Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Receives Average Rating of "Hold" from Brokerages

Key Points

• Analyst sentiment is neutral: Fifteen analysts give VMRK a consensus “Hold” rating, with 10 holds and five buys. The average 12-month price target is $73.29.
• Recent analyst updates were mixed: Morgan Stanley initiated coverage with an “Overweight” rating and a $75 target, while Barclays and Scotiabank cut their price targets to $75 and $66, respectively.
• Shares fell 1.7% to $61.91, near the lower end of their 52-week range. Meanwhile, insiders sold $3.74 million of stock over the past 90 days, while institutional investors own 92.68% of the company.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) has received a consensus rating of "Hold" from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $73.2917.

A number of analysts have recently weighed in on the stock. Weiss Ratings initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 19th. They issued a "hold (c)" rating on the stock. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $70.00 price target on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 25th. Barclays reduced their price objective on Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Wednesday, September 2nd. Morgan Stanley started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. They set an "overweight" rating and a $75.00 price objective on the stock. Finally, Scotiabank lowered their price objective on Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a "sector perform" rating for the company in a research note on Thursday.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In related news, Director Christopher B. Howard sold 8,486 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $64.00, for a total value of $543,104.00. Following the completion of the sale, the director directly owned 12,730 shares in the company, valued at $814,720. This trade represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan Swanezy sold 15,700 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 $63.80, for a total transaction of $1,001,660.00. Following the transaction, the director directly owned 28,934 shares of the company's stock, valued at $1,845,989.20. The trade was a 35.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,286 shares of company stock worth $3,735,822 in the last ninety days. Corporate 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 acquired a new position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 1.7%

Shares of VMRK traded down $1.10 during mid-day trading on Friday, hitting $61.91. 1,656,830 shares of the stock were exchanged, compared to its average volume of 3,330,635. The stock has a market capitalization of $23.21 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 3.46 and a beta of 0.73. 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 debt-to-equity ratio of 0.77, a current ratio of 0.19 and a quick ratio of 0.19.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share for the quarter. The firm had revenue of $785.05 million during the quarter. Vivmark Residential Common Shares of Beneficial Interest had a net margin of 27.97% and a return on equity of 8.06%. As a group, equities analysts expect that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current fiscal year.

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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