Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Coverage Initiated by Analysts at Evercore

Evercore assumed coverage on shares of Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in a research report released on Tuesday morning. The firm issued an in-line rating and a $72.00 price objective on the stock.

Separately, Stifel Nicolaus lowered their target price 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 report on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $75.25.

Vivmark Residential Common Shares of Beneficial Interest Stock Performance

VMRK traded down $0.15 during midday trading on Tuesday, hitting $63.88. The company’s stock had a trading volume of 2,407,045 shares, compared to its average volume of 2,986,531. Vivmark Residential Common Shares of Beneficial Interest has a 52-week low of $57.57 and a 52-week high of $71.50.

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.