2 weeks Ago By Defense World Staff
Vanguard Group Inc. grew its position in Veris Residential, Inc. (NYSE:VRE – Free Report) by 2.
7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,697,341 shares of the company’s stock after purchasing an additional 331,354 shares during the quarter. Vanguard Group Inc.
owned approximately 13.67% of Veris Residential worth $211,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other hedge funds and other institutional investors have also recently modified their holdings of the company.
Cornerstone Investment Partners LLC bought a new position in Veris Residential in the 4th quarter worth $184,000. Point72 Asset Management L.P.
bought a new position in shares of Veris Residential in the third quarter worth about $263,000. Van ECK Associates Corp boosted its stake in shares of Veris Residential by 10.2% in the fourth quarter.
Van ECK Associates Corp now owns 14,870 shares of the company’s stock worth $247,000 after acquiring an additional 1,378 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Veris Residential during the fourth quarter worth about $274,000. Finally, Tidal Investments LLC bought a new stake in Veris Residential during the 3rd quarter valued at approximately $397,000.
93.04% of the stock is owned by hedge funds and other institutional investors. Veris Residential Stock Down 5.
3 %Shares of VRE opened at $15.78 on Friday. 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 stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -92.79, a price-to-earnings-growth ratio of 2.
50 and a beta of 1.17. Veris Residential, Inc.
has a 1 year low of $13.84 and a 1 year high of $18.85.
The business’s 50 day simple moving average is $16.26 and its 200-day simple moving average is $16.86.
Veris Residential (NYSE:VRE – Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
12 by ($0.01). Veris Residential had a negative net margin of 5.
70% and a negative return on equity of 4.97%. The business had revenue of $68.
08 million for the quarter, compared to analysts’ expectations of $66.98 million. As a group, equities analysts expect that Veris Residential, Inc.
will post 0.61 earnings per share for the current fiscal year. Veris Residential Dividend AnnouncementThe firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th.
Investors of record on Monday, March 31st will be issued a $0.08 dividend. This represents a $0.
32 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Monday, March 31st.
Veris Residential’s payout ratio is -133.33%. Analyst Upgrades and DowngradesSeveral research firms have weighed in on VRE.
JPMorgan Chase & Co. upgraded Veris Residential from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $14.00 to $17.
00 in a research note on Tuesday, December 17th. Truist Financial raised their target price on shares of Veris Residential from $16.00 to $17.
00 and gave the company a “hold” rating in a research note on Monday, March 10th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $18.00 price target (down previously from $20.
00) on shares of Veris Residential in a research note on Wednesday, February 26th.Read Our Latest Stock Analysis on VREVeris 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 ReadingFive stocks we like better than Veris Residential3 Natural Gas Stocks That Offer Great Dividend YieldsConagra Stock Could Thrive as Tariffs Hit Other SectorsDiversification Can Smooth Returns And Mitigate Portfolio RiskGrocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey FindsWhat is the MACD Indicator and How to Use it in Your TradingSpotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?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)..
