Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Announces Quarterly Earnings Results

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) announced its quarterly earnings data on Wednesday. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.20 by $0.83, Briefing.com reports. 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 prior year, the firm posted $0.98 EPS. The firm’s quarterly revenue was up 56.0% on a year-over-year basis.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 2.7%

Shares of VMRK stock traded up $1.70 on Wednesday, hitting $63.74. The stock had a trading volume of 6,331,596 shares, compared to its average volume of 4,287,323. Vivmark Residential Common Shares of Beneficial Interest has a one year low of $57.57 and a one year high of $71.50. The business has a 50 day moving average price of $62.63. The company has a market capitalization of $23.90 billion, a P/E ratio of 26.63, a PEG ratio of 3.60 and a beta of 0.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.19 and a current ratio of 0.19.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were issued a $0.7025 dividend. This represents a $2.81 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is presently 122.17%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Piper Sandler lowered their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. Wells Fargo & Company reduced their price target 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 research note on Monday, October 19th. Evercore initiated coverage on shares of 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 target price on the stock. Morgan Stanley began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. They set an “overweight” rating and a $75.00 price target for the company. Finally, Mizuho raised shares of Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $70.00 to $73.00 in a research note on Tuesday, September 8th. 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $71.42.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Charles E. Mueller, Jr. sold 8,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $63.90, for a total transaction of $511,200.00. Following the transaction, the director directly owned 16,084 shares in the company, valued at $1,027,767.60. This represents a 33.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction, the director directly owned 28,934 shares in the company, valued at $1,845,989.20. This trade represents a 35.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 58,286 shares of company stock worth $3,735,822 over the last quarter. Corporate 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.