Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Raised to Outperform at Mizuho

Key Points

• Mizuho upgraded VMRK from “neutral” to “outperform” and set a $73 price target, implying approximately 11.77% upside from the prior close.
• Despite the upgrade, analyst sentiment remains mixed: VMRK has a consensus “hold” rating, with four buys and eight holds and an average price target of $73.85.
• VMRK opened at $65.31, while insiders have sold 57,156 shares worth about $3.66 million over the past 90 days; institutional investors own 92.68% of the company.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) was upgraded by equities research analysts at Mizuho from a "neutral" rating to an "outperform" rating in a research report issued on Tuesday, Marketbeat.com reports. The firm presently has a $73.00 target price on the stock. Mizuho's target price points to a potential upside of 11.77% from the stock's previous close.

VMRK has been the subject of a number of other reports. Evercore started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 18th. They issued an "in-line" rating and a $72.00 target price for the company. BMO Capital Markets decreased their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a "market perform" rating on the stock in a report on Monday, August 24th. JPMorgan Chase & Co. began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday, August 24th. They set a "neutral" rating and a $73.00 price objective for the company. KeyCorp assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 26th. They set a "sector weight" rating for the company. Finally, Stifel Nicolaus cut their target price on Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a "buy" rating on the stock in a research report on Wednesday, August 19th. Four equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $73.85.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 0.1%

NYSE VMRK opened at $65.31 on Tuesday. Vivmark Residential Common Shares of Beneficial Interest has a 12 month low of $57.57 and a 12 month high of $71.50. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market cap of $24.49 billion, a PE ratio of 28.05, a P/E/G ratio of 3.58 and a beta of 0.73.

Insider Activity

In related news, Director Charles E. Mueller, Jr. sold 8,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 16,084 shares in the company, valued at approximately $1,027,767.60. This trade represents a 33.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Susan Swanezy sold 15,700 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $63.80, for a total transaction of $1,001,660.00. Following the transaction, the director directly owned 28,934 shares in the company, valued at approximately $1,845,989.20. This trade represents a 35.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 57,156 shares of company stock worth $3,662,055. 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 Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor 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.

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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