Vivmark Residential Common Shares of Beneficial Interest (VMRK) – What Are Researchers Saying About This Stock?

Shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) have been given an average recommendation of “Hold” by the sixteen research firms that are presently covering the stock, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $72.12.

Several research firms have recently commented on VMRK. Piper Sandler lowered their price target on Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a “neutral” rating for the company in a research report on Monday. Evercore began coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 18th. They issued an “in-line” rating and a $72.00 price objective on the stock. Cantor Fitzgerald reiterated a “neutral” rating and issued a $70.00 price objective on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 25th. Wells Fargo & Company initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Friday, August 21st. They set an “overweight” rating and a $72.00 target price on the stock. Finally, Weiss Ratings assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 19th. They set a “hold (c)” rating for the company.

Insiders Place Their Bets

In related news, Director Susan Swanezy sold 15,700 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 28,934 shares of the company’s stock, valued at $1,845,989.20. This represents a 35.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher B. Howard sold 8,486 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $64.00, for a total transaction of $543,104.00. Following the sale, the director owned 12,730 shares in the company, valued at approximately $814,720. This trade represents a 40.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 58,286 shares of company stock valued at $3,735,822. 1.20% of the stock is owned by company insiders.

Institutional Trading of Vivmark Residential Common Shares of Beneficial Interest

A number of large investors have recently modified their holdings of the stock. Pensionfund Sabic purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth about $3,181,000. Red Spruce Capital LLC purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $1,367,000. Pensionfund PDN purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $6,617,000. Perpetual Ltd acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $26,651,000. Finally, Ferguson Wellman Capital Management Inc. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $42,080,000. Hedge funds and other institutional investors own 92.68% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Shares of VMRK stock traded down $0.18 during trading hours on Tuesday, hitting $61.07. The company had a trading volume of 699,963 shares, compared to its average volume of 3,531,153. 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 fifty-two week low of $57.57 and a fifty-two week high of $71.50. The firm has a market cap of $22.90 billion, a P/E ratio of 26.55, a P/E/G ratio of 3.55 and a beta of 0.74.

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

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Monday, October 5th will be paid a $0.7025 dividend. The ex-dividend date of this dividend is Monday, October 5th. This represents a $2.81 annualized dividend and a dividend yield of 4.6%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is presently 122.17%.

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.