Sumitomo Mitsui Trust Group Inc. Makes New $221.53 Million Investment in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Sumitomo Mitsui Trust Group Inc. bought a new position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,646,026 shares of the company’s stock, valued at approximately $221,533,000.

Other institutional investors have also recently bought and sold shares of the company. Pensionfund Sabic purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at $3,181,000. Red Spruce Capital LLC purchased a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $1,367,000. Perpetual Ltd acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth about $26,651,000. Pensionfund PDN acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth about $6,617,000. Finally, LDR Capital Management LLC acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth about $1,703,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest

In related news, EVP Edward M. Schulman sold 16,595 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 $64.29, for a total transaction of $1,066,892.55. Following the transaction, the executive vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles E. Mueller, Jr. sold 8,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $63.90, for a total transaction of $511,200.00. Following the completion of the transaction, the director directly owned 16,084 shares of the company’s stock, valued at $1,027,767.60. This trade represents a 33.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 58,286 shares of company stock valued at $3,735,822. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VMRK. Mizuho raised Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $70.00 to $73.00 in a research note on Tuesday, September 8th. Stifel Nicolaus lowered their price target on 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. Barclays dropped 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 report on Wednesday, October 14th. JPMorgan Chase & Co. began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday, August 24th. They issued a “neutral” rating and a $73.00 target price for the company. Finally, Scotiabank cut their target price on Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, Vivmark Residential Common Shares of Beneficial Interest presently has an average rating of “Hold” and an average price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Shares of VMRK opened at $61.86 on Monday. 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 company has a market cap of $23.19 billion, a P/E ratio of 26.89, a price-to-earnings-growth ratio of 3.59 and a beta of 0.72. The company has a fifty day simple moving average of $62.92. 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 results on Wednesday, July 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $785.05 million 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%. As a group, research analysts predict that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS 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 $0.7025 dividend. The ex-dividend date of this dividend was Monday, October 5th. This represents a $2.81 annualized dividend and a yield of 4.5%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is presently 122.17%.

About Vivmark Residential Common Shares of Beneficial Interest

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.