Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Earns Buy Rating from Analysts at UBS Group

Analysts at UBS Group started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage set a “buy” rating and a $75.00 price target on the stock. UBS Group’s price target suggests a potential upside of 13.09% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday, August 24th. They set a “neutral” rating and a $73.00 price objective for the company. Morgan Stanley initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. They issued an “overweight” rating and a $75.00 target price for the company. Wells Fargo & Company assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Friday, August 21st. They set an “overweight” rating and a $72.00 price objective on the stock. BMO Capital Markets dropped their price target 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 research note on Monday, August 24th. Finally, Evercore assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 18th. They issued an “in-line” rating and a $72.00 price objective for the company. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $73.95.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 1.2%

Vivmark Residential Common Shares of Beneficial Interest stock opened at $66.32 on Tuesday. Vivmark Residential Common Shares of Beneficial Interest has a 12-month low of $57.57 and a 12-month high of $71.50. The stock has a market cap of $24.87 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 3.60 and a beta of 0.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.19 and a current 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 earnings per share (EPS) for the quarter. The firm had revenue of $785.05 million for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a return on equity of 8.06% and a net margin of 27.97%. On average, research analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS for the current fiscal year.

Insider Activity

In other news, Director Chris Carr sold 1,130 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction that occurred 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 completion of the transaction, the director owned 4,461 shares in the company, valued at approximately $291,214.08. This trade represents a 20.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher B. Howard sold 8,486 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $64.00, for a total value of $543,104.00. Following the completion of the sale, the director owned 12,730 shares of the company’s stock, valued at $814,720. This trade represents a 40.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,286 shares of company stock valued at $3,735,822 over the last three months. Company insiders own 1.20% of the company’s stock.

Hedge Funds 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 stake in shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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.

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.