UBS Group Has Lowered Expectations for Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) Stock Price

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) had its price objective decreased by investment analysts at UBS Group from $75.00 to $71.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 17.23% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Mizuho upgraded shares of Vivmark Residential Common Shares of Beneficial Interest from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $70.00 to $73.00 in a research note on Tuesday, September 8th. BMO Capital Markets lowered their target price on shares of 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. Scotiabank dropped their target price on shares of Vivmark Residential Common Shares of Beneficial Interest from $70.00 to $66.00 and set a “sector perform” rating on the stock in a report on Thursday, September 17th. Stifel Nicolaus lowered their price target 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 report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. started coverage on Vivmark Residential Common Shares of Beneficial Interest in a research note on Monday, August 24th. They issued a “neutral” rating and a $73.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $71.73.

Vivmark Residential Common Shares of Beneficial Interest Stock Down 1.0%

VMRK traded down $0.63 on Wednesday, hitting $60.57. The company had a trading volume of 675,876 shares, compared to its average volume of 3,533,341. Vivmark Residential Common Shares of Beneficial Interest has a 1-year low of $57.57 and a 1-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 firm has a market cap of $22.71 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 3.55 and a beta of 0.74.

Vivmark Residential Common Shares of Beneficial Interest (NYSE:VMRK) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.30 EPS 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%. The company had revenue of $785.05 million for the quarter. Research analysts forecast that Vivmark Residential Common Shares of Beneficial Interest will post 4.07 EPS for the current year.

Insider Activity at Vivmark Residential Common Shares of Beneficial Interest

In other news, Director Christopher B. Howard sold 8,486 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $64.00, for a total transaction 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. This trade represents a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Edward M. Schulman sold 16,595 shares of Vivmark Residential Common Shares of Beneficial Interest stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $64.29, for a total transaction of $1,066,892.55. Following the sale, the executive vice president owned 48,776 shares in the company, valued at approximately $3,135,809.04. This trade represents a 25.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 58,286 shares of company stock worth $3,735,822 in the last ninety days. Company insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mechanics Bank Trust Department bought a new position in shares of Vivmark Residential Common Shares of Beneficial Interest during the 3rd quarter worth approximately $588,000. First Financial Corp IN bought a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $42,000. Perpetual Ltd bought a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $26,651,000. Armstrong Advisory Group Inc. bought a new stake in Vivmark Residential Common Shares of Beneficial Interest in the third quarter valued at $767,000. Finally, Legacy Wealth Asset Management LLC acquired a new position in Vivmark Residential Common Shares of Beneficial Interest during the third quarter worth $315,000. Institutional investors own 92.68% of the company’s stock.

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.