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 target price reduced by investment analysts at Royal Bank Of Canada from $71.00 to $67.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 9.55% from the company’s previous close.

A number of other brokerages have also weighed in on VMRK. Scotiabank lowered 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 for the company in a report on Thursday, September 17th. BMO Capital Markets reduced their target price 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. Wells Fargo & Company initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Friday, August 21st. They set an “overweight” rating and a $72.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Monday, August 24th. They issued a “neutral” rating and a $73.00 target price on the stock. Finally, Stifel Nicolaus lowered their price target on shares of Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a “buy” rating for the company in a research note on Wednesday, August 19th. Five equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $72.12.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

NYSE:VMRK traded down $0.09 during mid-day trading on Tuesday, reaching $61.16. The stock had a trading volume of 616,634 shares, compared to its average volume of 3,530,806. The company has a market capitalization of $22.93 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 3.55 and a beta of 0.74. Vivmark Residential Common Shares of Beneficial Interest has a one year low of $57.57 and a one year high of $71.50. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.19 and a quick ratio of 0.19.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.30 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 business had revenue of $785.05 million for the quarter. On average, sell-side analysts predict that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current fiscal year.

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

In other Vivmark Residential Common Shares of Beneficial Interest news, Director Charles E. Mueller, Jr. sold 8,000 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $63.90, for a total transaction of $511,200.00. Following the completion of the sale, the director owned 16,084 shares of the company’s stock, valued at $1,027,767.60. This represents a 33.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Edward M. Schulman sold 16,595 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $64.29, for a total transaction 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. This trade represents a 25.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,286 shares of company stock worth $3,735,822 over the last ninety days. 1.20% of the stock is owned by company insiders.

Institutional Trading of Vivmark Residential Common Shares of Beneficial Interest

Large investors have recently modified their holdings of the business. Perpetual Ltd purchased a new position in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at about $26,651,000. Armstrong Advisory Group Inc. bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at approximately $767,000. Legacy Wealth Asset Management LLC bought a new position in Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter valued at approximately $315,000. GAMMA Investing LLC lifted its holdings in Vivmark Residential Common Shares of Beneficial Interest by 39.4% in the 3rd quarter. GAMMA Investing LLC now owns 17,614 shares of the company’s stock worth $1,070,000 after buying an additional 4,979 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Vivmark Residential Common Shares of Beneficial Interest by 59.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,884 shares of the company’s stock worth $661,000 after buying an additional 4,055 shares during the period. 92.68% of the stock is 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.