88,522 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 88,522 shares of the company’s stock, valued at approximately $5,379,000.

A number of other institutional investors have also modified their holdings of the stock. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $72,000. Greenleaf Trust purchased a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $637,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at approximately $221,533,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at approximately $12,892,000. Finally, Profund Advisors LLC acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at approximately $726,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 2.7%

VMRK opened at $63.74 on Thursday. 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 stock has a market capitalization of $23.90 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 3.60 and a beta of 0.72. Vivmark Residential Common Shares of Beneficial Interest has a 52-week low of $57.57 and a 52-week high of $71.50. The firm’s fifty day moving average is $62.63.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last released its earnings results on Wednesday, November 4th. The company reported $1.03 EPS for the quarter, topping 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%. The firm’s quarterly revenue was up 56.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 earnings per share. On average, research analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS for the current year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were issued 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 presently 122.17%.

Analyst Ratings Changes

VMRK has been the topic of several recent research reports. Mizuho upgraded Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $70.00 to $73.00 in a research report on Tuesday, September 8th. UBS Group cut their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. 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 for the company. Wells Fargo & Company decreased their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Finally, JPMorgan Chase & Co. started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Monday, August 24th. They set a “neutral” rating and a $73.00 price target on the stock. 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, the company currently has an average rating of “Hold” and a consensus target price of $71.42.

Insider Buying and Selling

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Chris Carr sold 1,130 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $65.28, for a total transaction of $73,766.40. Following the completion of the transaction, the director owned 4,461 shares of the company’s stock, valued at $291,214.08. This represents a 20.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Edward M. Schulman sold 16,595 shares of the 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 transaction, the executive vice president directly owned 48,776 shares of the company’s stock, valued at $3,135,809.04. The trade was a 25.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 58,286 shares of company stock worth $3,735,822 in 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.