Stifel Nicolaus Cuts Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Price Target to $78.50

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) had its target price reduced by Stifel Nicolaus from $79.00 to $78.50 in a report issued on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 2.6%

Shares of Vivmark Residential Common Shares of Beneficial Interest stock opened at $66.84 on Wednesday. Vivmark Residential Common Shares of Beneficial Interest has a 52-week low of $57.57 and a 52-week high of $71.50. 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 debt-to-equity ratio of 0.77, a current ratio of 0.19 and a quick ratio of 0.19.

Insiders Place Their Bets

In other Vivmark Residential Common Shares of Beneficial Interest news, 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 value of $1,001,660.00. Following the completion of the sale, the director directly owned 28,934 shares of the company’s stock, valued at $1,845,989.20. The trade was a 35.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Michael L. Manelis sold 7,825 shares of the company’s 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 sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 56,856 shares of company stock valued at $3,642,162 over the last three months. 1.20% of the stock is currently owned by company insiders.

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

A hedge fund recently bought a new stake in Vivmark Residential Common Shares of Beneficial Interest stock. Syon Capital LLC purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm 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.