Insider Selling: Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Director Sells $511,200.00 in Stock

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Director Charles Mueller, Jr. sold 8,000 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction that occurred 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 trade represents a 33.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

VMRK stock opened at $66.84 on Friday. Vivmark Residential Common Shares of Beneficial Interest has a 12 month low of $57.57 and a 12 month high of $71.50. The company has a market capitalization of $25.06 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 5.48 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on VMRK shares. Weiss Ratings assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday. They issued a “hold (c)” rating for the company. Wells Fargo & Company assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Friday. They set an “overweight” rating and a $72.00 target price on the stock. Stifel Nicolaus reduced their price target on Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a “buy” rating for the company in a research report on Wednesday. Finally, Evercore began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday. They set an “in-line” rating and a $72.00 price target for the company. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $74.17.

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 acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,206 shares of the company’s stock, valued at approximately $354,000. 92.68% of the stock is currently owned by hedge funds and other 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.