147,419 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK Bought by Narwhal Capital Management

Narwhal Capital Management acquired a new position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 147,419 shares of the company’s stock, valued at approximately $8,957,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VMRK. Sumitomo Mitsui Trust Group Inc. purchased a new position in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at about $221,533,000. Asset Management One Co. Ltd. bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $85,957,000. Ferguson Wellman Capital Management Inc. bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $42,080,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $41,636,000. Finally, Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $38,810,000. 92.68% of the stock is currently owned by institutional investors.

Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest

In related news, Director Christopher B. Howard sold 8,486 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $64.00, for a total transaction of $543,104.00. Following the completion of the transaction, the director owned 12,730 shares of the company’s stock, valued at approximately $814,720. This trade represents a 40.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan Swanezy sold 15,700 shares of the company’s 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 completion of the transaction, the director directly owned 28,934 shares of the company’s stock, valued at $1,845,989.20. This trade represents a 35.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 58,286 shares of company stock worth $3,735,822. 1.20% of the stock is owned by company insiders.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 0.5%

Shares of VMRK opened at $65.78 on Wednesday. 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 has a market cap of $24.66 billion, a P/E ratio of 243.63, a PEG ratio of 3.82 and a beta of 0.72. The business has a fifty day moving average of $62.62. The company has a quick ratio of 0.19, a current ratio of 0.35 and a debt-to-equity ratio of 0.08.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last announced its quarterly earnings results 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 negative net margin of 4.21% and a negative return on equity of 0.80%. As a group, equities analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 earnings per share for the current fiscal year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 5th were issued a $0.7025 dividend. This represents a $2.81 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is currently 1,040.74%.

Wall Street Analyst Weigh In

VMRK has been the topic of a number of recent research reports. Cantor Fitzgerald dropped their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $68.00 and set a “neutral” rating on the stock in a research note on Monday. BMO Capital Markets cut their price objective on shares of 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. Stifel Nicolaus set a $77.50 price objective on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday. Piper Sandler lowered their target price on Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a “neutral” rating for the company in a report on Monday, October 12th. Finally, Morgan Stanley initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. They set an “overweight” rating and a $75.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vivmark Residential Common Shares of Beneficial Interest presently has a consensus rating of “Hold” and a consensus target price of $71.42.

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