Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Free Report) had its price target reduced by Royal Bank Of Canada from $71.00 to $67.00 in a research note published on Tuesday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the stock.
A number of other analysts have also issued reports on VMRK. BTIG Research reiterated a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Thursday, September 17th. Evercore initiated coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 18th. They issued an “in-line” rating and a $72.00 target price for the company. JPMorgan Chase & Co. began coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday, August 24th. They issued a “neutral” rating and a $73.00 target price for the company. Stifel Nicolaus reduced their target price on Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a “buy” rating for the company in a report on Wednesday, August 19th. Finally, BMO Capital Markets decreased their price target on 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 report on Monday, August 24th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $71.73.
Read Our Latest Report on Vivmark Residential Common Shares of Beneficial Interest
Vivmark Residential Common Shares of Beneficial Interest Stock Up 0.5%
NYSE VMRK opened at $61.12 on Tuesday. The company has a 50 day simple moving average of $63.31. 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 current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $22.92 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 3.53 and a beta of 0.74.
Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK – Get Free Report) last announced 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 company had revenue of $785.05 million for the quarter. Equities analysts expect that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS for the current year.
Vivmark Residential Common Shares of Beneficial Interest Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Monday, October 5th will be issued a $0.7025 dividend. This represents a $2.81 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, October 5th. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is presently 122.17%.
Insider Activity
In related news, Director Charles E. Mueller, Jr. sold 8,000 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $63.90, for a total value of $511,200.00. Following the sale, the director owned 16,084 shares in the company, valued at approximately $1,027,767.60. This trade represents a 33.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Michael L. Manelis sold 7,825 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $64.31, for a total value of $503,225.75. Following the completion of the sale, the chief operating officer owned 44,713 shares in the company, valued at $2,875,493.03. This trade represents a 14.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 58,286 shares of company stock worth $3,735,822. Company insiders own 1.20% of the company’s stock.
Hedge Funds Weigh In On Vivmark Residential Common Shares of Beneficial Interest
A number of institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC raised its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 51.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 8,234 shares of the company’s stock valued at $500,000 after acquiring an additional 2,802 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth about $1,334,000. Mystic Asset Management Inc. grew its holdings in shares of Vivmark Residential Common Shares of Beneficial Interest by 93.3% during the third quarter. Mystic Asset Management Inc. now owns 12,950 shares of the company’s stock worth $787,000 after purchasing an additional 6,251 shares in the last quarter. Ninety One UK Ltd bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth approximately $492,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth approximately $27,330,000. 92.68% of the stock is currently 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.
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