Barclays PLC Sells 73,115 Shares of Veris Residential, Inc. (NYSE:VRE)

Barclays PLC trimmed its stake in shares of Veris Residential, Inc. (NYSE:VRE - Free Report) by 22.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 247,153 shares of the company's stock after selling 73,115 shares during the quarter. Barclays PLC owned 0.27% of Veris Residential worth $4,111,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Veris Residential by 51.7% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 975,262 shares of the company's stock valued at $16,219,000 after buying an additional 332,381 shares during the period. Vanguard Group Inc. increased its holdings in Veris Residential by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 12,697,341 shares of the company's stock worth $211,157,000 after acquiring an additional 331,354 shares during the period. Norges Bank purchased a new stake in Veris Residential in the 4th quarter worth approximately $4,828,000. JPMorgan Chase & Co. boosted its holdings in Veris Residential by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,102,857 shares of the company's stock valued at $37,557,000 after purchasing an additional 219,901 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Veris Residential during the 4th quarter valued at $1,737,000. Hedge funds and other institutional investors own 93.04% of the company's stock.

Veris Residential Stock Down 1.9 %

VRE opened at $15.50 on Monday. The business's fifty day simple moving average is $16.08 and its 200 day simple moving average is $16.60. Veris Residential, Inc. has a 52 week low of $13.84 and a 52 week high of $18.85. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. The stock has a market cap of $1.44 billion, a PE ratio of -91.17, a P/E/G ratio of 2.50 and a beta of 1.17.

Veris Residential (NYSE:VRE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $67.76 million for the quarter, compared to analyst estimates of $69.24 million. Veris Residential had a negative return on equity of 4.97% and a negative net margin of 5.70%. As a group, research analysts expect that Veris Residential, Inc. will post 0.61 earnings per share for the current fiscal year.

Veris Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Monday, March 31st. Veris Residential's dividend payout ratio is currently -100.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Truist Financial increased their price objective on Veris Residential from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. Evercore ISI reiterated an "in-line" rating and set a $18.00 price target (down previously from $20.00) on shares of Veris Residential in a research report on Wednesday, February 26th.

Veris Residential Profile

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.

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