Amundi increased its holdings in Veris Residential, Inc. (NYSE:VRE - Free Report) by 43.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,250 shares of the company's stock after buying an additional 24,570 shares during the period. Amundi owned about 0.09% of Veris Residential worth $1,272,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of VRE. 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 worth $16,219,000 after purchasing an additional 332,381 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Veris Residential by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,000,918 shares of the company's stock worth $35,743,000 after purchasing an additional 21,133 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Veris Residential by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,470,536 shares of the company's stock worth $26,264,000 after purchasing an additional 49,378 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Veris Residential by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 2,102,857 shares of the company's stock worth $37,557,000 after purchasing an additional 219,901 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Veris Residential by 5.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 122,034 shares of the company's stock worth $2,009,000 after purchasing an additional 6,287 shares in the last quarter. Institutional investors own 93.04% of the company's stock.
Veris Residential Stock Performance
Shares of VRE traded down $0.02 during trading hours on Friday, reaching $16.29. 1,047,010 shares of the company traded hands, compared to its average volume of 485,690. The stock has a market capitalization of $1.51 billion, a P/E ratio of -95.80, a P/E/G ratio of 2.50 and a beta of 1.24. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. Veris Residential, Inc. has a 12-month low of $13.84 and a 12-month high of $18.85. The business has a fifty day moving average price of $16.10 and a 200-day moving average price of $16.92.
Veris Residential (NYSE:VRE - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.11 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $66.98 million. Equities analysts anticipate that Veris Residential, Inc. will post 0.61 EPS for the current fiscal year.
Veris Residential Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.96%. The ex-dividend date is Monday, March 31st. Veris Residential's payout ratio is -133.33%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on VRE shares. Truist Financial upped their price target on Veris Residential from $16.00 to $17.00 and gave the stock a "hold" rating in a research report on Monday, March 10th. JPMorgan Chase & Co. raised shares of Veris Residential from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $14.00 to $17.00 in a report on Tuesday, December 17th. Finally, Evercore ISI reissued an "in-line" rating and set a $18.00 price objective (down from $20.00) on shares of Veris Residential in a report on Wednesday, February 26th.
View Our Latest Analysis on VRE
About Veris Residential
(
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.
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