New Mexico Educational Retirement Board Acquires New Holdings in Vivmark Residential Common Shares of Beneficial Interest $VMRK

New Mexico Educational Retirement Board acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 36,993 shares of the company’s stock, valued at approximately $2,248,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pensionfund Sabic acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth $3,181,000. Perpetual Ltd purchased a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $26,651,000. Red Spruce Capital LLC acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at $1,367,000. LDR Capital Management LLC acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at $1,703,000. Finally, Pensionfund PDN acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at $6,617,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on VMRK shares. Barclays cut their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 14th. Evercore initiated 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 target on the stock. Stifel Nicolaus set a $77.50 price target on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Monday. Scotiabank cut their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating for the company in a research report on Thursday, September 17th. Finally, BTIG Research reissued a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Thursday, September 17th. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Trading Down 1.8%

Vivmark Residential Common Shares of Beneficial Interest stock opened at $64.56 on Thursday. The firm has a market capitalization of $24.21 billion, a price-to-earnings ratio of 239.11, a P/E/G ratio of 3.80 and a beta of 0.72. The firm has a fifty day simple moving average of $62.60. Vivmark Residential Common Shares of Beneficial Interest has a 52 week low of $57.57 and a 52 week high of $71.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.58 and a quick ratio of 0.19.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last released its 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 negative return on equity of 0.80% and a negative net margin of 4.21%. The firm had revenue of $785.05 million for the quarter. As a group, equities analysts predict that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 EPS for the current year.

Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 5th were given a $0.7025 dividend. The ex-dividend date of this dividend was Monday, October 5th. This represents a $2.81 annualized dividend and a yield of 4.4%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is 1,040.74%.

Insider Buying and Selling

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Susan Swanezy sold 15,700 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $63.80, for a total transaction of $1,001,660.00. Following the sale, the director directly owned 28,934 shares in the company, valued at $1,845,989.20. The trade was a 35.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael L. Manelis sold 7,825 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $64.31, for a total value of $503,225.75. Following the completion of the transaction, the chief operating officer owned 44,713 shares of the company’s stock, valued at $2,875,493.03. This trade represents a 14.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 58,286 shares of company stock worth $3,735,822 over the last quarter. Company insiders own 1.20% of the company’s stock.

About Vivmark Residential Common Shares of Beneficial Interest

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.