Oregon Public Employees Retirement Fund Makes New Investment in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Oregon Public Employees Retirement Fund bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 88,522 shares of the company’s stock, valued at approximately $5,379,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Blume Capital Management Inc. purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $25,000. Physician Wealth Advisors Inc. acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $27,000. Farmers & Merchants Investments Inc. acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $31,000. Planning Strategies Inc. lifted its stake in shares of Vivmark Residential Common Shares of Beneficial Interest by 87.5% in the third quarter. Planning Strategies Inc. now owns 538 shares of the company’s stock worth $33,000 after buying an additional 251 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $33,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 2.7%

NYSE:VMRK opened at $63.74 on Thursday. 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 fifty day simple moving average of $62.63. The stock has a market capitalization of $23.90 billion, a P/E ratio of 27.71, a P/E/G ratio of 3.60 and a beta of 0.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.19 and a quick ratio of 0.19.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last released its quarterly earnings results on Wednesday, November 4th. The company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.83. Vivmark Residential Common Shares of Beneficial Interest had a return on equity of 8.06% and a net margin of 27.97%. The company’s revenue for the quarter was up 56.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. Sell-side analysts anticipate 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 business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 5th were paid a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is 122.17%.

Analyst Upgrades and Downgrades

VMRK has been the topic of a number of recent research reports. Stifel Nicolaus lowered their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Piper Sandler dropped their price objective on shares of 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. JPMorgan Chase & Co. initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Monday, August 24th. They issued a “neutral” rating and a $73.00 price objective for the company. Weiss Ratings began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 19th. They issued a “hold (c)” rating on the stock. Finally, BTIG Research reissued a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Thursday, September 17th. Five research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vivmark Residential Common Shares of Beneficial Interest presently has a consensus rating of “Hold” and a consensus price target of $71.42.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Susan Swanezy sold 15,700 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 28,934 shares of the company’s stock, valued at $1,845,989.20. This trade represents a 35.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 dated Tuesday, August 18th. The shares were sold at an average price of $63.90, for a total transaction of $511,200.00. Following the sale, the director owned 16,084 shares of the company’s stock, valued at approximately $1,027,767.60. This represents a 33.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,286 shares of company stock valued at $3,735,822 over the last quarter. 1.20% of the stock is owned by insiders.

Vivmark Residential Common Shares of Beneficial Interest 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.