15,972 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK Purchased by San Luis Wealth Advisors LLC

San Luis Wealth Advisors LLC acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,972 shares of the company’s stock, valued at approximately $970,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VMRK. Planning Strategies Inc. increased its stake in Vivmark Residential Common Shares of Beneficial Interest by 87.5% during the 3rd quarter. Planning Strategies Inc. now owns 538 shares of the company’s stock worth $33,000 after buying an additional 251 shares during the period. Mather Group LLC. acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth approximately $33,000. IFP Advisors Inc purchased a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at approximately $38,000. First Financial Corp IN purchased a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at approximately $42,000. Finally, American National Bank & Trust purchased a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at approximately $69,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on VMRK shares. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $70.00 price objective on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. Morgan Stanley initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. They issued an “overweight” rating and a $75.00 price objective 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. Scotiabank decreased their target price 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. Finally, BMO Capital Markets lowered their target price on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a “market perform” rating for the company in a research note on Monday, August 24th. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

VMRK stock opened at $60.85 on Tuesday. The stock’s 50 day moving average price is $63.21. 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 has a fifty-two week low of $57.57 and a fifty-two week high of $71.50. The stock has a market capitalization of $22.82 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 3.55 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 earnings per share 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 firm had revenue of $785.05 million for the quarter. Equities analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS for the current fiscal year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 5th were given a $0.7025 dividend. The ex-dividend date of this dividend was Monday, October 5th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.6%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is currently 122.17%.

Insider Buying and Selling

In other news, Director Chris Carr sold 1,130 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $65.28, for a total value of $73,766.40. Following the sale, the director directly owned 4,461 shares in the company, valued at approximately $291,214.08. This trade represents a 20.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan Swanezy sold 15,700 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $63.80, for a total transaction of $1,001,660.00. Following the sale, the director directly owned 28,934 shares of the company’s stock, valued at approximately $1,845,989.20. This trade represents a 35.17% 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. Corporate insiders own 1.20% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Company 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.