Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Plans Quarterly Dividend of $0.70

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) announced a quarterly dividend on Thursday, September 24th. Stockholders of record on Monday, October 5th will be given a dividend of $0.7025 per share on Friday, October 16th. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Monday, October 5th.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 0.4%

Shares of VMRK traded down $0.25 during mid-day trading on Friday, hitting $60.80. 103,113 shares of the company were exchanged, compared to its average volume of 3,434,405. Vivmark Residential Common Shares of Beneficial Interest has a 1-year low of $57.57 and a 1-year high of $71.50. The company has a market cap of $22.80 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 3.42 and a beta of 0.73. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share 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%. The firm had revenue of $785.05 million for the quarter. Sell-side analysts expect that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VMRK. KeyCorp started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 26th. They issued a “sector weight” rating on the stock. Evercore initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 18th. They issued an “in-line” rating and a $72.00 price target on the stock. Morgan Stanley initiated 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 target price on the stock. Mizuho upgraded shares of Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $70.00 to $73.00 in a research report on Tuesday, September 8th. Finally, Piper Sandler boosted their price objective on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, August 26th. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $73.29.

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.