Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Research Coverage Started at KeyCorp

KeyCorp assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in a research note published on Wednesday morning, Marketbeat.com reports. The brokerage issued a sector weight rating on the stock.

Several other equities research analysts have also recently weighed in on VMRK. Morgan Stanley assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday. They issued an “overweight” rating and a $75.00 price target on the stock. Evercore began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 18th. They issued an “in-line” rating and a $72.00 price objective for the company. 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 objective for the company. BMO Capital Markets reduced their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a “market perform” rating on the stock in a report on Monday. Finally, Piper Sandler upped their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $73.81.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 0.2%

Shares of VMRK opened at $65.64 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market cap of $24.61 billion, a PE ratio of 28.11, a PEG ratio of 3.58 and a beta of 0.73. Vivmark Residential Common Shares of Beneficial Interest has a 1 year low of $57.57 and a 1 year high of $71.50.

Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest

In other news, COO Michael L. Manelis sold 7,825 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $64.31, for a total transaction of $503,225.75. Following the transaction, 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 SEC, which can be accessed through the SEC website. 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 shares were sold at an average price of $63.90, for a total value of $511,200.00. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 57,156 shares of company stock worth $3,662,055. 1.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Vivmark Residential Common Shares of Beneficial Interest stock. Syon Capital LLC bought 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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.