Cantor Fitzgerald Reiterates Neutral Rating for Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK)

Key Points

• Cantor Fitzgerald reaffirmed its “neutral” rating on Vivmark Residential (NYSE:VMRK) with a $70 price target, implying 2.35% upside from the prior close. Analysts overall maintain a “Hold” consensus with an average target of $73.25.
• VMRK shares opened at $68.39 and have risen 2.4%; the company has a $25.64 billion market capitalization and trades at a price-to-earnings ratio of 16.45.
• Insiders sold 57,156 shares worth $3.66 million over the past 90 days, while institutional investors own 92.68% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report)'s stock had its "neutral" rating reaffirmed by equities research analysts at Cantor Fitzgerald in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $70.00 target price on the stock. Cantor Fitzgerald's price target indicates a potential upside of 2.35% from the company's previous close.

A number of other equities analysts have also commented on VMRK. Stifel Nicolaus decreased their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a "buy" rating for the company in a research note on Wednesday, August 19th. BMO Capital Markets decreased their target price on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a "market perform" rating for the company in a research report on Monday. Wells Fargo & Company assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Friday. They set an "overweight" rating and a $72.00 price target on the stock. Evercore started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 18th. They issued an "in-line" rating and a $72.00 price objective for the company. Finally, JPMorgan Chase & Co. assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Monday. They set a "neutral" rating and a $73.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $73.25.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 2.4%

VMRK stock opened at $68.39 on Tuesday. Vivmark Residential Common Shares of Beneficial Interest has a one year low of $57.57 and a one year high of $71.50. The stock has a market cap of $25.64 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 5.62 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.

Insider Buying and Selling at Vivmark Residential Common Shares of Beneficial Interest

In related news, Director Christopher B. Howard sold 8,486 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction on Tuesday, August 18th. The stock was 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 trade represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael L. Manelis sold 7,825 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $64.31, for a total value of $503,225.75. Following the completion of the transaction, the chief operating officer owned 44,713 shares in the company, valued at $2,875,493.03. This trade represents a 14.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 57,156 shares of company stock worth $3,662,055 over the last 90 days. 1.20% of the stock is currently owned by insiders.

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

An institutional investor recently bought a new position in Vivmark Residential Common Shares of Beneficial Interest stock. Syon Capital LLC acquired a new position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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.

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.

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