Narwhal Capital Management Acquires New Stake in Vivmark Residential Common Shares of Beneficial Interest $VMRK

Narwhal Capital Management bought a new position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 147,419 shares of the company’s stock, valued at approximately $8,957,000.

Several other large investors have also recently modified their holdings of VMRK. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at $221,533,000. Asset Management One Co. Ltd. purchased a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $85,957,000. Ferguson Wellman Capital Management Inc. purchased a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $42,080,000. Robeco Institutional Asset Management B.V. bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at $41,636,000. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at $38,810,000. Institutional investors own 92.68% of the company’s stock.

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

In other news, COO Michael L. Manelis sold 7,825 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $64.31, for a total transaction of $503,225.75. Following the transaction, the chief operating officer directly owned 44,713 shares of the company’s stock, valued at approximately $2,875,493.03. This trade represents a 14.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Charles E. Mueller, Jr. sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $63.90, for a total value of $511,200.00. Following the completion of the sale, the director owned 16,084 shares of the company’s stock, valued at $1,027,767.60. The trade was a 33.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 58,286 shares of company stock valued at $3,735,822. 1.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on VMRK. KeyCorp began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 26th. They issued a “sector weight” rating on the stock. 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 for the company. Scotiabank cut their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. Cantor Fitzgerald reduced their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, BTIG Research reissued a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Thursday, September 17th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Vivmark Residential Common Shares of Beneficial Interest presently has a consensus rating of “Hold” and an average price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 0.5%

VMRK opened at $65.78 on Wednesday. The firm’s fifty day simple moving average is $62.62. 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 current ratio of 0.35, a quick ratio of 0.19 and a debt-to-equity ratio of 0.08. The stock has a market cap of $24.66 billion, a PE ratio of 243.63, a P/E/G ratio of 3.82 and a beta of 0.72.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.30 EPS for the quarter. The firm had revenue of $785.05 million for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a negative net margin of 4.21% and a negative return on equity of 0.80%. Equities analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 EPS for the current fiscal year.

Vivmark Residential Common Shares of Beneficial Interest Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 5th were paid a $0.7025 dividend. This represents a $2.81 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is currently 1,040.74%.

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, D.C., Seattle, San Francisco, Southern California and Denver.