LDR Capital Management LLC Buys 28,024 Shares of Vivmark Residential Common Shares of Beneficial Interest $VMRK

LDR Capital Management LLC purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 28,024 shares of the company’s stock, valued at approximately $1,703,000. Vivmark Residential Common Shares of Beneficial Interest makes up 2.0% of LDR Capital Management LLC’s holdings, making the stock its 12th biggest position.

Other hedge funds have also made changes to their positions in the company. Planning Strategies Inc. boosted its position in shares of Vivmark Residential Common Shares of Beneficial Interest by 87.5% in the 3rd quarter. Planning Strategies Inc. now owns 538 shares of the company’s stock worth $33,000 after buying an additional 251 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in Vivmark Residential Common Shares of Beneficial Interest by 47.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,301 shares of the company’s stock valued at $79,000 after acquiring an additional 421 shares during the last quarter. First Financial Corp IN acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $42,000. American National Bank & Trust purchased a new position in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at about $69,000. Finally, Tompkins Financial Corp purchased a new position in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at about $76,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on VMRK shares. Wells Fargo & Company initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Friday, August 21st. They set an “overweight” rating and a $72.00 target price for the company. Stifel Nicolaus dropped their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a “buy” rating for the company in a research note on Wednesday, August 19th. JPMorgan Chase & Co. assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday, August 24th. They set a “neutral” rating and a $73.00 price objective for the company. Piper Sandler cut their price objective on Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Morgan Stanley started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. They issued an “overweight” rating and a $75.00 target price on the stock. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $71.73.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 0.7%

VMRK opened at $60.80 on Thursday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $22.80 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 3.55 and a beta of 0.74. Vivmark Residential Common Shares of Beneficial Interest has a 52 week low of $57.57 and a 52 week high of $71.50. The firm’s fifty day moving average is $63.37.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last posted its quarterly earnings data 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 firm had revenue of $785.05 million during the quarter. As a group, equities 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, October 5th will be paid a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is currently 122.17%.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In other news, Director Susan Swanezy sold 15,700 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 28,934 shares of the company’s stock, valued at $1,845,989.20. The trade was a 35.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Chris Carr sold 1,130 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $291,214.08. This represents a 20.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 58,286 shares of company stock worth $3,735,822 over the last three months. Company insiders own 1.20% of the company’s stock.

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.