Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Now Covered by JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in a report issued on Monday,Benzinga reports. The firm set a “neutral” rating and a $73.00 price target on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 6.88% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus reduced 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 report on Wednesday, August 19th. Weiss Ratings assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday. They set a “hold (c)” rating on the stock. Wells Fargo & Company initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Friday. They issued an “overweight” rating and a $72.00 target price for the company. BMO Capital Markets lowered their target price 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 report on Monday. Finally, Evercore assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 18th. They issued an “in-line” rating and a $72.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.90.

Vivmark Residential Common Shares of Beneficial Interest Trading Up 2.3%

Shares of Vivmark Residential Common Shares of Beneficial Interest stock traded up $1.51 during trading hours on Monday, reaching $68.30. The company’s stock had a trading volume of 2,505,485 shares, compared to its average volume of 3,041,314. Vivmark Residential Common Shares of Beneficial Interest has a one year low of $57.57 and a one year high of $71.50. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market cap of $25.61 billion, a P/E ratio of 29.71, a PEG ratio of 5.62 and a beta of 0.73.

Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest

In other Vivmark Residential Common Shares of Beneficial Interest news, COO Michael L. Manelis sold 7,825 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was 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 in the company, valued at $2,875,493.03. This trade represents a 14.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Edward M. Schulman sold 16,595 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president owned 48,776 shares of the company’s stock, valued at approximately $3,135,809.04. This trade represents a 25.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 56,856 shares of company stock valued at $3,642,162 in the last three months. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Vivmark Residential Common Shares of Beneficial Interest

A hedge fund recently bought a new stake in Vivmark Residential Common Shares of Beneficial Interest stock. Syon Capital LLC bought a new position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,206 shares of the company’s stock, valued at approximately $354,000. Hedge funds and other institutional investors own 92.68% 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.