Vivmark Residential Common Shares of Beneficial Interest (VMRK) to Issue Quarterly Dividend of $0.70 on October 16th

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) declared a quarterly dividend on Thursday, September 24th. Investors 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 yield of 4.6%. The ex-dividend date of this dividend is Monday, October 5th.

Vivmark Residential Common Shares of Beneficial Interest Trading Up 0.8%

NYSE VMRK opened at $61.52 on Friday. 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 has a twelve month low of $57.57 and a twelve month high of $71.50. The company has a market cap of $23.07 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 3.35 and a beta of 0.73.

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 (EPS) for the quarter. The company had revenue of $785.05 million during the quarter. Vivmark Residential Common Shares of Beneficial Interest had a return on equity of 8.06% and a net margin of 27.97%. Sell-side analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Evercore began coverage on 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 target price on the stock. KeyCorp initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 26th. They set a “sector weight” rating for the company. Mizuho raised shares of Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $70.00 to $73.00 in a research report on Tuesday, September 8th. Wells Fargo & Company began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Friday, August 21st. They issued an “overweight” rating and a $72.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. They issued an “overweight” rating and a $75.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.