Taylor Frigon Capital Management LLC Makes New $1.46 Million Investment in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Taylor Frigon Capital Management LLC acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the 3rd quarter, HoldingsChannel reports. The fund acquired 24,065 shares of the company’s stock, valued at approximately $1,462,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Physician Wealth Advisors Inc. acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $27,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $31,000. Planning Strategies Inc. raised its position in shares of 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 purchasing an additional 251 shares during the last quarter. Mather Group LLC. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth about $33,000. Finally, IFP Advisors Inc acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth about $38,000. 92.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on VMRK shares. Mizuho raised shares of Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and raised their price target for the company from $70.00 to $73.00 in a research note on Tuesday, September 8th. KeyCorp assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 26th. They set a “sector weight” rating for the company. Piper Sandler cut their price objective on Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. Weiss Ratings started coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 19th. They set a “hold (c)” rating for the company. Finally, Royal Bank Of Canada decreased their target price on Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 13th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 0.8%

Shares of VMRK opened at $63.03 on Friday. Vivmark Residential Common Shares of Beneficial Interest has a 52-week low of $57.57 and a 52-week high of $71.50. The firm has a market cap of $23.63 billion, a P/E ratio of 27.41, a PEG ratio of 3.65 and a beta of 0.74. The business has a fifty day moving average of $63.16. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.30 EPS for the quarter. The business had revenue of $785.05 million for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a return on equity of 8.06% and a net margin of 27.97%. As a group, equities analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current fiscal year.

Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were given a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is presently 122.17%.

Insider Activity

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Chris Carr sold 1,130 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $65.28, for a total transaction of $73,766.40. Following the transaction, the director directly owned 4,461 shares of the company’s stock, valued at $291,214.08. The trade was a 20.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher B. Howard sold 8,486 shares of Vivmark Residential Common Shares of Beneficial Interest 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 transaction, the director directly owned 12,730 shares in the company, valued at $814,720. This trade represents a 40.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 58,286 shares of company stock valued at $3,735,822 in the last quarter. Insiders own 1.20% of the company’s stock.

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.