Barclays PLC Has $4.11 Million Holdings in Veris Residential, Inc. (NYSE:VRE)

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

Other hedge funds and other institutional investors have also modified their holdings of the company. Covestor Ltd increased its stake in shares of Veris Residential by 11,246.7% during the 4th quarter. Covestor Ltd now owns 1,702 shares of the company's stock worth $28,000 after purchasing an additional 1,687 shares during the last quarter. Sterling Capital Management LLC increased its position in Veris Residential by 824.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,515 shares of the company's stock worth $42,000 after buying an additional 2,243 shares during the period. Cornerstone Investment Partners LLC bought a new stake in shares of Veris Residential in the fourth quarter valued at approximately $184,000. Van ECK Associates Corp grew its position in Veris Residential by 10.2% in the 4th quarter. Van ECK Associates Corp now owns 14,870 shares of the company's stock worth $247,000 after purchasing an additional 1,378 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in Veris Residential during the fourth quarter valued at about $274,000. 93.04% of the stock is currently owned by hedge funds and other institutional investors.

Veris Residential Trading Up 1.3 %

NYSE:VRE traded up $0.22 during trading hours on Friday, hitting $16.19. 41,432 shares of the stock were exchanged, compared to its average volume of 518,566. The company's 50 day moving average is $16.07 and its two-hundred day moving average is $16.56. The company has a market capitalization of $1.51 billion, a P/E ratio of -95.21, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. Veris Residential, Inc. has a twelve month low of $13.84 and a twelve month 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.

Veris Residential (NYSE:VRE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The company had revenue of $67.76 million during the quarter, compared to analysts' expectations of $69.24 million. Veris Residential had a negative net margin of 5.70% and a negative return on equity of 4.97%. On average, sell-side analysts anticipate that Veris Residential, Inc. will post 0.61 earnings per share for the current fiscal year.

Veris Residential Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were issued a $0.08 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.32 annualized dividend and a yield of 1.98%. Veris Residential's dividend payout ratio (DPR) is presently -100.00%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Truist Financial lifted their price target 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 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.

Veris Residential Company 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.