Kintegral Advisory LLC Purchases 14,832 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

Kintegral Advisory LLC purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,832 shares of the company’s stock, valued at approximately $901,000.

A number of other hedge funds also recently made changes to their positions in VMRK. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at about $42,080,000. Fort Washington Investment Advisors Inc. OH bought a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $38,810,000. State of Alaska Department of Revenue bought a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $27,330,000. Perpetual Ltd bought a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $26,651,000. Finally, Pensionfund PDN acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $6,617,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Shares of NYSE VMRK opened at $61.23 on Friday. The company has a market capitalization of $22.96 billion, a PE ratio of 26.62, a PEG ratio of 3.55 and a beta of 0.74. The firm’s fifty day moving average is $63.27. 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 has a debt-to-equity ratio of 0.77, a quick ratio of 0.19 and a current ratio of 0.19.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last issued its earnings results on Wednesday, July 22nd. The company reported $0.30 EPS 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 company had revenue of $785.05 million for the quarter. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were given a dividend of $0.7025 per share. The ex-dividend date 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%.

Insider Activity

In related news, EVP Edward M. Schulman sold 16,595 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction dated Tuesday, August 18th. The shares were 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 $3,135,809.04. This trade represents a 25.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christopher B. Howard sold 8,486 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $64.00, for a total transaction of $543,104.00. Following the completion of the transaction, the director owned 12,730 shares in the company, valued at approximately $814,720. This trade represents a 40.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 58,286 shares of company stock worth $3,735,822 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on VMRK. Stifel Nicolaus cut their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Evercore assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 18th. They set an “in-line” rating and a $72.00 price objective on the stock. BTIG Research reiterated a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Thursday, September 17th. Barclays lowered their price objective 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 research note on Wednesday. Finally, Scotiabank dropped their target price 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 report on Thursday, September 17th. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $71.73.

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.