Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) COO Sells $503,225.75 in Stock

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) COO Michael Manelis sold 7,825 shares of the stock in a transaction 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 sale, the chief operating officer owned 44,713 shares of the company’s stock, valued at $2,875,493.03. The trade was a 14.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Vivmark Residential Common Shares of Beneficial Interest Stock Up 2.6%

Shares of NYSE:VMRK opened at $66.84 on Friday. The firm has a market cap of $25.06 billion, a P/E ratio of 16.04, a P/E/G ratio of 5.48 and a beta of 0.73. 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 has a 12-month low of $57.57 and a 12-month high of $71.50.

Hedge Funds Weigh In On Vivmark Residential Common Shares of Beneficial Interest

An institutional investor recently bought a new stake in Vivmark Residential Common Shares of Beneficial Interest stock. Syon Capital LLC bought a new position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 5,206 shares of the company’s stock, valued at approximately $354,000. 92.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on VMRK shares. Evercore started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday. They set an “in-line” rating and a $72.00 price objective for the company. Weiss Ratings started coverage on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Wednesday. They issued a “hold (c)” rating on the stock. Stifel Nicolaus cut their price target on Vivmark Residential Common Shares of Beneficial Interest from $79.00 to $78.50 and set a “buy” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company began coverage on Vivmark Residential Common Shares of Beneficial Interest in a report on Friday. They set an “overweight” rating and a $72.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.17.

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.