Vivmark Residential Common Shares of Beneficial Interest $VMRK Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC boosted its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) by 8.9% during the 3rd quarter, Holdings Channel reports. The fund owned 151,112 shares of the company’s stock after buying an additional 12,322 shares during the period. Soltis Investment Advisors LLC’s holdings in Vivmark Residential Common Shares of Beneficial Interest were worth $9,182,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. VestGen Advisors LLC raised its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 4.7% in the 3rd quarter. VestGen Advisors LLC now owns 5,048 shares of the company’s stock valued at $307,000 after purchasing an additional 225 shares in the last quarter. Planning Strategies Inc. lifted its position in shares of Vivmark Residential Common Shares of Beneficial Interest by 87.5% in 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 period. Blume Capital Management Inc. purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $25,000. Rosenberg Matthew Hamilton boosted its stake in shares of Vivmark Residential Common Shares of Beneficial Interest by 47.8% during the third quarter. Rosenberg Matthew Hamilton now owns 1,301 shares of the company’s stock valued at $79,000 after purchasing an additional 421 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Shares of Vivmark Residential Common Shares of Beneficial Interest stock opened at $61.65 on Friday. The company has a market capitalization of $23.11 billion, a P/E ratio of 26.80, a PEG ratio of 3.53 and a beta of 0.74. The business has a 50-day moving average price of $62.99. 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 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 released its quarterly 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 business had revenue of $785.05 million for the quarter. On average, equities analysts predict 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 paid a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is 122.17%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VMRK. Weiss Ratings began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 19th. They set a “hold (c)” rating on the stock. Scotiabank lowered 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. Barclays dropped their target price on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 14th. Royal Bank Of Canada dropped 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. Finally, UBS Group cut their price target on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $71.42.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In related news, Director Chris Carr sold 1,130 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $65.28, for a total transaction of $73,766.40. Following the completion of the sale, the director owned 4,461 shares of the company’s stock, valued at $291,214.08. This represents a 20.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan Swanezy sold 15,700 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $63.80, for a total transaction of $1,001,660.00. Following the completion of the sale, the director 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. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,286 shares of company stock valued at $3,735,822 over the last three months. Company insiders own 1.20% of the company’s stock.

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.