Vivmark Residential Common Shares of Beneficial Interest $VMRK Stock: North Dakota State Investment Board Boosts Position

North Dakota State Investment Board grew its holdings in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) by 106.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 23,298 shares of the company’s stock after buying an additional 12,037 shares during the quarter. North Dakota State Investment Board’s holdings in Vivmark Residential Common Shares of Beneficial Interest were worth $1,416,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. VestGen Advisors LLC lifted its stake in shares of Vivmark Residential Common Shares of Beneficial Interest by 4.7% during the 3rd quarter. VestGen Advisors LLC now owns 5,048 shares of the company’s stock valued at $307,000 after buying an additional 225 shares in the last quarter. Planning Strategies Inc. grew its stake in 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 valued at $33,000 after buying an additional 251 shares in the last quarter. Blume Capital Management Inc. purchased a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at approximately $25,000. Rosenberg Matthew Hamilton grew its stake in Vivmark Residential Common Shares of Beneficial Interest by 47.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,301 shares of the company’s stock valued at $79,000 after buying an additional 421 shares in the last quarter. Finally, Physician Wealth Advisors Inc. bought a new stake in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at $27,000. Institutional investors own 92.68% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VMRK shares. Stifel Nicolaus dropped their target price on Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Weiss Ratings began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 19th. They issued a “hold (c)” rating for the company. Piper Sandler reduced their price target 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 report on Monday, October 12th. Mizuho upgraded Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $70.00 to $73.00 in a research note on Tuesday, September 8th. Finally, BTIG Research reissued a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Thursday, September 17th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

VMRK opened at $61.86 on Friday. The stock has a market cap of $23.19 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 3.58 and a beta of 0.74. Vivmark Residential Common Shares of Beneficial Interest has a one year low of $57.57 and a one year high of $71.50. The firm’s fifty day moving average price is $62.92. 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 issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 earnings per share (EPS) 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%. The company had revenue of $785.05 million for the quarter. On average, analysts expect that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current year.

Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement

The firm also recently announced 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 payout ratio is presently 122.17%.

Insiders Place Their Bets

In other news, 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 completion of the sale, the director owned 12,730 shares in the company, valued at approximately $814,720. This trade represents a 40.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 dated Tuesday, August 18th. The shares were 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 approximately $1,845,989.20. This trade represents a 35.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 58,286 shares of company stock worth $3,735,822. 1.20% of the stock is owned by corporate insiders.

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.