Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Now Covered by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan initiated coverage of Vivmark Residential with a “neutral” rating and a $73 price target, implying 6.88% upside from the prior close.
• Analyst sentiment is broadly cautious: two analysts rate the stock a Buy and four rate it a Hold, producing an average rating of “Hold” and an average target price of $73.90.
• VMRK traded at $68.30 with a $25.61 billion market capitalization, while insiders have sold 56,856 shares worth approximately $3.64 million over the past 90 days.

Equities researchers at JPMorgan Chase & Co. began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) in a research report issued on Monday,Benzinga reports. The firm set a "neutral" rating and a $73.00 price target on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 6.88% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus dropped their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a "buy" rating on the stock in a research note on Wednesday, August 19th. Wells Fargo & Company started coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Friday. They issued an "overweight" rating and a $72.00 price target on the stock. Weiss Ratings started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday. They issued a "hold (c)" rating for the company. Evercore started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 18th. They set an "in-line" rating and a $72.00 price objective for the company. Finally, BMO Capital Markets dropped their price objective on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a "market perform" rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $73.90.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

NYSE:VMRK traded up $1.51 during midday trading on Monday, hitting $68.30. 2,505,485 shares of the company traded hands, compared to its average volume of 3,041,314. The firm has a market capitalization of $25.61 billion, a PE ratio of 29.71, a PEG ratio of 5.62 and a beta of 0.73. 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 quick ratio of 0.19 and a current ratio of 0.19.

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

In other Vivmark Residential Common Shares of Beneficial Interest news, COO Michael L. Manelis sold 7,825 shares of the business's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $64.31, for a total transaction of $503,225.75. Following the transaction, the chief operating officer owned 44,713 shares of the company's stock, valued at approximately $2,875,493.03. The trade was a 14.89% 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 Charles E. Mueller, Jr. sold 8,000 shares of the firm's 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 owned 16,084 shares of the company's stock, valued at approximately $1,027,767.60. The trade was a 33.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 56,856 shares of company stock valued at $3,642,162. Corporate insiders own 1.20% of the company's stock.

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

A hedge fund 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 its most recent 13F filing with the SEC. The firm acquired 5,206 shares of the company's stock, valued at approximately $354,000. 92.68% of the stock is currently owned by institutional investors.

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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