Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Stock Gets Price Target Cut from Wells Fargo & Company

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) had its price target decreased by Wells Fargo & Company from $72.00 to $68.00 in a research report released on Monday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other equities research analysts have also issued reports about the company. BMO Capital Markets lowered their price objective 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 note on Monday, August 24th. Royal Bank Of Canada dropped their target price on Vivmark Residential Common Shares of Beneficial Interest from $71.00 to $67.00 and set a “sector perform” rating for the company in a report on Tuesday, October 13th. JPMorgan Chase & Co. assumed coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Monday, August 24th. They set a “neutral” rating and a $73.00 target price for the company. Scotiabank decreased their price target on Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 17th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $70.00 price target on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Tuesday, August 25th. Five analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 0.1%

NYSE VMRK opened at $61.94 on Monday. The company has a market capitalization of $23.22 billion, a PE ratio of 26.56, a P/E/G ratio of 3.59 and a beta of 0.74. The company has a 50-day simple moving average of $63.15. Vivmark Residential Common Shares of Beneficial Interest has a twelve month low of $57.57 and a twelve month high of $71.50. 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 posted 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 during the quarter. Vivmark Residential Common Shares of Beneficial Interest had a net margin of 27.97% and a return on equity of 8.06%. Research analysts anticipate that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 earnings per share for the current 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. Stockholders of record on Monday, October 5th were issued 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 dividend yield of 4.5%. Vivmark Residential Common Shares of Beneficial Interest’s dividend payout ratio (DPR) is presently 122.17%.

Insider Buying and Selling

In other news, COO Michael L. Manelis sold 7,825 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $64.31, for a total value of $503,225.75. Following the completion of the transaction, the chief operating officer owned 44,713 shares in the company, valued at approximately $2,875,493.03. The trade was a 14.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Edward M. Schulman sold 16,595 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $64.29, for a total value of $1,066,892.55. Following the completion of the transaction, the executive vice president directly owned 48,776 shares in the company, valued at $3,135,809.04. The trade was a 25.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,286 shares of company stock valued at $3,735,822 in the last ninety days. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Vivmark Residential Common Shares of Beneficial Interest

A number of hedge funds and other institutional investors have recently bought and sold shares of VMRK. Physician Wealth Advisors Inc. bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest in the third quarter worth about $27,000. Nisa Investment Advisors LLC acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth approximately $7,884,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth approximately $41,636,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $368,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the third quarter valued at approximately $17,486,000. 92.68% of the stock is 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.