Healthcare of Ontario Pension Plan Trust Fund Has $918,000 Holdings in Veris Residential, Inc. (NYSE:VRE)

Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in shares of Veris Residential, Inc. (NYSE:VRE - Free Report) by 35.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,400 shares of the company's stock after selling 28,700 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.06% of Veris Residential worth $918,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VRE. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Veris Residential in the 2nd quarter valued at $48,000. Quarry LP bought a new stake in shares of Veris Residential in the 2nd quarter valued at approximately $48,000. Mirae Asset Global Investments Co. Ltd. raised 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 buying an additional 755 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Veris Residential by 5.8% during the 2nd quarter. Van ECK Associates Corp now owns 12,011 shares of the company's stock worth $180,000 after buying an additional 663 shares during the period. Finally, Natixis Advisors LLC acquired a new stake in Veris Residential in the 3rd quarter valued at $203,000. Institutional investors and hedge funds own 93.04% of the company's stock.

Veris Residential Trading Down 1.3 %

Veris Residential stock traded down $0.24 during mid-day trading on Tuesday, hitting $17.80. 420,656 shares of the company's stock traded hands, compared to its average volume of 590,695. Veris Residential, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $18.85. The firm has a 50 day simple moving average of $17.62 and a two-hundred day simple moving average of $16.50. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.34.

Veris Residential Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 10th. Stockholders of record on Tuesday, December 31st will be given a $0.08 dividend. This is an increase from Veris Residential's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.32 annualized dividend and a dividend yield of 1.80%. Veris Residential's dividend payout ratio is presently -164.70%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on VRE. Evercore ISI upped their target price on shares of Veris Residential from $17.00 to $19.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Bank of America upgraded Veris Residential from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $20.00 to $23.00 in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their price objective on Veris Residential from $13.00 to $14.00 and gave the stock an "underweight" rating in a report on Monday, September 16th.

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.