Chicago Partners Investment Group LLC Acquires 14,430 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

Chicago Partners Investment Group LLC purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 14,430 shares of the company’s stock, valued at approximately $909,000.

Several other institutional investors and hedge funds have also modified their holdings of VMRK. Caldwell Trust Co acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $149,000. Rakuten Investment Management Inc. boosted its holdings in Vivmark Residential Common Shares of Beneficial Interest by 132.1% during the third quarter. Rakuten Investment Management Inc. now owns 128,911 shares of the company’s stock valued at $7,909,000 after acquiring an additional 73,361 shares during the period. American Assets Investment Management LLC bought a new stake in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at about $6,076,000. Provenance Wealth Advisors LLC grew its position in shares of Vivmark Residential Common Shares of Beneficial Interest by 10,433.3% in the third quarter. Provenance Wealth Advisors LLC now owns 632 shares of the company’s stock valued at $38,000 after purchasing an additional 626 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $5,379,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Trading Down 0.5%

Shares of NYSE:VMRK opened at $65.78 on Wednesday. Vivmark Residential Common Shares of Beneficial Interest has a 1-year low of $57.57 and a 1-year high of $71.50. The firm has a market cap of $24.66 billion, a price-to-earnings ratio of 243.63, a PEG ratio of 3.82 and a beta of 0.72. The stock’s 50 day moving average price is $62.62. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.35 and a quick ratio of 0.19.

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%. On average, sell-side analysts predict that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 EPS 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. Investors of record on Monday, October 5th were paid a $0.7025 dividend. The ex-dividend date of this dividend was Monday, October 5th. This represents a $2.81 dividend on an annualized basis and a yield of 4.3%. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is presently 1,040.74%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VMRK. Wells Fargo & Company dropped 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 research note on Monday, October 19th. BMO Capital Markets decreased their target price on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a “market perform” rating for the company in a research note on Monday, August 24th. Barclays lowered their target price on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 14th. UBS Group lifted their price target on 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. Finally, Evercore initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 18th. They set an “in-line” rating and a $72.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, Vivmark Residential Common Shares of Beneficial Interest has an average rating of “Hold” and a consensus price target of $71.42.

Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest

In related news, COO Michael L. Manelis sold 7,825 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $64.31, for a total value of $503,225.75. Following the completion of the transaction, the chief operating officer owned 44,713 shares of the company’s stock, valued at $2,875,493.03. This represents a 14.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $1,066,892.55. Following the transaction, the executive vice president owned 48,776 shares of the company’s stock, valued at approximately $3,135,809.04. This represents a 25.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 58,286 shares of company stock valued at $3,735,822. Corporate 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.