Insider Selling: Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Director Sells $1,001,660.00 in Stock

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Director Susan Swanezy sold 15,700 shares of the business’s stock in a transaction 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 in the company, valued at approximately $1,845,989.20. This trade represents a 35.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

VMRK opened at $66.84 on Friday. The firm has a market capitalization of $25.06 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 5.48 and a beta of 0.73. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. Vivmark Residential Common Shares of Beneficial Interest has a 12-month low of $57.57 and a 12-month high of $71.50.

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 position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the second quarter, according to its most recent disclosure 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on VMRK shares. Evercore started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday. They issued an “in-line” rating and a $72.00 price objective for the company. Stifel Nicolaus dropped their target price 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. Weiss Ratings initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday. They issued a “hold (c)” rating for the company. Finally, Wells Fargo & Company assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Friday. They issued an “overweight” rating and a $72.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vivmark Residential Common Shares of Beneficial Interest presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.17.

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.