Brokerages Set Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) PT at $73.90

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) has been assigned a consensus rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $73.8125.

A number of brokerages have issued reports on VMRK. BMO Capital Markets lowered 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, August 24th. Morgan Stanley assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 25th. They issued an “overweight” rating and a $75.00 price target for the company. Wells Fargo & Company started 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 target for the company. Cantor Fitzgerald reiterated a “neutral” rating and set a $70.00 price objective on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. Finally, KeyCorp initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 26th. They set a “sector weight” rating on the stock.

Insider Activity

In other news, Director Susan Swanezy sold 15,700 shares of the firm’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 value of $1,001,660.00. Following the completion of the transaction, the director directly owned 28,934 shares in the company, valued at approximately $1,845,989.20. This trade represents a 35.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael L. Manelis sold 7,825 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $64.31, for a total transaction of $503,225.75. Following the transaction, the chief operating officer directly owned 44,713 shares of the company’s stock, valued at approximately $2,875,493.03. This represents a 14.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 57,156 shares of company stock valued at $3,662,055. 1.20% of the stock is currently owned by insiders.

Institutional Trading of 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 13F filing with the SEC. The fund purchased 5,206 shares of the company’s stock, valued at approximately $354,000. Institutional investors own 92.68% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Shares of Vivmark Residential Common Shares of Beneficial Interest stock opened at $65.64 on Monday. The stock has a market capitalization of $24.61 billion, a P/E ratio of 28.54, a PEG ratio of 3.59 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 current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.77.

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.