State of Alaska Department of Revenue Acquires New Holdings in Vivmark Residential Common Shares of Beneficial Interest $VMRK

State of Alaska Department of Revenue acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 449,804 shares of the company’s stock, valued at approximately $27,330,000. State of Alaska Department of Revenue owned approximately 0.12% of Vivmark Residential Common Shares of Beneficial Interest at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $38,810,000. Mather Group LLC. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth about $33,000. LDR Capital Management LLC acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth about $1,703,000. Weil Company Inc. purchased a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $1,806,000. Finally, Mechanics Bank Trust Department purchased a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $588,000. 92.68% of the stock is owned by institutional investors and hedge funds.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

VMRK traded up $0.61 on Thursday, reaching $61.41. 1,149,428 shares of the company’s stock were exchanged, compared to its average volume of 3,542,794. The firm has a market capitalization of $23.03 billion, a PE ratio of 26.68, a PEG ratio of 3.55 and a beta of 0.74. Vivmark Residential Common Shares of Beneficial Interest has a twelve month low of $57.57 and a twelve month high of $71.50. The business has a fifty day moving average price of $63.37. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.77.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. The company 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%. As a group, research analysts predict that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current fiscal year.

Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, October 5th will be issued a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is currently 122.17%.

Analysts Set New Price Targets

Several research firms recently issued reports on VMRK. BTIG Research reiterated a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Thursday, September 17th. UBS Group decreased their target price on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday. Piper Sandler dropped their price target 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 report on Monday. Barclays dropped their price target on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Friday, August 21st. They issued an “overweight” rating and a $72.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Vivmark Residential Common Shares of Beneficial Interest currently has an average rating of “Hold” and an average price target of $71.73.

Insider Buying and Selling 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 stock was sold at an average price of $64.00, for a total value of $543,104.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles E. Mueller, Jr. sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $63.90, for a total value of $511,200.00. Following the completion of the sale, the director directly owned 16,084 shares of the company’s stock, valued at approximately $1,027,767.60. This represents a 33.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 58,286 shares of company stock worth $3,735,822. 1.20% of the stock is owned by company insiders.

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, DC, Seattle, San Francisco, Southern California and Denver.