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

Key Points

• Analysts have a consensus “Hold” rating on VMRK, with four holds and two buys among six firms. The average 12-month price target is $73.90, compared with a recent share price of $68.39.
• Recent coverage was mixed: Stifel and Wells Fargo maintained bullish views, while BMO, Weiss Ratings, and JPMorgan issued neutral or hold-equivalent ratings; several firms also trimmed their price targets.
• Insiders sold shares recently, with executives and directors selling 56,856 shares worth about $3.64 million during the last quarter. Institutional investors remain dominant shareholders, owning 92.68% of the stock.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Get Free Report) has been assigned an average recommendation of "Hold" from the six research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $73.90.

Several research analysts recently issued reports on VMRK shares. Stifel Nicolaus reduced 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. Wells Fargo & Company started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Friday. They set an "overweight" rating and a $72.00 price target on the stock. BMO Capital Markets cut their price objective 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. Weiss Ratings began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday. They issued a "hold (c)" rating for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday. They issued a "neutral" rating and a $73.00 target price for the company.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

Shares of NYSE VMRK traded up $1.60 during midday trading on Monday, reaching $68.39. 3,189,512 shares of the company's stock traded hands, compared to its average volume of 3,044,540. The company has a market cap of $25.64 billion, a PE ratio of 29.74, a P/E/G ratio of 5.62 and a beta of 0.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.19 and a current ratio of 0.19. Vivmark Residential Common Shares of Beneficial Interest has a one year low of $57.57 and a one year high of $71.50.

Insiders Place Their Bets

In other 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 shares were sold at an average price of $64.00, for a total transaction of $543,104.00. Following the completion of the sale, the director directly owned 12,730 shares in the company, valued at approximately $814,720. The trade was a 40.00% 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, COO Michael L. Manelis sold 7,825 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $64.31, for a total transaction of $503,225.75. Following the sale, the chief operating officer directly owned 44,713 shares in the company, valued at $2,875,493.03. This trade represents a 14.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 56,856 shares of company stock valued at $3,642,162. 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 bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,206 shares of the company's stock, valued at approximately $354,000. 92.68% of the stock is owned by hedge funds and other 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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