Marshall Wace LLP Has $12.72 Million Position in Veris Residential, Inc. (NYSE:VRE)

Marshall Wace LLP boosted its holdings in shares of Veris Residential, Inc. (NYSE:VRE - Free Report) by 49.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 764,879 shares of the company's stock after buying an additional 253,736 shares during the period. Marshall Wace LLP owned approximately 0.82% of Veris Residential worth $12,720,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Covestor Ltd lifted its position in Veris Residential by 11,246.7% in the 4th quarter. Covestor Ltd now owns 1,702 shares of the company's stock valued at $28,000 after acquiring an additional 1,687 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of Veris Residential by 824.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,515 shares of the company's stock worth $42,000 after purchasing an additional 2,243 shares during the last quarter. Cornerstone Investment Partners LLC bought a new position in shares of Veris Residential in the fourth quarter valued at approximately $184,000. Jump Financial LLC purchased a new position in shares of Veris Residential during the fourth quarter valued at approximately $205,000. Finally, Van ECK Associates Corp grew its holdings in Veris Residential by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 14,870 shares of the company's stock worth $247,000 after buying an additional 1,378 shares in the last quarter. 93.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VRE has been the subject of several recent analyst reports. Truist Financial upped their target price on shares of Veris Residential from $16.00 to $17.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. Evercore ISI reiterated an "in-line" rating and issued a $18.00 price objective (down previously from $20.00) on shares of Veris Residential in a research note on Wednesday, February 26th.

Veris Residential Trading Down 1.9 %

NYSE VRE opened at $15.58 on Tuesday. The business's fifty day moving average is $16.09 and its 200-day moving average is $16.64. 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 $1.45 billion, a price-to-earnings ratio of -91.64, a PEG ratio of 2.50 and a beta of 1.17. Veris Residential, Inc. has a one year low of $13.84 and a one year high of $18.85.

Veris Residential (NYSE:VRE - Get Free Report) last released its earnings results on Monday, February 24th. The company reported $0.11 earnings per share 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 company had revenue of $68.08 million during the quarter, compared to analysts' expectations of $66.98 million. Equities research analysts predict that Veris Residential, Inc. will post 0.61 EPS for the current year.

Veris Residential Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Monday, March 31st. Veris Residential's dividend payout ratio (DPR) is -133.33%.

About Veris Residential

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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