Vivmark Residential Common Shares of Beneficial Interest $VMRK Stock: Knights of Columbus Asset Advisors LLC Increases Position

Knights of Columbus Asset Advisors LLC increased its stake in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) by 265.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,505 shares of the company’s stock after purchasing an additional 101,349 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Vivmark Residential Common Shares of Beneficial Interest were worth $8,476,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in VMRK. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth about $221,533,000. Asset Management One Co. Ltd. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $85,957,000. Ferguson Wellman Capital Management Inc. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $42,080,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at about $41,636,000. Finally, Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $38,810,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VMRK has been the topic of a number of recent research reports. Scotiabank dropped their target price on 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. 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 for the company in a research report on Monday, October 19th. BMO Capital Markets decreased 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 note on Monday, August 24th. Evercore assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 18th. They set an “in-line” rating and a $72.00 price objective for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Monday, August 24th. They issued a “neutral” rating and a $73.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Trading Down 0.5%

Shares of VMRK stock opened at $65.78 on Wednesday. The firm’s 50 day moving average is $62.62. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.19 and a current ratio of 0.35. The stock has a market capitalization of $24.66 billion, a PE ratio of 243.63, a P/E/G ratio of 3.82 and a beta of 0.72. Vivmark Residential Common Shares of Beneficial Interest has a twelve month low of $57.57 and a twelve month high of $71.50.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 earnings per share 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 business had revenue of $785.05 million during the quarter. On average, research analysts predict that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 earnings per share for the current fiscal year.

Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were paid a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is currently 1,040.74%.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Susan Swanezy sold 15,700 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $63.80, for a total value of $1,001,660.00. Following the completion of the sale, the director owned 28,934 shares in the company, valued at approximately $1,845,989.20. This represents a 35.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Chris Carr sold 1,130 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $65.28, for a total transaction of $73,766.40. Following the completion of the transaction, the director directly owned 4,461 shares in the company, valued at $291,214.08. This trade represents a 20.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 58,286 shares of company stock worth $3,735,822 in the last 90 days. 1.20% of the stock is owned by insiders.

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.