Illinois Municipal Retirement Fund Makes New Investment in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Illinois Municipal Retirement Fund purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 3rd quarter, Holdings Channel reports. The fund purchased 154,337 shares of the company’s stock, valued at approximately $9,378,000.

Several other hedge funds have also added to or reduced their stakes in the business. Bahl & Gaynor LLC acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $97,828,000. Knights of Columbus Asset Advisors LLC raised its position in shares of Vivmark Residential Common Shares of Beneficial Interest by 265.6% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 139,505 shares of the company’s stock valued at $8,476,000 after purchasing an additional 101,349 shares during the period. Lido Advisors LLC bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $390,000. Keybank National Association OH bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth approximately $795,000. Finally, Narwhal Capital Management bought a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at $8,957,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Analyst Upgrades and Downgrades

VMRK has been the topic of a number of research reports. Barclays decreased their price objective 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 report on Wednesday, October 14th. Evercore initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 18th. They set an “in-line” rating and a $72.00 price objective on the stock. BTIG Research reissued a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Thursday, September 17th. Stifel Nicolaus set a $77.50 target price on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Monday. Finally, Scotiabank decreased 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 note on Thursday, September 17th. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $71.42.

Insider Buying and Selling at Vivmark Residential Common Shares of Beneficial Interest

In other Vivmark Residential Common Shares of Beneficial Interest news, EVP Edward M. Schulman sold 16,595 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $64.29, for a total transaction of $1,066,892.55. Following the transaction, the executive vice president owned 48,776 shares in the company, valued at $3,135,809.04. This trade represents a 25.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chris Carr sold 1,130 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $65.28, for a total value of $73,766.40. Following the completion of the transaction, the director directly 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 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 ninety days. 1.20% of the stock is owned by corporate insiders.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 1.1%

Shares of NYSE:VMRK opened at $63.94 on Friday. The stock’s 50 day simple moving average is $62.58. Vivmark Residential Common Shares of Beneficial Interest has a 12-month low of $57.57 and a 12-month high of $71.50. The firm has a market cap of $23.97 billion, a price-to-earnings ratio of 215.43, a PEG ratio of 3.80 and a beta of 0.72. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.19 and a current ratio of 0.58.

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

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were paid a $0.7025 dividend. This represents a $2.81 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is 1,040.74%.

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, D.C., Seattle, San Francisco, Southern California and Denver.