B. Howard sold 8,486 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction that occurred on Tuesday, August 18th. The shares were 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. The trade was a 40.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan Swanezy sold 15,700 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $63.80, for a total transaction of $1,001,660.00. Following the sale, the director directly owned 28,934 shares of the company’s stock, valued at $1,845,989.20. The trade was a 35.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 58,286 shares of company stock worth $3,735,822. 1.20% of the stock is owned by corporate insiders.

Vivmark Residential Common Shares of Beneficial Interest Trading Down 0.9%

Shares of NYSE:VMRK traded down $0.53 on Monday, reaching $59.26. The company had a trading volume of 1,296,891 shares, compared to its average volume of 3,486,520. The company has a market capitalization of $22.22 billion, a PE ratio of 25.76, a P/E/G ratio of 3.47 and a beta of 0.74. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.77. Vivmark Residential Common Shares of Beneficial Interest has a 52-week low of $57.57 and a 52-week high of $71.50.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last issued its quarterly earnings data 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 company had revenue of $785.05 million for the quarter. As a group, equities research analysts predict 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, October 5th will be issued a $0.7025 dividend. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is currently 122.17%.

Wall Street Analysts Forecast Growth

VMRK has been the subject of a number of research reports. Mizuho upgraded Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $70.00 to $73.00 in a report on Tuesday, September 8th. Wells Fargo & Company initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Friday, August 21st. They set an “overweight” rating and a $72.00 price target on the stock. Piper Sandler lifted their price objective on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Wednesday, August 26th. Scotiabank lowered 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. Finally, BTIG Research reiterated a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Thursday, September 17th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Vivmark Residential Common Shares of Beneficial Interest presently has an average rating of “Hold” and an average target price of $73.29.

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.