Insider Selling: Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Director Sells $543,104.00 in Stock

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Director Christopher Howard sold 8,486 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $64.00, for a total value of $543,104.00. Following the completion of the transaction, the director directly owned 12,730 shares of the company’s stock, valued at approximately $814,720. The trade was a 40.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Vivmark Residential Common Shares of Beneficial Interest Trading Up 2.6%

NYSE:VMRK opened at $66.84 on Friday. Vivmark Residential Common Shares of Beneficial Interest has a one year low of $57.57 and a one year 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. The company has a market cap of $25.06 billion, a P/E ratio of 16.04, a price-to-earnings-growth ratio of 5.48 and a beta of 0.73.

Analyst Upgrades and Downgrades

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

Institutional Trading of Vivmark Residential Common Shares of Beneficial Interest

A hedge fund recently bought a new stake in Vivmark Residential Common Shares of Beneficial Interest stock. Syon Capital LLC acquired a new position in Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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.

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.