Cantor Fitzgerald Issues Pessimistic Forecast for Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Stock Price

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) had its price objective lowered by analysts at Cantor Fitzgerald from $70.00 to $68.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Cantor Fitzgerald‘s target price would suggest a potential upside of 3.78% from the company’s current price.

Several other equities research analysts also recently commented on VMRK. BTIG Research restated a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Thursday, September 17th. Barclays cut their target price on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 14th. Mizuho raised shares of Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $70.00 to $73.00 in a research report on Tuesday, September 8th. Weiss Ratings started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 19th. They set a “hold (c)” rating on the stock. Finally, Royal Bank Of Canada dropped their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 13th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $71.19.

Vivmark Residential Common Shares of Beneficial Interest Trading Up 0.0%

VMRK opened at $65.53 on Monday. The firm has a fifty day moving average of $62.60. Vivmark Residential Common Shares of Beneficial Interest has a 1-year low of $57.57 and a 1-year high of $71.50. The company has a market capitalization of $24.57 billion, a P/E ratio of 242.69, a P/E/G ratio of 3.79 and a beta of 0.72. The company has a current ratio of 0.35, a quick ratio of 0.19 and a debt-to-equity ratio of 0.08.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last issued its earnings results on Wednesday, July 22nd. The company reported $0.30 EPS for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a negative return on equity of 0.80% and a negative net margin of 4.21%. The company had revenue of $785.05 million during the quarter. On average, research analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 EPS for the current fiscal year.

Insider Activity

In other news, Director Susan Swanezy sold 15,700 shares of the company’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 owned 28,934 shares in the company, valued at $1,845,989.20. This represents a 35.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher B. Howard sold 8,486 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $64.00, for a total transaction of $543,104.00. Following the completion of the sale, the director owned 12,730 shares of the company’s stock, valued at approximately $814,720. This represents a 40.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 58,286 shares of company stock worth $3,735,822. Company insiders own 1.20% of the company’s stock.

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

Institutional investors have recently added to or reduced their stakes in the company. Avise Financial Cooperative Inc. bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth approximately $344,000. Danske Bank A S bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at approximately $32,762,000. Diversified Trust Co bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at approximately $217,000. Moors & Cabot Inc. bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at approximately $1,708,000. Finally, Russell Investments Group Ltd. increased its position in shares of Vivmark Residential Common Shares of Beneficial Interest by 18.4% during the third quarter. Russell Investments Group Ltd. now owns 2,136,437 shares of the company’s stock valued at $129,934,000 after acquiring an additional 332,678 shares during the last quarter. 92.68% of the stock is owned by 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.