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

Equities researchers at UBS Group began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in a research report issued on Tuesday, Benzinga reports. The firm set a “buy” rating and a $75.00 price target on the stock. UBS Group’s target price would suggest a potential upside of 13.09% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Piper Sandler increased their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, August 26th. Mizuho raised Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $70.00 to $73.00 in a report on Tuesday, September 8th. Cantor Fitzgerald reiterated a “neutral” rating and set a $70.00 price target on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. Barclays cut their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday, August 24th. They issued a “neutral” rating and a $73.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vivmark Residential Common Shares of Beneficial Interest has a consensus rating of “Hold” and an average price target of $73.95.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 1.2%

NYSE:VMRK opened at $66.32 on Tuesday. The company has a market cap of $24.87 billion, a PE ratio of 28.83, a P/E/G ratio of 3.60 and a beta of 0.73. 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 debt-to-equity ratio of 0.77, a current ratio of 0.19 and a quick ratio of 0.19.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a return on equity of 8.06% and a net margin of 27.97%.The business had revenue of $785.05 million for the quarter. As a group, sell-side analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current fiscal year.

Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest

In related news, COO Michael L. Manelis sold 7,825 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction on Monday, August 17th. The shares were sold at an average price of $64.31, for a total value of $503,225.75. Following the completion of the sale, the chief operating officer owned 44,713 shares of the company’s stock, valued at approximately $2,875,493.03. The trade was a 14.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was 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 approximately $1,027,767.60. This trade represents a 33.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 58,286 shares of company stock worth $3,735,822. 1.20% of the stock is owned by company insiders.

Hedge Funds 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 shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

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.