Centiva Capital LP Purchases Shares of 35,447 Veris Residential, Inc. (NYSE:VRE)

Centiva Capital LP purchased a new stake in Veris Residential, Inc. (NYSE:VRE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 35,447 shares of the company's stock, valued at approximately $589,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Covestor Ltd raised its position in shares of Veris Residential by 11,246.7% in the fourth quarter. Covestor Ltd now owns 1,702 shares of the company's stock valued at $28,000 after purchasing an additional 1,687 shares during the period. Sterling Capital Management LLC increased its holdings in Veris Residential by 824.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,515 shares of the company's stock worth $42,000 after acquiring an additional 2,243 shares during the period. Cornerstone Investment Partners LLC bought a new stake in Veris Residential during the 4th quarter worth approximately $184,000. Jump Financial LLC bought a new stake in Veris Residential during the 4th quarter worth approximately $205,000. Finally, Van ECK Associates Corp increased its holdings in Veris Residential by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 14,870 shares of the company's stock worth $247,000 after acquiring an additional 1,378 shares during the period. Institutional investors own 93.04% of the company's stock.

Analyst Upgrades and Downgrades

VRE has been the topic of a number of analyst reports. Evercore ISI reaffirmed an "in-line" rating and set a $18.00 target price (down previously from $20.00) on shares of Veris Residential in a report on Wednesday, February 26th. Truist Financial decreased their target price on shares of Veris Residential from $17.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, May 5th.

Veris Residential Trading Down 2.0%

Shares of Veris Residential stock traded down $0.31 during trading on Tuesday, reaching $15.29. The company's stock had a trading volume of 482,380 shares, compared to its average volume of 521,516. Veris Residential, Inc. has a 52-week low of $13.84 and a 52-week high of $18.85. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -89.94, a PEG ratio of 2.50 and a beta of 1.24. The firm's 50-day moving average is $15.95 and its two-hundred day moving average is $16.47. 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 announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. Veris Residential had a negative net margin of 5.70% and a negative return on equity of 4.97%. The company had revenue of $67.76 million during the quarter, compared to analysts' expectations of $69.24 million. On average, sell-side analysts anticipate that Veris Residential, Inc. will post 0.61 earnings per share for the current year.

Veris Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were paid a $0.08 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.09%. Veris Residential's dividend payout ratio (DPR) is -100.00%.

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.