Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Given Average Rating of “Hold” by Brokerages

Shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) have earned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $73.90.

VMRK has been the topic of several recent research reports. BMO Capital Markets lowered their price objective 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 research report on Monday. Weiss Ratings began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday. They issued a “hold (c)” rating for the company. JPMorgan Chase & Co. initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Monday. They set a “neutral” rating and a $73.00 price target on the stock. Stifel Nicolaus dropped their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a “buy” rating on the stock in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Friday. They issued an “overweight” rating and a $72.00 price objective for the company.

Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Charles E. Mueller, Jr. sold 8,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $63.90, for a total transaction of $511,200.00. Following the completion of the transaction, the director directly owned 16,084 shares in the company, valued at approximately $1,027,767.60. This represents a 33.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan Swanezy sold 15,700 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $63.80, for a total transaction of $1,001,660.00. Following the transaction, the director directly owned 28,934 shares in the company, valued at approximately $1,845,989.20. The trade was a 35.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 56,856 shares of company stock worth $3,642,162 over the last quarter. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Vivmark Residential Common Shares of Beneficial Interest stock. Syon Capital LLC purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 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 Stock Up 2.4%

Vivmark Residential Common Shares of Beneficial Interest stock traded up $1.60 during midday trading on Monday, hitting $68.39. 3,189,512 shares of the company were exchanged, compared to its average volume of 3,044,540. The firm has a market cap of $25.64 billion, a price-to-earnings ratio of 29.74, a price-to-earnings-growth ratio of 5.62 and a beta of 0.73. Vivmark Residential Common Shares of Beneficial Interest has a fifty-two week low of $57.57 and a fifty-two week high of $71.50. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77.

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, DC, Seattle, San Francisco, Southern California and Denver.