Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Upgraded at Mizuho

Mizuho upgraded shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) from a neutral rating to an outperform rating in a report published on Tuesday morning, MarketBeat Ratings reports. The firm currently has $73.00 price objective on the stock, up from their prior price objective of $70.00.

Several other brokerages also recently commented on VMRK. Wells Fargo & Company initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Friday, August 21st. They issued an “overweight” rating and a $72.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Monday, August 24th. They set a “neutral” rating and a $73.00 target price for the company. Evercore initiated 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. Cantor Fitzgerald reissued a “neutral” rating and issued a $70.00 price target on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 25th. Finally, Stifel Nicolaus lowered their price target on Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a “buy” rating on the stock in a report on Wednesday, August 19th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $73.85.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Shares of VMRK stock opened at $65.11 on Tuesday. The firm has a market cap of $24.41 billion, a PE ratio of 28.31, a PEG ratio of 3.56 and a beta of 0.73. 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.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last issued its earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a net margin of 27.97% and a return on equity of 8.06%. The company had revenue of $785.05 million during the quarter. Equities research analysts predict that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS for the current fiscal year.

Insider Buying and Selling

In other Vivmark Residential Common Shares of Beneficial Interest news, COO Michael L. Manelis sold 7,825 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $64.31, for a total transaction of $503,225.75. Following the completion of the transaction, the chief operating officer owned 44,713 shares of the company’s stock, valued at $2,875,493.03. This represents a 14.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Swanezy sold 15,700 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $63.80, for a total value of $1,001,660.00. Following the transaction, the director owned 28,934 shares of the company’s stock, valued at approximately $1,845,989.20. The trade was a 35.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,156 shares of company stock worth $3,662,055 in the last 90 days. 1.20% of the stock is owned by company insiders.

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

An institutional investor recently bought a new position 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) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,206 shares of the company’s stock, valued at approximately $354,000. Institutional investors and hedge funds 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.