Chris Carr Sells 1,130 Shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Stock

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Director Chris Carr sold 1,130 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $65.28, for a total transaction of $73,766.40. Following the completion of the transaction, the director owned 4,461 shares of the company’s stock, valued at approximately $291,214.08. This trade represents a 20.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Vivmark Residential Common Shares of Beneficial Interest Trading Up 0.8%

Shares of NYSE:VMRK opened at $65.52 on Friday. 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 52 week low of $57.57 and a 52 week high of $71.50. The firm has a market cap of $24.57 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 3.60 and a beta of 0.73.

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

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

An institutional investor recently bought a new position in Vivmark Residential Common Shares of Beneficial Interest stock. Syon Capital LLC bought a new position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,206 shares of the company’s stock, valued at approximately $354,000. Institutional investors own 92.68% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Barclays reduced their target price on Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $75.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 2nd. JPMorgan Chase & Co. started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Monday, August 24th. They set a “neutral” rating and a $73.00 price target for the company. KeyCorp began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday, August 26th. They issued a “sector weight” rating on the stock. Stifel Nicolaus reduced their price objective on shares of 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. Finally, 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 stock from $70.00 to $73.00 in a research report on Tuesday, September 8th. Four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Vivmark Residential Common Shares of Beneficial Interest currently has an average rating of “Hold” and an average price target of $73.85.

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.