79,540 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK Bought by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 79,540 shares of the company’s stock, valued at approximately $4,833,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VMRK. VestGen Advisors LLC increased 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 acquiring an additional 225 shares during the last quarter. 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 valued at $33,000 after acquiring an additional 251 shares in the last quarter. Blume Capital Management Inc. bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $25,000. Rosenberg Matthew Hamilton lifted its stake in 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 worth $79,000 after purchasing an additional 421 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $27,000. 92.68% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Vivmark Residential Common Shares of Beneficial Interest news, COO Michael L. Manelis sold 7,825 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $64.31, for a total transaction of $503,225.75. Following the completion of the sale, the chief operating officer directly owned 44,713 shares in the company, valued at approximately $2,875,493.03. This trade represents a 14.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Edward M. Schulman sold 16,595 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $64.29, for a total transaction of $1,066,892.55. Following the transaction, the executive vice president directly owned 48,776 shares in the company, valued at $3,135,809.04. The trade was a 25.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 58,286 shares of company stock valued at $3,735,822. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on VMRK shares. Wells Fargo & Company dropped their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $72.00 to $68.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Scotiabank reduced their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 17th. Royal Bank Of Canada decreased their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a “sector perform” rating for the company in a report on Tuesday, October 13th. BMO Capital Markets lowered 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 for the company in a research report on Monday, August 24th. Finally, KeyCorp began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 26th. They set a “sector weight” rating for the company. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 0.0%

VMRK stock opened at $65.53 on Monday. The business has a 50-day moving average of $62.60. The firm has a market capitalization of $24.57 billion, a P/E ratio of 242.69, a P/E/G ratio of 3.79 and a beta of 0.72. The company has a quick ratio of 0.19, a current ratio of 0.35 and a debt-to-equity ratio of 0.08. 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.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $785.05 million for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a negative return on equity of 0.80% and a negative net margin of 4.21%. Equities analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 EPS for the current year.

Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 5th were issued a $0.7025 dividend. This represents a $2.81 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is presently 1,040.74%.

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.