Pensionfund PDN Makes New $6.62 Million Investment in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Pensionfund PDN acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 108,906 shares of the company’s stock, valued at approximately $6,617,000. Vivmark Residential Common Shares of Beneficial Interest accounts for about 2.7% of Pensionfund PDN’s investment portfolio, making the stock its 7th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. acquired a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $42,080,000. CX Institutional raised its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 111.6% in the third quarter. CX Institutional now owns 6,218 shares of the company’s stock valued at $378,000 after purchasing an additional 3,279 shares during the last quarter. Syon Capital LLC bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the second quarter worth $354,000. Montecito Bank & Trust bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth $244,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $127,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Insider Buying and Selling at Vivmark Residential Common Shares of Beneficial Interest

In related news, EVP Edward M. Schulman sold 16,595 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $64.29, for a total value of $1,066,892.55. Following the completion of the transaction, the executive vice president owned 48,776 shares of the company’s stock, valued at $3,135,809.04. The trade was a 25.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Chris Carr sold 1,130 shares of the firm’s stock in a transaction dated 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 transaction, the director directly owned 4,461 shares in the company, valued at approximately $291,214.08. This represents a 20.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,286 shares of company stock valued at $3,735,822 over the last ninety days. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on VMRK shares. Evercore started 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 price target on the stock. BTIG Research restated a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Thursday, September 17th. Barclays cut their price objective on Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $75.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 2nd. Morgan Stanley began coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 25th. They set an “overweight” rating and a $75.00 target price on the stock. Finally, BMO Capital Markets dropped their price target 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 note on Monday, August 24th. Five research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Vivmark Residential Common Shares of Beneficial Interest has a consensus rating of “Hold” and a consensus target price of $73.29.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 0.9%

VMRK traded down $0.53 on Monday, reaching $59.26. The company had a trading volume of 1,296,891 shares, compared to its average volume of 3,486,520. 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. The firm has a market cap of $22.22 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 3.47 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 (NYSE:VMRK) last posted its earnings results on Wednesday, July 22nd. The company reported $0.30 EPS 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%.The company had revenue of $785.05 million for the quarter. On average, analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, October 5th will be given a dividend of $0.7025 per share. This represents a $2.81 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is presently 122.17%.

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.