Profund Advisors LLC Acquires New Holdings in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Profund Advisors LLC bought a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 11,941 shares of the company’s stock, valued at approximately $726,000.

Several other large investors have also modified their holdings of the stock. ProShare Advisors LLC purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at $8,153,000. Vise Technologies Inc. purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $219,000. Cidel Asset Management Inc. purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $328,000. Intrua Financial LLC acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $218,000. Finally, Moss Adams Wealth Advisors LLC acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $320,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest

In related news, Director Charles E. Mueller, Jr. sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $63.90, for a total value of $511,200.00. Following the transaction, the director owned 16,084 shares in the company, valued at $1,027,767.60. The trade was a 33.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Edward M. Schulman sold 16,595 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 48,776 shares of the company’s stock, valued at approximately $3,135,809.04. This represents a 25.39% 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 worth $3,735,822 over the last three months. 1.20% of the stock is currently owned by company insiders.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

Shares of NYSE:VMRK opened at $63.74 on Thursday. Vivmark Residential Common Shares of Beneficial Interest has a 1-year low of $57.57 and a 1-year 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. The firm has a market cap of $23.90 billion, a PE ratio of 27.71, a P/E/G ratio of 3.60 and a beta of 0.72. The stock’s fifty day simple moving average is $62.63.

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

Analysts Set New Price Targets

Several equities analysts have issued reports on VMRK shares. Wells Fargo & Company dropped their price objective on Vivmark Residential Common Shares of Beneficial Interest from $72.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Barclays reduced their target price 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 report on Wednesday, October 14th. Morgan Stanley assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. They issued an “overweight” rating and a $75.00 target price for the company. Scotiabank dropped their price target 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 research note on Thursday, September 17th. Finally, JPMorgan Chase & Co. began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Monday, August 24th. They set a “neutral” rating and a $73.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, Vivmark Residential Common Shares of Beneficial Interest has an average rating of “Hold” and an average price target 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.