Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Research Coverage Started at Morgan Stanley

Morgan Stanley started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in a research report sent to investors on Tuesday. The firm issued an overweight rating and a $75.00 price target on the stock.

A number of other equities research analysts have also weighed in on VMRK. Evercore began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 18th. They issued an “in-line” rating and a $72.00 target price for the company. Cantor Fitzgerald restated a “neutral” rating and set a $70.00 price target on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday. Stifel Nicolaus decreased their price target 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 note on Wednesday, August 19th. JPMorgan Chase & Co. started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday. They issued a “neutral” rating and a $73.00 price target on the stock. Finally, Weiss Ratings started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 19th. They issued a “hold (c)” rating for the company. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Vivmark Residential Common Shares of Beneficial Interest presently has a consensus rating of “Hold” and a consensus price target of $73.81.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

NYSE VMRK opened at $65.54 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. Vivmark Residential Common Shares of Beneficial Interest has a 12-month low of $57.57 and a 12-month high of $71.50. The stock has a market cap of $24.57 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In related news, COO Michael L. Manelis sold 7,825 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $64.31, for a total value of $503,225.75. Following the sale, the chief operating officer directly owned 44,713 shares of the company’s stock, valued at $2,875,493.03. This trade represents a 14.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher B. Howard sold 8,486 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $64.00, for a total value of $543,104.00. Following the transaction, the director owned 12,730 shares in the company, valued at approximately $814,720. This represents a 40.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,156 shares of company stock valued at $3,662,055 in the last quarter. 1.20% of the stock is currently owned by company insiders.

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

An institutional investor recently bought a new position 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) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,206 shares of the company’s stock, valued at approximately $354,000. 92.68% of the stock is currently 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.