Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Stock Has Average Price Target of $72.12 According to Brokerages

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) has been assigned a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $71.42.

A number of research firms recently weighed in on VMRK. Evercore assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 18th. They set an “in-line” rating and a $72.00 target price on the stock. Royal Bank Of Canada decreased their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 13th. Mizuho upgraded shares of Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $70.00 to $73.00 in a report on Tuesday, September 8th. UBS Group cut their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. Finally, Scotiabank cut their price objective on shares of 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.

Insider Activity

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 that occurred 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 completion of the transaction, the director directly owned 12,730 shares in the company, valued at $814,720. This trade represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Edward M. Schulman sold 16,595 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $64.29, for a total value of $1,066,892.55. Following the transaction, the executive vice president directly owned 48,776 shares in the company, valued at $3,135,809.04. This trade represents a 25.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 58,286 shares of company stock valued at $3,735,822. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Vivmark Residential Common Shares of Beneficial Interest

Institutional investors and hedge funds have recently made changes to their positions in the company. Ferguson Wellman Capital Management Inc. acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter worth about $42,080,000. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $38,810,000. State of Alaska Department of Revenue acquired a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $27,330,000. Perpetual Ltd bought a new stake in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at $26,651,000. Finally, Pensionfund PDN bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at approximately $6,617,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

Shares of VMRK opened at $60.85 on Tuesday. The firm has a 50-day simple moving average of $63.21. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.77. The firm has a market cap of $22.82 billion, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 3.55 and a beta of 0.74. Vivmark Residential Common Shares of Beneficial Interest has a fifty-two week low of $57.57 and a fifty-two week high of $71.50.

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. The firm had revenue of $785.05 million during the quarter. Vivmark Residential Common Shares of Beneficial Interest had a net margin of 27.97% and a return on equity of 8.06%. Equities research analysts expect that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current fiscal year.

Vivmark Residential Common Shares of Beneficial Interest Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were issued a dividend of $0.7025 per share. This represents a $2.81 annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is presently 122.17%.

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.