Vivmark Residential Common Shares of Beneficial Interest $VMRK Shares Bought by Machina Capital S.A.S.

Machina Capital S.A.S. raised its position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) by 485.8% during the third quarter, Holdings Channel reports. The firm owned 66,074 shares of the company’s stock after buying an additional 54,795 shares during the quarter. Machina Capital S.A.S.’s holdings in Vivmark Residential Common Shares of Beneficial Interest were worth $4,015,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $9,378,000. Bahl & Gaynor LLC purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at $97,828,000. Knights of Columbus Asset Advisors LLC raised its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 265.6% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 139,505 shares of the company’s stock valued at $8,476,000 after buying an additional 101,349 shares during the period. Lido Advisors LLC purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at $390,000. Finally, Keybank National Association OH purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at $795,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Christopher B. Howard sold 8,486 shares of the company’s stock in a transaction that occurred on 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 sale, the director directly owned 12,730 shares of the company’s stock, valued at $814,720. This represents a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Swanezy sold 15,700 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $63.80, for a total value of $1,001,660.00. Following the sale, the director owned 28,934 shares of the company’s stock, valued at $1,845,989.20. This trade represents a 35.17% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 58,286 shares of company stock valued at $3,735,822. 1.20% of the stock is owned by insiders.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

Shares of NYSE VMRK opened at $64.56 on Thursday. The stock has a market cap of $24.21 billion, a P/E ratio of 239.11, a price-to-earnings-growth ratio of 3.80 and a beta of 0.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.58 and a quick ratio of 0.19. The business’s 50-day simple moving average is $62.60. Vivmark Residential Common Shares of Beneficial Interest has a 1 year low of $57.57 and a 1 year high of $71.50.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.30 EPS for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a negative net margin of 4.21% and a negative return on equity of 0.80%. The company had revenue of $785.05 million for the quarter. As a group, equities research analysts expect that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 earnings per share for the current year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is presently 1,040.74%.

Wall Street Analyst Weigh In

VMRK has been the subject of several research reports. KeyCorp started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 26th. They issued a “sector weight” rating for the company. BMO Capital Markets cut their price target 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 research note on Monday, August 24th. BTIG Research reissued a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Thursday, September 17th. Scotiabank lowered their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating for the company in a research note on Thursday, September 17th. Finally, Evercore began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 18th. They issued an “in-line” rating and a $72.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average 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, D.C., Seattle, San Francisco, Southern California and Denver.