Centiva Capital LP Makes New Investment in Veris Residential, Inc. (NYSE:VRE)

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

Several other institutional investors have also recently modified their holdings of VRE. Argosy Lionbridge Management LLC purchased a new stake in Veris Residential in the 4th quarter valued at about $19,028,000. Northern Trust Corp grew its holdings in Veris Residential by 49.1% in the fourth quarter. Northern Trust Corp now owns 1,524,968 shares of the company's stock valued at $25,360,000 after purchasing an additional 501,867 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its position in 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 during the last quarter. Vanguard Group Inc. raised its stake in Veris Residential by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 12,697,341 shares of the company's stock worth $211,157,000 after purchasing an additional 331,354 shares during the period. Finally, Norges Bank acquired a new position in shares of Veris Residential in the 4th quarter valued at $4,828,000. 93.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Veris Residential Stock Performance

Shares of NYSE:VRE traded up $0.32 on Thursday, reaching $15.47. 98,010 shares of the company's stock were exchanged, compared to its average volume of 519,614. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. The business's 50-day moving average is $15.89 and its two-hundred day moving average is $16.46. 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 market capitalization of $1.44 billion, a price-to-earnings ratio of -91.05, a PEG ratio of 2.50 and a beta of 1.24.

Veris Residential (NYSE:VRE - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $67.76 million for 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%. As a group, equities research analysts forecast that Veris Residential, Inc. will post 0.61 EPS for the current year.

Veris Residential Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.32 dividend on an annualized basis and a yield of 2.07%. Veris Residential's dividend payout ratio (DPR) is -100.00%.

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.