Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Free Report) had its price objective reduced by UBS Group from $75.00 to $71.00 in a research note released on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the stock.
A number of other equities research analysts have also recently issued reports on the stock. Piper Sandler reduced their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a “neutral” rating for the company in a research report on Monday. Morgan Stanley assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. They set an “overweight” rating and a $75.00 price target on the stock. BMO Capital Markets dropped their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $74.00 and set a “market perform” rating for the company in a research note on Monday, August 24th. Scotiabank dropped 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 research note on Thursday, September 17th. Finally, Weiss Ratings began coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a report on Wednesday, August 19th. They issued a “hold (c)” rating for the company. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $71.73.
View Our Latest Analysis on Vivmark Residential Common Shares of Beneficial Interest
Vivmark Residential Common Shares of Beneficial Interest Price Performance
VMRK opened at $61.23 on Wednesday. The firm has a fifty day moving average price of $63.27. The company has a market cap of $22.96 billion, a P/E ratio of 26.26, a PEG ratio of 3.55 and a beta of 0.74. Vivmark Residential Common Shares of Beneficial Interest has a 1 year low of $57.57 and a 1 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 – Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 earnings per share 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%. Equities analysts anticipate 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Monday, October 5th were given a dividend of $0.7025 per share. The ex-dividend date of this dividend was Monday, October 5th. This represents a $2.81 annualized dividend and a yield of 4.6%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio is currently 122.17%.
Insider Activity
In other Vivmark Residential Common Shares of Beneficial Interest news, EVP Edward M. Schulman sold 16,595 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were 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 of the company’s stock, valued at $3,135,809.04. This trade represents a 25.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles E. Mueller, Jr. sold 8,000 shares of the business’s 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 transaction, the director owned 16,084 shares of the company’s stock, valued at $1,027,767.60. The trade was a 33.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 58,286 shares of company stock valued at $3,735,822. Company insiders own 1.20% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Planning Strategies Inc. boosted its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 87.5% in the 3rd quarter. Planning Strategies Inc. now owns 538 shares of the company’s stock valued at $33,000 after purchasing an additional 251 shares in the last quarter. Mather Group LLC. bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at $33,000. First Financial Corp IN acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth $42,000. American National Bank & Trust acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth $69,000. Finally, Tompkins Financial Corp acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth $76,000. 92.68% of the stock is currently owned by institutional investors and hedge funds.
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.
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