LDR Capital Management LLC Acquires 28,024 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

LDR Capital Management LLC acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,024 shares of the company’s stock, valued at approximately $1,703,000. Vivmark Residential Common Shares of Beneficial Interest accounts for 2.0% of LDR Capital Management LLC’s investment portfolio, making the stock its 12th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Planning Strategies Inc. increased its stake in Vivmark Residential Common Shares of Beneficial Interest by 87.5% in the third quarter. Planning Strategies Inc. now owns 538 shares of the company’s stock valued at $33,000 after purchasing an additional 251 shares during the last quarter. First Financial Corp IN purchased a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $42,000. American National Bank & Trust purchased a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $69,000. Tompkins Financial Corp acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth about $76,000. Finally, Rosenberg Matthew Hamilton boosted its stake in Vivmark Residential Common Shares of Beneficial Interest by 47.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,301 shares of the company’s stock worth $79,000 after buying an additional 421 shares during the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. JPMorgan Chase & Co. started coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Monday, August 24th. They issued a “neutral” rating and a $73.00 price target for the company. Wells Fargo & Company initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Friday, August 21st. They set an “overweight” rating and a $72.00 price objective for the company. UBS Group cut their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday. Morgan Stanley started coverage on shares of 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 on the stock. Finally, Piper Sandler decreased 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 research report on Monday. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Vivmark Residential Common Shares of Beneficial Interest has an average rating of “Hold” and an average price target of $71.73.

Insider Activity

In other news, Director Charles E. Mueller, Jr. sold 8,000 shares of the firm’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 directly owned 16,084 shares in the company, valued at $1,027,767.60. This trade represents a 33.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christopher B. Howard sold 8,486 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $64.00, for a total value of $543,104.00. Following the completion of the transaction, the director directly owned 12,730 shares in the company, valued at $814,720. This represents a 40.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,286 shares of company stock valued at $3,735,822 in the last 90 days. 1.20% of the stock is owned by corporate insiders.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 0.7%

Shares of NYSE VMRK opened at $60.80 on Thursday. Vivmark Residential Common Shares of Beneficial Interest has a 52-week low of $57.57 and a 52-week high of $71.50. The company’s fifty day moving average is $63.37. The stock has a market cap of $22.80 billion, a PE ratio of 26.27, a PEG ratio of 3.55 and a beta of 0.74. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.19 and a quick ratio of 0.19.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last released its quarterly earnings data 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 return on equity of 8.06% and a net margin of 27.97%. Equities research 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 company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, October 5th will be given a dividend of $0.7025 per share. This represents a $2.81 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is 122.17%.

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.