9 hours Ago By ABMN Staff
Invesco Ltd. boosted its position in Veris Residential, Inc. ( NYSE:VRE – Free Report ) by 6.
7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 422,077 shares of the company’s stock after purchasing an additional 26,546 shares during the period. Invesco Ltd.
’s holdings in Veris Residential were worth $7,019,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors also recently added to or reduced their stakes in the business. Russell Investments Group Ltd.
raised its stake in shares of Veris Residential by 26.8% during the 4th quarter. Russell Investments Group Ltd.
now owns 43,071 shares of the company’s stock worth $716,000 after buying an additional 9,102 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Veris Residential by 6.4% in the fourth quarter.
Wells Fargo & Company MN now owns 47,291 shares of the company’s stock valued at $786,000 after acquiring an additional 2,860 shares during the period. Resona Asset Management Co. Ltd.
purchased a new stake in shares of Veris Residential during the 4th quarter worth $526,000. ExodusPoint Capital Management LP acquired a new position in shares of Veris Residential during the 4th quarter worth $852,000. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Veris Residential by 13.
3% in the 4th quarter. Pictet Asset Management Holding SA now owns 24,339 shares of the company’s stock valued at $405,000 after purchasing an additional 2,848 shares in the last quarter. Hedge funds and other institutional investors own 93.
04% of the company’s stock. Analyst Ratings Changes VRE has been the subject of a number of research reports. Truist Financial lifted their price target on shares of Veris Residential from $16.
00 to $17.00 and gave the company a “hold” rating in a research report on Monday, March 10th. Evercore ISI reiterated an “in-line” rating and set a $18.
00 target price (down from $20.00) on shares of Veris Residential in a research report on Wednesday, February 26th. Veris Residential Trading Down 1.
7 % Shares of Veris Residential stock opened at $15.81 on Friday. Veris Residential, Inc.
has a 1 year low of $13.84 and a 1 year high of $18.85.
The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.
73. The business has a 50 day moving average price of $16.09 and a 200 day moving average price of $16.
62. The company has a market capitalization of $1.47 billion, a P/E ratio of -92.
99, a P/E/G ratio of 2.50 and a beta of 1.17.
Veris Residential ( NYSE:VRE – Get Free Report ) last announced its earnings results on Wednesday, April 23rd. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.
13 by $0.03. Veris Residential had a negative net margin of 5.
70% and a negative return on equity of 4.97%. The firm had revenue of $67.
76 million during the quarter, compared to the consensus estimate of $69.24 million. Sell-side analysts anticipate that Veris Residential, Inc.
will post 0.61 EPS for the current fiscal year. Veris Residential Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th.
Shareholders of record on Monday, March 31st were paid a $0.08 dividend. The ex-dividend date was Monday, March 31st.
This represents a $0.32 annualized dividend and a yield of 2.02%.
Veris Residential’s payout ratio is currently -133.33%. Veris Residential Company Profile ( Free Report ) Veris Residential, Inc is a forward-thinking, environmentally and socially conscious real estate investment trust (REIT) that primarily owns, operates, acquires and develops holistically-inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today’s residents while seeking to positively impact the communities it serves and the planet at large.
Further Reading Want to see what other hedge funds are holding VRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veris Residential, Inc. ( NYSE:VRE – Free Report ).
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