Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Stock Gets Price Target Reduction from Cantor Fitzgerald

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) had its price target trimmed by Cantor Fitzgerald from $70.00 to $68.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts have also recently weighed in on VMRK. KeyCorp started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 26th. They set a “sector weight” rating for the company. Mizuho raised Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $70.00 to $73.00 in a research report on Tuesday, September 8th. Weiss Ratings assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 19th. They issued a “hold (c)” rating on the stock. Stifel Nicolaus set a $77.50 price target on Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday. Finally, Wells Fargo & Company lowered their price target on Vivmark Residential Common Shares of Beneficial Interest from $72.00 to $68.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Vivmark Residential Common Shares of Beneficial Interest currently has a consensus rating of “Hold” and a consensus target price of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

Shares of VMRK stock opened at $64.56 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.19 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $24.21 billion, a price-to-earnings ratio of 219.17, a PEG ratio of 3.80 and a beta of 0.72. The stock’s 50-day moving average is $62.60. Vivmark Residential Common Shares of Beneficial Interest has a 1-year low of $57.57 and a 1-year high of $71.50.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share for the quarter. The business had revenue of $785.05 million during the quarter. Vivmark Residential Common Shares of Beneficial Interest had a negative net margin of 4.21% and a negative return on equity of 0.80%. Sell-side analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.08 EPS for the current fiscal year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Monday, October 5th were given a $0.7025 dividend. This represents a $2.81 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s payout ratio is currently 1,040.74%.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In other news, EVP Edward M. Schulman sold 16,595 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $64.29, for a total transaction of $1,066,892.55. Following the sale, the executive vice president owned 48,776 shares of the company’s stock, valued at approximately $3,135,809.04. This represents a 25.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher B. Howard sold 8,486 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $64.00, for a total transaction of $543,104.00. Following the sale, the director directly owned 12,730 shares in the company, valued at $814,720. This represents a 40.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 58,286 shares of company stock valued at $3,735,822. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. First Eagle Investment Management LLC acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth approximately $781,771,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at approximately $221,533,000. Russell Investments Group Ltd. grew its stake in shares of Vivmark Residential Common Shares of Beneficial Interest by 18.4% in the third quarter. Russell Investments Group Ltd. now owns 2,136,437 shares of the company’s stock worth $129,934,000 after acquiring an additional 332,678 shares in the last quarter. Boston Partners acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth $111,044,000. Finally, Aew Capital Management Inc. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth $105,661,000. Institutional investors and hedge funds 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, D.C., Seattle, San Francisco, Southern California and Denver.