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

Key Points

• Cantor Fitzgerald cut its price target on VMRK from $70 to $68 and maintained a neutral rating, implying 3.78% upside from the stock’s current price.
• Analyst sentiment is broadly cautious: the consensus rating is Hold, with an average price target of $71.19; 11 analysts rate the stock Hold and five rate it Buy.
• Company insiders sold 58,286 shares worth about $3.74 million over the last quarter; insiders own 1.20% of the company.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) had its price objective reduced by 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 price target would suggest a potential upside of 3.78% from the stock's current price.

Several other analysts have also weighed in on VMRK. Barclays reduced their price objective 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 research note on Wednesday, October 14th. Stifel Nicolaus set a $77.50 target price on Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday. Piper Sandler dropped their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a "neutral" rating for the company in a report on Monday, October 12th. Scotiabank reduced their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a "sector perform" rating on the stock in a research note on Thursday, September 17th. Finally, UBS Group reduced their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $71.00 and set a "buy" rating on the stock in a research note on Wednesday, October 14th. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $71.19.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

Shares of VMRK opened at $65.53 on Monday. Vivmark Residential Common Shares of Beneficial Interest has a one year low of $57.57 and a one year high of $71.50. The firm 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. The company's 50 day moving average price is $62.60.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) last issued its earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share 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 firm had revenue of $785.05 million for the quarter. On average, analysts expect that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Charles E. Mueller, Jr. sold 8,000 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $63.90, for a total transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Edward M. Schulman sold 16,595 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $64.29, for a total value of $1,066,892.55. Following the sale, the executive vice president directly owned 48,776 shares in the company, valued at $3,135,809.04. The trade was a 25.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 58,286 shares of company stock worth $3,735,822. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Avise Financial Cooperative Inc. bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth approximately $344,000. Danske Bank A S acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth approximately $32,762,000. Diversified Trust Co bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at $217,000. Moors & Cabot Inc. bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at $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 worth $129,934,000 after buying an additional 332,678 shares during the period. Institutional investors 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.

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