Sterling Capital Management LLC Makes New Investment in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Sterling Capital Management LLC bought a new position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 3rd quarter, Holdings Channel.com reports. The firm bought 21,989 shares of the company’s stock, valued at approximately $1,336,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ferguson Wellman Capital Management Inc. bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $42,080,000. Robeco Institutional Asset Management B.V. bought a new stake in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $41,636,000. Fort Washington Investment Advisors Inc. OH bought a new stake in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $38,810,000. State of Alaska Department of Revenue purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth about $27,330,000. Finally, Perpetual Ltd purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth about $26,651,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. BMO Capital Markets reduced their price objective on 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 report on Monday, August 24th. Mizuho upgraded Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $70.00 to $73.00 in a research report on Tuesday, September 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $70.00 target price on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. Weiss Ratings began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 19th. They issued a “hold (c)” rating for the company. Finally, Morgan Stanley initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. They set an “overweight” rating and a $75.00 price target on the stock. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Vivmark Residential Common Shares of Beneficial Interest presently has an average rating of “Hold” and a consensus target price of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 0.4%

NYSE VMRK opened at $62.75 on Tuesday. The company’s 50-day simple moving average is $63.12. Vivmark Residential Common Shares of Beneficial Interest has a 12-month low of $57.57 and a 12-month high of $71.50. The stock has a market capitalization of $23.53 billion, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 3.65 and a beta of 0.74. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.77.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 EPS for the quarter. The firm had revenue of $785.05 million 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%. Equities analysts expect 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were issued a dividend of $0.7025 per share. This represents a $2.81 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is currently 122.17%.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Chris Carr sold 1,130 shares of the stock in a transaction 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher B. Howard sold 8,486 shares of the firm’s stock in a transaction on 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 directly owned 12,730 shares in the company, valued at approximately $814,720. This trade represents a 40.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 58,286 shares of company stock worth $3,735,822 over the last ninety days. Insiders own 1.20% of the company’s stock.

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.