Knights of Columbus Asset Advisors LLC Buys 101,349 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

Knights of Columbus Asset Advisors LLC increased its position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) by 265.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 139,505 shares of the company’s stock after acquiring an additional 101,349 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Vivmark Residential Common Shares of Beneficial Interest were worth $8,476,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of VMRK. Lido Advisors LLC acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $390,000. Keybank National Association OH purchased a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $795,000. Narwhal Capital Management acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $8,957,000. New York Life Investment Management LLC acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $6,516,000. Finally, M&G PLC purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at approximately $257,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

NYSE VMRK opened at $65.78 on Wednesday. The firm has a 50-day moving average of $62.62. Vivmark Residential Common Shares of Beneficial Interest has a 12 month low of $57.57 and a 12 month high of $71.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.35 and a quick ratio of 0.19. The firm has a market capitalization of $24.66 billion, a PE ratio of 243.63, a P/E/G ratio of 3.82 and a beta of 0.72.

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 for 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%. The business had revenue of $785.05 million during the quarter. As a group, analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 EPS for the current year.

Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors 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 4.3%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is presently 1,040.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VMRK. Morgan Stanley started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 25th. They set an “overweight” rating and a $75.00 price target for the company. Royal Bank Of Canada decreased their price objective on Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 13th. UBS Group upped their price objective on Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $74.00 and gave the company a “buy” rating in a report on Tuesday. Evercore began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 18th. They issued an “in-line” rating and a $72.00 price objective for the company. Finally, Piper Sandler cut 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 research note on Monday, October 12th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $71.42.

Insider Activity

In related news, Director Susan Swanezy sold 15,700 shares of Vivmark Residential Common Shares of Beneficial Interest 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 sale, the director owned 28,934 shares in the company, valued at approximately $1,845,989.20. This trade represents a 35.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael L. Manelis sold 7,825 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $64.31, for a total transaction of $503,225.75. Following the completion of the sale, the chief operating officer owned 44,713 shares of the company’s stock, valued at $2,875,493.03. This trade represents a 14.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,286 shares of company stock worth $3,735,822 in the last three months. 1.20% of the stock is currently 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, D.C., Seattle, San Francisco, Southern California and Denver.