Scotiabank Has Lowered Expectations for Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Stock Price

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) had its price target lowered by stock analysts at Scotiabank from $70.00 to $66.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 3.92% from the company’s current price.

Other research analysts have also issued research reports about the company. BMO Capital Markets dropped their target price on Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a “market perform” rating for the company in a research report on Monday, August 24th. JPMorgan Chase & Co. began coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Monday, August 24th. They set a “neutral” rating and a $73.00 price objective for the company. Morgan Stanley began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. They issued an “overweight” rating and a $75.00 price objective on the stock. Wells Fargo & Company initiated 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 target price for the company. Finally, Evercore assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 18th. They set an “in-line” rating and a $72.00 target price for the company. Five research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $73.29.

Vivmark Residential Common Shares of Beneficial Interest Trading Up 0.8%

VMRK stock traded up $0.52 during mid-day trading on Thursday, reaching $63.51. 1,160,513 shares of the stock traded hands, compared to its average volume of 3,318,072. Vivmark Residential Common Shares of Beneficial Interest has a one year low of $57.57 and a one year high of $71.50. The stock has a market capitalization of $23.81 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 3.60 and a beta of 0.73. 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 (NYSE:VMRK) last released 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 net margin of 27.97% and a return on equity of 8.06%. The firm had revenue of $785.05 million during the quarter. As a group, analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Christopher B. Howard sold 8,486 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $64.00, for a total value of $543,104.00. Following the transaction, the director directly owned 12,730 shares in the company, valued at approximately $814,720. This trade represents a 40.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Chris Carr sold 1,130 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $65.28, for a total value of $73,766.40. Following the sale, the director owned 4,461 shares of the company’s stock, valued at $291,214.08. This trade represents a 20.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 58,286 shares of company stock valued at $3,735,822 over the last quarter. 1.20% of the stock is owned by company insiders.

Institutional Investors 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 purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,206 shares of the company’s stock, valued at approximately $354,000. Institutional investors 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.