Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Given New $67.00 Price Target at Royal Bank Of Canada

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) had its price objective dropped by research analysts at Royal Bank Of Canada from $71.00 to $67.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 9.55% from the company’s current price.

A number of other analysts have also recently issued reports on VMRK. Evercore assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Tuesday, August 18th. They set an “in-line” rating and a $72.00 price objective on the stock. Weiss Ratings began coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 19th. They set a “hold (c)” rating for the company. Scotiabank decreased their price target on Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating on the stock in a research report on Thursday, September 17th. BTIG Research reissued a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Thursday, September 17th. Finally, BMO Capital Markets lowered their price target 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, August 24th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.12.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 0.1%

Vivmark Residential Common Shares of Beneficial Interest stock traded down $0.09 during mid-day trading on Tuesday, reaching $61.16. The company’s stock had a trading volume of 616,634 shares, compared to its average volume of 3,530,806. The company has a current ratio of 0.19, a quick 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 firm has a market capitalization of $22.93 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 3.55 and a beta of 0.74.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last posted its earnings results on Wednesday, July 22nd. The company reported $0.30 earnings per share (EPS) for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a return on equity of 8.06% and a net margin of 27.97%. The firm had revenue of $785.05 million for 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.

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

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Christopher B. Howard sold 8,486 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $64.00, for a total value of $543,104.00. Following the sale, the director owned 12,730 shares of the company’s stock, valued at $814,720. This trade represents a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Edward M. Schulman sold 16,595 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 48,776 shares in the company, valued at approximately $3,135,809.04. The trade was a 25.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 58,286 shares of company stock valued at $3,735,822 over the last 90 days. Insiders own 1.20% of the company’s stock.

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

Several hedge funds have recently bought and sold shares of VMRK. Planning Strategies Inc. lifted its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 87.5% during the 3rd quarter. Planning Strategies Inc. now owns 538 shares of the company’s stock worth $33,000 after acquiring an additional 251 shares during the last quarter. Rosenberg Matthew Hamilton grew its position in Vivmark Residential Common Shares of Beneficial Interest by 47.8% in the third quarter. Rosenberg Matthew Hamilton now owns 1,301 shares of the company’s stock worth $79,000 after acquiring an additional 421 shares in the last quarter. American National Bank & Trust bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $69,000. Tompkins Financial Corp bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $76,000. Finally, MassMutual Private Wealth & Trust FSB bought a new position in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $127,000. 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.