Retirement Systems of Alabama Makes New Investment in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Retirement Systems of Alabama purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 544,969 shares of the company’s stock, valued at approximately $33,112,000.

A number of other hedge funds also recently added to or reduced their stakes in VMRK. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $221,533,000. Asset Management One Co. Ltd. purchased a new position in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at about $85,957,000. Ferguson Wellman Capital Management Inc. purchased a new position in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at about $42,080,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $41,636,000. Finally, Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $38,810,000. 92.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VMRK has been the topic of a number of recent research reports. Scotiabank dropped 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 on the stock in a research note on Thursday, September 17th. BMO Capital Markets reduced their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a “market perform” rating for the company in a research note on Monday, August 24th. Mizuho upgraded Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $70.00 to $73.00 in a report on Tuesday, September 8th. Stifel Nicolaus set a $77.50 price target on Vivmark Residential Common Shares of Beneficial Interest in a research report on Monday. Finally, Barclays decreased their price objective on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 14th. Five research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Trading Down 0.5%

Shares of VMRK stock opened at $65.78 on Wednesday. The business’s fifty day simple moving average is $62.62. The firm has a market capitalization of $24.66 billion, a P/E ratio of 243.63, a PEG ratio of 3.82 and a beta of 0.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.19 and a current ratio of 0.35. Vivmark Residential Common Shares of Beneficial Interest has a 12-month low of $57.57 and a 12-month 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 EPS for the quarter. The firm had revenue of $785.05 million during the quarter. Vivmark Residential Common Shares of Beneficial Interest had a negative return on equity of 0.80% and a negative net margin of 4.21%. On average, equities analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 earnings per share for the current year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The firm 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. This represents a $2.81 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is currently 1,040.74%.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Christopher B. Howard sold 8,486 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $64.00, for a total value of $543,104.00. Following the completion of the sale, the director directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Edward M. Schulman sold 16,595 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $64.29, for a total value of $1,066,892.55. Following the completion of the sale, the executive vice president owned 48,776 shares of the company’s stock, valued at approximately $3,135,809.04. This trade represents a 25.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.

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, D.C., Seattle, San Francisco, Southern California and Denver.