134,186 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK Acquired by ProShare Advisors LLC

ProShare Advisors LLC purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the third quarter, Holdings Channel.com reports. The firm purchased 134,186 shares of the company’s stock, valued at approximately $8,153,000.

Other hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at approximately $85,957,000. Ferguson Wellman Capital Management Inc. purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth approximately $42,080,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at approximately $41,636,000. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at approximately $38,810,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at approximately $27,330,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

NYSE:VMRK opened at $63.74 on Thursday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $23.90 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 3.60 and a beta of 0.72. Vivmark Residential Common Shares of Beneficial Interest has a one year low of $57.57 and a one year high of $71.50. The stock has a 50-day moving average price of $62.63.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.83. Vivmark Residential Common Shares of Beneficial Interest had a return on equity of 8.06% and a net margin of 27.97%. During the same quarter in the previous year, the company earned $0.98 EPS. Vivmark Residential Common Shares of Beneficial Interest’s revenue was up 56.0% on a year-over-year basis. On average, equities research analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS for the current fiscal year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 5th were given a $0.7025 dividend. The ex-dividend date was Monday, October 5th. This represents a $2.81 annualized dividend and a dividend yield of 4.4%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is presently 122.17%.

Insider Buying and Selling

In other news, Director Charles E. Mueller, Jr. sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was 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 in the company, valued at approximately $1,027,767.60. The trade was a 33.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael L. Manelis sold 7,825 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $64.31, for a total value of $503,225.75. Following the sale, the chief operating officer directly owned 44,713 shares in the company, valued at approximately $2,875,493.03. This represents a 14.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 58,286 shares of company stock worth $3,735,822. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VMRK. KeyCorp began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 26th. They set a “sector weight” rating for the company. Mizuho upgraded shares of Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $70.00 to $73.00 in a research note on Tuesday, September 8th. Wells Fargo & Company cut their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $72.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. BTIG Research reiterated a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Thursday, September 17th. Finally, Piper Sandler decreased their price objective on shares of 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. Five research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $71.42.

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.