Consolidated Investment Group LLC Purchases 97,668 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

Consolidated Investment Group LLC acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 97,668 shares of the company’s stock, valued at approximately $5,934,000.

A number of other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $221,533,000. Asset Management One Co. Ltd. purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $85,957,000. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $42,080,000. Robeco Institutional Asset Management B.V. bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $41,636,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $38,810,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Cantor Fitzgerald cut their price target on Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $68.00 and set a “neutral” rating for the company in a report on Monday. Barclays decreased their price objective 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. Weiss Ratings assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 19th. They set a “hold (c)” rating for the company. Evercore assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 18th. They set an “in-line” rating and a $72.00 target price for the company. Finally, Wells Fargo & Company cut their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $72.00 to $68.00 and set an “overweight” rating for the company in a report on Monday, October 19th. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $71.19.

Insider Activity

In related news, Director Charles E. Mueller, Jr. sold 8,000 shares of the company’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $63.90, for a total transaction of $511,200.00. Following the transaction, the director directly owned 16,084 shares in the company, valued at approximately $1,027,767.60. This represents a 33.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Edward M. Schulman sold 16,595 shares of the 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 completion of the sale, the executive vice president directly owned 48,776 shares in the company, valued at $3,135,809.04. This trade represents a 25.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 58,286 shares of company stock worth $3,735,822 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 1.0%

Shares of VMRK opened at $66.15 on Tuesday. The company has a market capitalization of $24.80 billion, a P/E ratio of 245.01, a PEG ratio of 3.69 and a beta of 0.72. The stock has a fifty day moving average of $62.61. 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 debt-to-equity ratio of 0.77, a quick ratio of 0.19 and a current ratio of 0.19.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 EPS for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a net margin of 27.97% and a return on equity of 8.06%. The company had revenue of $785.05 million during the quarter. As a group, research analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 earnings per share for the current fiscal year.

Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Monday, October 5th were issued a $0.7025 dividend. This represents a $2.81 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is 1,040.74%.

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.