287,791 Shares in Vivmark Residential Common Shares of Beneficial Interest $VMRK Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 287,791 shares of the company’s stock, valued at approximately $17,486,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pensionfund Sabic bought a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $3,181,000. Red Spruce Capital LLC purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at $1,367,000. Perpetual Ltd bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at $26,651,000. Pensionfund PDN bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at $6,617,000. Finally, Ferguson Wellman Capital Management Inc. bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at $42,080,000. Institutional investors own 92.68% of the company’s stock.

Insider Activity

In related news, Director Susan Swanezy sold 15,700 shares of the firm’s stock in a transaction on 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 directly owned 28,934 shares of the company’s stock, valued at approximately $1,845,989.20. This trade represents a 35.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Chris Carr sold 1,130 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $65.28, for a total value of $73,766.40. Following the completion of the transaction, the director directly owned 4,461 shares in the company, valued at approximately $291,214.08. This represents a 20.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 58,286 shares of company stock worth $3,735,822. Company insiders own 1.20% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Trading Up 1.7%

VMRK opened at $61.90 on Wednesday. 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 stock has a market capitalization of $23.21 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 3.53 and a beta of 0.74. The business has a 50 day simple moving average of $63.18. Vivmark Residential Common Shares of Beneficial Interest has a 12-month low of $57.57 and a 12-month high of $71.50.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last announced its earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share (EPS) 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%. The company had revenue of $785.05 million during the quarter. As a group, 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 5th were given 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 4.5%. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is presently 122.17%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on VMRK. Morgan Stanley initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. They issued an “overweight” rating and a $75.00 price target on the stock. Evercore began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 18th. They set an “in-line” rating and a $72.00 price objective for the company. UBS Group reduced their price objective on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, October 14th. BMO Capital Markets lowered their target price on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a “market perform” rating on the stock in a report on Monday, August 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $70.00 target price on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Vivmark Residential Common Shares of Beneficial Interest presently has a consensus 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.