Easterly Investment Partners LLC lessened its position in Veris Residential, Inc. (NYSE:VRE - Free Report) by 75.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,949 shares of the company's stock after selling 100,747 shares during the period. Easterly Investment Partners LLC's holdings in Veris Residential were worth $571,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Veris Residential by 417.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,686 shares of the company's stock worth $41,000 after buying an additional 2,167 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Veris Residential by 35.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,880 shares of the company's stock worth $51,000 after acquiring an additional 755 shares during the last quarter. Quarry LP acquired a new position in shares of Veris Residential in the 2nd quarter worth $48,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Veris Residential in the 2nd quarter worth $48,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Veris Residential in the 1st quarter worth $152,000. Institutional investors own 93.04% of the company's stock.
Veris Residential Price Performance
Shares of VRE stock traded up $0.26 on Friday, reaching $18.09. 413,221 shares of the company's stock traded hands, compared to its average volume of 335,109. The business's 50 day moving average price is $17.41 and its two-hundred day moving average price is $16.14. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.73 and a current ratio of 0.73. Veris Residential, Inc. has a 12-month low of $13.27 and a 12-month high of $18.29.
Analysts Set New Price Targets
VRE has been the topic of a number of research analyst reports. Evercore ISI lifted their price target on Veris Residential from $17.00 to $19.00 and gave the company an "outperform" rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. lifted their price target on Veris Residential from $13.00 to $14.00 and gave the company an "underweight" rating in a report on Monday, September 16th.
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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
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