Vivmark Residential Common Shares of Beneficial Interest $VMRK Position Increased by Inspire Investing LLC

Inspire Investing LLC boosted its stake in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) by 114.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 153,038 shares of the company’s stock after purchasing an additional 81,535 shares during the period. Inspire Investing LLC’s holdings in Vivmark Residential Common Shares of Beneficial Interest were worth $9,299,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Planning Strategies Inc. increased its stake in Vivmark Residential Common Shares of Beneficial Interest by 87.5% in the 3rd quarter. Planning Strategies Inc. now owns 538 shares of the company’s stock valued at $33,000 after buying an additional 251 shares during the period. Rosenberg Matthew Hamilton lifted its position 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 in the last quarter. Physician Wealth Advisors Inc. purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $27,000. Mather Group LLC. acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at $33,000. Finally, IFP Advisors Inc acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at $38,000. 92.68% of the stock is owned by hedge funds and other institutional investors.

Vivmark Residential Common Shares of Beneficial Interest Trading Down 0.8%

Vivmark Residential Common Shares of Beneficial Interest stock opened at $63.03 on Friday. The company has a market cap of $23.63 billion, a P/E ratio of 27.41, a P/E/G ratio of 3.69 and a beta of 0.74. The firm’s fifty day simple moving average is $63.16. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. Vivmark Residential Common Shares of Beneficial Interest has a 1-year low of $57.57 and a 1-year high of $71.50.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $785.05 million during the quarter. Vivmark Residential Common Shares of Beneficial Interest had a net margin of 27.97% and a return on equity of 8.06%. On average, equities research analysts predict that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share 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 dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is currently 122.17%.

Wall Street Analyst Weigh In

VMRK has been the topic of several research analyst reports. Stifel Nicolaus lowered their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a “buy” rating on the stock in a report on Wednesday, August 19th. BTIG Research reaffirmed a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Thursday, September 17th. Royal Bank Of Canada cut their price objective on Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a “sector perform” rating for the company in a report on Tuesday, October 13th. Scotiabank reduced their price objective on Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating for the company in a research report on Thursday, September 17th. Finally, Morgan Stanley began 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 target price on the stock. Five equities research 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, the company has an average rating of “Hold” and a consensus target price of $71.42.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In other news, EVP Edward M. Schulman sold 16,595 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was 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 trade represents a 25.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan Swanezy sold 15,700 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $63.80, for a total value of $1,001,660.00. Following the sale, the director owned 28,934 shares of the company’s stock, valued at approximately $1,845,989.20. The trade was a 35.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 58,286 shares of company stock valued at $3,735,822. 1.20% of the stock is owned by corporate insiders.

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.