Greenleaf Trust Buys New Stake in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Greenleaf Trust acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 10,487 shares of the company’s stock, valued at approximately $637,000.

Several other hedge funds have also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $221,533,000. Asset Management One Co. Ltd. purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at approximately $85,957,000. Ferguson Wellman Capital Management Inc. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at 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 third quarter valued at approximately $41,636,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at approximately $38,810,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on VMRK. BMO Capital Markets reduced their target price 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. BTIG Research reissued a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Thursday, September 17th. Mizuho upgraded Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $70.00 to $73.00 in a report on Tuesday, September 8th. UBS Group reduced their price target 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, October 14th. Finally, Weiss Ratings started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 19th. They issued a “hold (c)” rating on the stock. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $71.42.

Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest

In other news, Director Charles E. Mueller, Jr. sold 8,000 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 $63.90, for a total transaction of $511,200.00. Following the sale, the director owned 16,084 shares in the company, valued at $1,027,767.60. This trade represents a 33.22% 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, COO Michael L. Manelis sold 7,825 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $64.31, for a total transaction of $503,225.75. Following the completion of the transaction, the chief operating officer owned 44,713 shares in the company, valued at $2,875,493.03. This represents a 14.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,286 shares of company stock worth $3,735,822 over the last 90 days. 1.20% of the stock is owned by corporate insiders.

Vivmark Residential Common Shares of Beneficial Interest Trading Up 2.7%

Vivmark Residential Common Shares of Beneficial Interest stock opened at $63.74 on Thursday. The stock has a market cap of $23.90 billion, a PE ratio of 27.71, a PEG ratio of 3.60 and a beta of 0.72. Vivmark Residential Common Shares of Beneficial Interest has a 52 week low of $57.57 and a 52 week high of $71.50. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.77. The stock’s 50-day moving average is $62.63.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $1.03 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%. The firm’s revenue for the quarter was up 56.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.98 earnings per share. On average, equities analysts predict that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS for the current year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 4.4%. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is 122.17%.

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