Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Receives Average Recommendation of “Hold” from Analysts

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) has earned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $73.2917.

A number of brokerages have recently issued reports on VMRK. Wells Fargo & Company began coverage on shares of 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 for the company. Barclays reduced their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 2nd. Weiss Ratings assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 19th. They set a “hold (c)” rating for the company. Scotiabank lowered their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating for the company in a research report on Thursday. 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 stock a “neutral” rating in a research note on Wednesday, August 26th.

Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest

In other Vivmark Residential Common Shares of Beneficial Interest news, EVP Edward M. Schulman sold 16,595 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $64.29, for a total transaction of $1,066,892.55. Following the transaction, the executive vice president directly owned 48,776 shares in the company, valued at $3,135,809.04. This trade represents a 25.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles E. Mueller, Jr. sold 8,000 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction 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 sale, the director directly owned 16,084 shares of the company’s stock, valued at approximately $1,027,767.60. This trade represents a 33.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,286 shares of company stock valued at $3,735,822 in the last ninety days. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds 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 stake in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,206 shares of the company’s stock, valued at approximately $354,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

Shares of VMRK stock traded down $1.10 on Friday, reaching $61.91. 1,656,830 shares of the company’s stock were exchanged, compared to its average volume of 3,330,635. 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 debt-to-equity ratio of 0.77, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $23.21 billion, a P/E ratio of 26.92, a P/E/G ratio of 3.46 and a beta of 0.73.

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

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.