Greenleaf Trust Purchases 10,487 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

Greenleaf Trust purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,487 shares of the company’s stock, valued at approximately $637,000.

A number of other institutional investors have also recently made changes to their positions in the business. VestGen Advisors LLC grew its stake in 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 worth $307,000 after buying an additional 225 shares during the last quarter. 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 valued at $33,000 after purchasing an additional 251 shares in the last quarter. Blume Capital Management Inc. acquired a new position in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at approximately $25,000. Rosenberg Matthew Hamilton raised its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 47.8% in the third quarter. Rosenberg Matthew Hamilton now owns 1,301 shares of the company’s stock worth $79,000 after buying an additional 421 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth $27,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest

In related news, Director Susan Swanezy sold 15,700 shares of the firm’s stock in a transaction dated 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 directly owned 28,934 shares in the company, valued at approximately $1,845,989.20. This trade represents a 35.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher B. Howard sold 8,486 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were 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 approximately $814,720. This trade represents a 40.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 58,286 shares of company stock valued at $3,735,822. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VMRK shares. Piper Sandler dropped their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. Stifel Nicolaus dropped their price target 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 note on Wednesday, August 19th. Evercore initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 18th. They issued an “in-line” rating and a $72.00 price objective on the stock. Wells Fargo & Company reduced their price objective on Vivmark Residential Common Shares of Beneficial Interest from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Finally, BMO Capital Markets cut their price objective 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. Five research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, Vivmark Residential Common Shares of Beneficial Interest currently has a consensus rating of “Hold” and a consensus price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 2.7%

VMRK opened at $63.74 on Thursday. Vivmark Residential Common Shares of Beneficial Interest has a 52-week low of $57.57 and a 52-week high of $71.50. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.77. The firm’s fifty day moving average is $62.63. The stock has a market capitalization of $23.90 billion, a P/E ratio of 27.71, a price-to-earnings-growth ratio of 3.60 and a beta of 0.72.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.83. Vivmark Residential Common Shares of Beneficial Interest had a return on equity of 8.06% and a net margin of 27.97%. During the same period in the previous year, the business posted $0.98 EPS. The company’s revenue was up 56.0% on a year-over-year basis. On average, research analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS 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 dividend of $0.7025 per share. 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 4.4%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is presently 122.17%.

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.