Veris Residential, Inc. (NYSE:VRE) Stock Holdings Increased by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its stake in shares of Veris Residential, Inc. (NYSE:VRE - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,149,233 shares of the company's stock after buying an additional 53,564 shares during the quarter. Nuveen Asset Management LLC owned approximately 2.31% of Veris Residential worth $35,742,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Millennium Management LLC lifted its stake in Veris Residential by 10.5% in the fourth quarter. Millennium Management LLC now owns 2,024,921 shares of the company's stock valued at $33,674,000 after buying an additional 192,116 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Veris Residential by 3.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,631 shares of the company's stock valued at $742,000 after buying an additional 1,465 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Veris Residential in the fourth quarter valued at approximately $117,000. Graham Capital Management L.P. lifted its stake in Veris Residential by 78.0% in the fourth quarter. Graham Capital Management L.P. now owns 59,986 shares of the company's stock valued at $998,000 after buying an additional 26,287 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in Veris Residential by 8.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 435,500 shares of the company's stock valued at $7,242,000 after buying an additional 32,350 shares during the last quarter. 93.04% of the stock is owned by institutional investors and hedge funds.

Veris Residential Stock Performance

Shares of Veris Residential stock traded down $0.19 during trading hours on Friday, hitting $14.59. 395,008 shares of the company were exchanged, compared to its average volume of 520,125. Veris Residential, Inc. has a 1 year low of $13.84 and a 1 year high of $18.85. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.34. The business has a 50-day moving average of $15.78 and a 200-day moving average of $16.40. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -85.79, a P/E/G 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 (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $67.76 million during the quarter, compared to analysts' expectations of $69.24 million. Veris Residential had a negative return on equity of 4.97% and a negative net margin of 5.70%. As a group, analysts expect that Veris Residential, Inc. will post 0.61 EPS 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. This represents a $0.32 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Monday, March 31st. Veris Residential's dividend payout ratio (DPR) is -100.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Truist Financial reduced their price objective on Veris Residential from $17.00 to $16.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Evercore ISI reiterated an "in-line" rating and issued a $18.00 price objective (down previously from $20.00) on shares of Veris Residential in a research note 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.