Sterling Investment Management LLC Makes New $559,000 Investment in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Sterling Investment Management LLC purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,197 shares of the company’s stock, valued at approximately $559,000.

Several other institutional investors have also added to or reduced their stakes in VMRK. Ferguson Wellman Capital Management Inc. bought a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth $42,080,000. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $38,810,000. State of Alaska Department of Revenue purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $27,330,000. Perpetual Ltd bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at about $26,651,000. Finally, Pensionfund PDN bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at about $6,617,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 0.1%

Shares of VMRK stock opened at $61.23 on Friday. The stock has a market capitalization of $22.96 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 3.55 and a beta of 0.74. The business has a fifty day simple moving average of $63.27. 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 current ratio of 0.19 and a quick ratio of 0.19.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $785.05 million 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%. Equities research analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current year.

Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement

The business 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. This represents a $2.81 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is currently 122.17%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. 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 cut 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 note on Wednesday. Piper Sandler reduced their price target on Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. KeyCorp assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 26th. They set a “sector weight” rating for the company. Finally, Scotiabank dropped their price objective on Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating for the company in a report on Thursday, September 17th. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Vivmark Residential Common Shares of Beneficial Interest presently has an average rating of “Hold” and a consensus price target of $71.73.

Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest

In related news, Director Charles E. Mueller, Jr. sold 8,000 shares of the business’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 owned 16,084 shares in the company, valued at $1,027,767.60. The trade was a 33.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christopher B. Howard sold 8,486 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $64.00, for a total transaction of $543,104.00. Following the completion of the transaction, the director directly owned 12,730 shares of the company’s stock, valued at approximately $814,720. The trade was a 40.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 58,286 shares of company stock worth $3,735,822. 1.20% of the stock is owned by corporate insiders.

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.