New Mexico Educational Retirement Board Makes New Investment in Vivmark Residential Common Shares of Beneficial Interest $VMRK

New Mexico Educational Retirement Board purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the 3rd quarter, HoldingsChannel reports. The fund purchased 36,993 shares of the company’s stock, valued at approximately $2,248,000.

Several other hedge funds also recently modified their holdings of VMRK. Blume Capital Management Inc. bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth $25,000. Physician Wealth Advisors Inc. bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at about $27,000. Farmers & Merchants Investments Inc. bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at about $31,000. Planning Strategies Inc. grew its holdings in Vivmark Residential Common Shares of Beneficial Interest by 87.5% during the third quarter. Planning Strategies Inc. now owns 538 shares of the company’s stock worth $33,000 after acquiring an additional 251 shares during the period. Finally, Mather Group LLC. acquired a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $33,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on VMRK. UBS Group boosted their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $74.00 and gave the stock a “buy” rating in a research report on Tuesday. Piper Sandler dropped their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. KeyCorp assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 26th. They set a “sector weight” rating on the stock. Weiss Ratings lowered Vivmark Residential Common Shares of Beneficial Interest from a “hold (c)” rating to a “sell (d)” rating in a research report on Tuesday. Finally, Wells Fargo & Company cut 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. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 1.8%

Shares of NYSE:VMRK opened at $64.56 on Thursday. The firm’s fifty day moving average price is $62.60. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.19 and a current ratio of 0.58. Vivmark Residential Common Shares of Beneficial Interest has a 12-month low of $57.57 and a 12-month high of $71.50. The firm has a market cap of $24.21 billion, a P/E ratio of 239.11, a P/E/G ratio of 3.80 and a beta of 0.72.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last issued its earnings results on Wednesday, July 22nd. The company reported $0.30 EPS for the quarter. The business 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%. Equities research analysts anticipate 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. 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 payout ratio is 1,040.74%.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In other news, Director Susan Swanezy sold 15,700 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $63.80, for a total value of $1,001,660.00. Following the transaction, the director owned 28,934 shares in the company, valued at $1,845,989.20. This represents a 35.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Michael L. Manelis sold 7,825 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $64.31, for a total transaction of $503,225.75. Following the completion of the sale, the chief operating officer directly owned 44,713 shares of the company’s stock, valued at $2,875,493.03. This trade represents a 14.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 58,286 shares of company stock worth $3,735,822. Company insiders own 1.20% of the company’s stock.

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