Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Coverage Initiated by Analysts at KeyCorp

Equities researchers at KeyCorp began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in a research report issued to clients and investors on Wednesday. The firm set a “sector weight” rating on the stock.

VMRK has been the topic of a number of other research reports. Morgan Stanley began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday. They set an “overweight” rating and a $75.00 price target on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $76.00 price objective on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday. Cantor Fitzgerald reiterated a “neutral” rating and issued a $70.00 target price on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday. JPMorgan Chase & Co. initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Monday. They set a “neutral” rating and a $73.00 target price on the stock. Finally, Weiss Ratings initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Wednesday, August 19th. They set a “hold (c)” rating on the stock. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $73.81.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 0.8%

Shares of NYSE:VMRK opened at $67.63 on Wednesday. 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 1 year low of $57.57 and a 1 year high of $71.50. The stock has a market cap of $25.36 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 3.74 and a beta of 0.73.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In other news, Director Susan Swanezy sold 15,700 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $63.80, for a total value of $1,001,660.00. Following the transaction, the director directly owned 28,934 shares of the company’s stock, valued at approximately $1,845,989.20. This represents a 35.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Charles E. Mueller, Jr. sold 8,000 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $63.90, for a total value of $511,200.00. Following the completion of the transaction, the director directly owned 16,084 shares in the company, valued at $1,027,767.60. This represents a 33.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 57,156 shares of company stock worth $3,662,055 in the last quarter. 1.20% of the stock is owned by insiders.

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 purchased a new position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,206 shares of the company’s stock, valued at approximately $354,000. 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, DC, Seattle, San Francisco, Southern California and Denver.