Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in a research report issued on Tuesday. The brokerage set an “overweight” rating and a $75.00 price target on the stock. Morgan Stanley’s target price would indicate a potential upside of 10.87% from the company’s previous close.

Several other analysts also recently weighed in on VMRK. JPMorgan Chase & Co. started coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Monday. They issued a “neutral” rating and a $73.00 target price for the company. Weiss Ratings assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 19th. They set a “hold (c)” rating for the company. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $70.00 target price on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday. BMO Capital Markets cut their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a “market perform” rating for the company in a report on Monday. Finally, Wells Fargo & Company started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Friday. They set an “overweight” rating and a $72.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $73.50.

Vivmark Residential Common Shares of Beneficial Interest Trading Down 0.7%

Shares of NYSE VMRK traded down $0.49 during midday trading on Tuesday, hitting $67.65. The company’s stock had a trading volume of 742,342 shares, compared to its average volume of 3,050,429. 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 1 year low of $57.57 and a 1 year high of $71.50. The firm has a market cap of $25.36 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 5.62 and a beta of 0.73.

Insiders Place Their Bets

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Christopher B. Howard sold 8,486 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $64.00, for a total value of $543,104.00. Following the completion of the sale, the director directly owned 12,730 shares of the company’s stock, valued at approximately $814,720. The trade was a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan Swanezy sold 15,700 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $63.80, for a total value of $1,001,660.00. Following the sale, the director owned 28,934 shares in the company, valued at $1,845,989.20. This trade represents a 35.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 57,156 shares of company stock valued at $3,662,055. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Vivmark Residential Common Shares of Beneficial Interest

An institutional investor 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 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,206 shares of the company’s stock, valued at approximately $354,000. 92.68% of the stock is owned by hedge funds and other institutional investors.

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.