Vivmark Residential Common Shares of Beneficial Interest's (VMRK) "Neutral" Rating Reiterated at BTIG Research

Key Points

• BTIG Research reiterated its “neutral” rating on Vivmark Residential (VMRK). Analyst sentiment remains mixed, with five Buy ratings and nine Hold ratings, producing an overall “Hold” consensus and a $73.95 average price target.
• VMRK opened at $63.06, compared with a 52-week range of $57.57 to $71.50. The company recently reported quarterly EPS of $0.30 on revenue of $785.05 million, while analysts expect full-year EPS of $4.07.
• Insiders sold 58,286 shares worth approximately $3.74 million over the past 90 days, while institutional investors own 92.68% of the company. Two executives notably reduced their holdings through August 18 sales.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report)'s stock had its "neutral" rating reiterated by stock analysts at BTIG Research in a research report issued to clients and investors on Thursday, Benzinga reports.

Several other analysts have also recently commented on VMRK. KeyCorp started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 26th. They issued a "sector weight" rating on the stock. Wells Fargo & Company assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Friday, August 21st. They set an "overweight" rating and a $72.00 price target on the stock. Cantor Fitzgerald restated a "neutral" rating and set a $70.00 price objective on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. UBS Group initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday. They issued a "buy" rating and a $75.00 target price for the company. Finally, Morgan Stanley initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. They set an "overweight" rating and a $75.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Vivmark Residential Common Shares of Beneficial Interest has an average rating of "Hold" and a consensus price target of $73.95.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

Vivmark Residential Common Shares of Beneficial Interest stock opened at $63.06 on Thursday. 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 quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. The stock has a market cap of $23.64 billion, a price-to-earnings ratio of 27.42, a PEG ratio of 3.60 and a beta of 0.73.

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

Insiders Place Their Bets

In related news, EVP Edward M. Schulman sold 16,595 shares of the firm's stock in a transaction dated 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 completion of the transaction, the executive vice president owned 48,776 shares of the company's stock, valued at $3,135,809.04. This trade represents a 25.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan Swanezy sold 15,700 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 $63.80, for a total value 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. The trade was a 35.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 58,286 shares of company stock valued at $3,735,822. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Vivmark Residential Common Shares of Beneficial Interest

An institutional investor recently bought a new stake in Vivmark Residential Common Shares of Beneficial Interest stock. Syon Capital LLC purchased a new position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,206 shares of the company's stock, valued at approximately $354,000. Institutional investors 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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