Wells Fargo & Company Issues Pessimistic Forecast for Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Stock Price

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) had its target price reduced by equities research analysts at Wells Fargo & Company from $72.00 to $68.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 11.75% from the company’s previous close.

A number of other brokerages also recently issued reports on VMRK. BTIG Research reaffirmed a “neutral” rating on shares of Vivmark Residential Common Shares of Beneficial Interest in a research note on Thursday, September 17th. Cantor Fitzgerald reissued a “neutral” rating and set a $70.00 price target on shares of Vivmark Residential Common Shares of Beneficial Interest in a research report on Tuesday, August 25th. Mizuho raised shares of Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $70.00 to $73.00 in a research report on Tuesday, September 8th. UBS Group dropped their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, October 14th. Finally, Piper Sandler cut their price objective on shares of Vivmark Residential Common Shares of Beneficial Interest from $76.00 to $67.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. Five research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $71.42.

Vivmark Residential Common Shares of Beneficial Interest Price Performance

Shares of NYSE:VMRK traded down $0.41 during midday trading on Monday, hitting $60.85. The company had a trading volume of 752,436 shares, compared to its average volume of 3,563,694. Vivmark Residential Common Shares of Beneficial Interest has a twelve month low of $57.57 and a twelve month high of $71.50. The stock has a market capitalization of $22.82 billion, a PE ratio of 26.47, a price-to-earnings-growth ratio of 3.55 and a beta of 0.74. 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 firm’s 50-day moving average is $63.27.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.30 earnings per share for the quarter. The company had revenue of $785.05 million for the quarter. Vivmark Residential Common Shares of Beneficial Interest had a return on equity of 8.06% and a net margin of 27.97%. As a group, sell-side analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS for the current year.

Insider Transactions at Vivmark Residential Common Shares of Beneficial Interest

In related news, EVP Edward M. Schulman sold 16,595 shares of the 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 approximately $3,135,809.04. This represents a 25.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Charles E. Mueller, Jr. sold 8,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director owned 16,084 shares of the company’s stock, valued at $1,027,767.60. The trade was a 33.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders 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 currently owned by corporate insiders.

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

Several large investors have recently modified their holdings of the business. Capital Square LLC acquired a new stake in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth about $294,000. Brown Lisle Cummings Inc. purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $122,000. IFP Advisors Inc purchased a new stake in Vivmark Residential Common Shares of Beneficial Interest in the 3rd quarter valued at about $38,000. AlphaStar Capital Management LLC raised its holdings in Vivmark Residential Common Shares of Beneficial Interest by 23.5% in the 3rd quarter. AlphaStar Capital Management LLC now owns 7,945 shares of the company’s stock valued at $483,000 after buying an additional 1,510 shares during the period. Finally, Dynamic Wealth Strategies LLC lifted its position in Vivmark Residential Common Shares of Beneficial Interest by 605.0% in the third quarter. Dynamic Wealth Strategies LLC now owns 2,820 shares of the company’s stock valued at $171,000 after buying an additional 2,420 shares during the last quarter. Institutional investors and hedge funds own 92.68% of the company’s stock.

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.