Tectonic Advisors LLC Acquires 13,465 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

Tectonic Advisors LLC acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,465 shares of the company’s stock, valued at approximately $818,000.

A number of other large investors also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $31,000. Wedbush Securities Inc. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $312,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $275,000. Sterling Capital Management LLC acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $1,336,000. Finally, Inspire Investing LLC raised its holdings in Vivmark Residential Common Shares of Beneficial Interest by 114.0% during the third quarter. Inspire Investing LLC now owns 153,038 shares of the company’s stock worth $9,299,000 after purchasing an additional 81,535 shares in the last quarter. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Wall Street Analysts Forecast Growth

VMRK has been the subject of a number of recent analyst reports. Morgan Stanley started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. They issued an “overweight” rating and a $75.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Monday, August 24th. They issued a “neutral” rating and a $73.00 price objective on the stock. UBS Group dropped 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, October 14th. Cantor Fitzgerald reissued a “neutral” rating and set a $70.00 target price on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. Finally, Weiss Ratings initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 19th. They set a “hold (c)” rating for the company. Five equities 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 has an average rating of “Hold” and an average price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Vivmark Residential Common Shares of Beneficial Interest stock opened at $63.03 on Friday. Vivmark Residential Common Shares of Beneficial Interest has a one year low of $57.57 and a one year 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 firm has a fifty day simple moving average of $63.16. The firm has a market capitalization of $23.63 billion, a P/E ratio of 27.41, a P/E/G ratio of 3.65 and a beta of 0.74.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last issued its earnings results 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 for the quarter. Sell-side 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 disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were paid a $0.7025 dividend. The ex-dividend date was Monday, October 5th. This represents a $2.81 annualized dividend and a dividend yield of 4.5%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is 122.17%.

Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest

In related news, EVP Edward M. Schulman sold 16,595 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $64.29, for a total value of $1,066,892.55. Following the completion of the sale, the executive vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Chris Carr sold 1,130 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $65.28, for a total transaction of $73,766.40. Following the sale, the director directly owned 4,461 shares in the company, valued at approximately $291,214.08. This represents a 20.21% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 58,286 shares of company stock valued at $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.