Nisa Investment Advisors LLC Makes New $7.88 Million Investment in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Nisa Investment Advisors LLC acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 3rd quarter, Holdings Channel reports. The fund acquired 129,761 shares of the company’s stock, valued at approximately $7,884,000.

Several other large investors also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $41,636,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $368,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $17,486,000. San Luis Wealth Advisors LLC purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $970,000. Finally, Abel Hall LLC purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $328,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Insider Activity

In other Vivmark Residential Common Shares of Beneficial Interest 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 transaction of $543,104.00. Following the completion of the sale, the director directly owned 12,730 shares of the company’s stock, valued at approximately $814,720. This trade represents a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles E. Mueller, Jr. sold 8,000 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 $63.90, for a total value of $511,200.00. Following the completion of the transaction, the director owned 16,084 shares in the company, valued at $1,027,767.60. This trade represents a 33.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,286 shares of company stock worth $3,735,822 over the last quarter. 1.20% of the stock is owned by insiders.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

NYSE VMRK opened at $63.62 on Friday. The company has a fifty day simple moving average of $63.16. Vivmark Residential Common Shares of Beneficial Interest has a one year low of $57.57 and a one year high of $71.50. 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 firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 27.66, a PEG ratio of 3.60 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 net margin of 27.97% and a return on equity of 8.06%. The business had revenue of $785.05 million during the quarter. Research 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were given a $0.7025 dividend. This represents a $2.81 annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is 122.17%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VMRK. KeyCorp began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 26th. They issued a “sector weight” rating for the company. Mizuho raised Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $70.00 to $73.00 in a report on Tuesday, September 8th. BMO Capital Markets lowered their target price on shares of 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. Morgan Stanley assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. They set an “overweight” rating and a $75.00 target price on the stock. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Thursday, September 17th. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company 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.