Scotiabank Cuts Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Price Target to $66.00

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) had its price objective lowered by Scotiabank from $70.00 to $66.00 in a research report sent to investors on Thursday, Marketbeat reports. The brokerage currently has a sector perform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Monday, August 24th. They issued a “neutral” rating and a $73.00 price objective on the stock. Stifel Nicolaus dropped 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. BMO Capital Markets cut their price target 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 report on Monday, August 24th. Mizuho upgraded Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $70.00 to $73.00 in a report on Tuesday, September 8th. Finally, Wells Fargo & Company began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Friday, August 21st. They set an “overweight” rating and a $72.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $73.29.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

Shares of VMRK stock opened at $61.21 on Thursday. 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 52 week low of $57.57 and a 52 week high of $71.50. The company has a market cap of $22.95 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 3.36 and a beta of 0.73.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a net margin of 27.97% and a return on equity of 8.06%. The company had revenue of $785.05 million during the quarter. On average, analysts predict that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Edward M. Schulman sold 16,595 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $64.29, for a total value of $1,066,892.55. Following the completion of the transaction, the executive vice president owned 48,776 shares of the company’s stock, valued at approximately $3,135,809.04. This trade represents a 25.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christopher B. Howard sold 8,486 shares of the firm’s 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 transaction, the director directly owned 12,730 shares of the company’s stock, valued at approximately $814,720. This trade represents a 40.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,286 shares of company stock valued at $3,735,822 over the last 90 days. 1.20% of the stock is currently owned by company insiders.

Hedge Funds 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 bought a new stake in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the second quarter, according to the company in its most recent disclosure 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 institutional investors.

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.