81,535 Vivmark Residential Common Shares of Beneficial Interest $VMRK Shares Bought by Inspire Investing LLC

Inspire Investing LLC lifted its holdings in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) by 114.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,038 shares of the company’s stock after purchasing an additional 81,535 shares during the period. Inspire Investing LLC’s holdings in Vivmark Residential Common Shares of Beneficial Interest were worth $9,299,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VMRK. Planning Strategies Inc. lifted its stake in Vivmark Residential Common Shares of Beneficial Interest by 87.5% during the third quarter. Planning Strategies Inc. now owns 538 shares of the company’s stock valued at $33,000 after purchasing an additional 251 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings 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 buying an additional 421 shares in the last quarter. Physician Wealth Advisors Inc. bought a new stake in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth approximately $27,000. Mather Group LLC. bought a new stake in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth approximately $33,000. Finally, IFP Advisors Inc acquired a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth approximately $38,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Morgan Stanley began coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 25th. They issued an “overweight” rating and a $75.00 price target on the stock. Mizuho raised Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $70.00 to $73.00 in a research note on Tuesday, September 8th. UBS Group reduced their price objective on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Weiss Ratings began coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 19th. They issued a “hold (c)” rating on the stock. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $70.00 target price on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. Five analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

Vivmark Residential Common Shares of Beneficial Interest stock opened at $63.03 on Friday. The stock has a 50 day moving average price of $63.16. The stock has a market capitalization of $23.63 billion, a P/E ratio of 27.41, a P/E/G ratio of 3.69 and a beta of 0.74. 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 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 released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. The business had revenue of $785.05 million for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a net margin of 27.97% and a return on equity of 8.06%. On average, analysts expect that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS for the current fiscal year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders 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 4.5%. The ex-dividend date of this dividend was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is 122.17%.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In other news, Director Susan Swanezy sold 15,700 shares of the stock in a transaction on Tuesday, August 18th. The stock was 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 $1,845,989.20. This represents a 35.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $543,104.00. Following the completion of the sale, the director directly owned 12,730 shares of the company’s stock, 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. Over the last 90 days, insiders sold 58,286 shares of company stock worth $3,735,822. Insiders own 1.20% of the company’s stock.

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, DC, Seattle, San Francisco, Southern California and Denver.