Deutsche Bank AG Increases Stock Position in Veris Residential, Inc. (NYSE:VRE)

Deutsche Bank AG boosted its position in Veris Residential, Inc. (NYSE:VRE - Free Report) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 449,712 shares of the company's stock after purchasing an additional 22,937 shares during the quarter. Deutsche Bank AG owned about 0.48% of Veris Residential worth $7,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Cbre Investment Management Listed Real Assets LLC lifted its stake in Veris Residential by 51.7% in the 4th 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. Raymond James Financial Inc. bought a new position in shares of Veris Residential in the 4th quarter worth $1,737,000. Asset Management One Co. Ltd. increased its holdings in shares of Veris Residential by 5.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 122,034 shares of the company's stock worth $2,009,000 after buying an additional 6,287 shares during the last quarter. abrdn plc increased its holdings in shares of Veris Residential by 90.3% in the 4th quarter. abrdn plc now owns 29,821 shares of the company's stock worth $490,000 after buying an additional 14,150 shares during the last quarter. Finally, Amundi increased its holdings in shares of Veris Residential by 43.3% in the 4th quarter. Amundi now owns 81,250 shares of the company's stock worth $1,272,000 after buying an additional 24,570 shares during the last quarter. 93.04% of the stock is currently owned by hedge funds and other institutional investors.

Veris Residential Trading Down 1.3%

Shares of VRE stock traded down $0.19 on Friday, hitting $14.59. 395,008 shares of the company's stock traded hands, compared to its average volume of 520,125. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.73 and a current ratio of 0.73. Veris Residential, Inc. has a one year low of $13.84 and a one year high of $18.85. The company's fifty day simple moving average is $15.75 and its 200 day simple moving average is $16.39. 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 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. 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 for the quarter, compared to analyst estimates of $69.24 million. Equities analysts forecast that Veris Residential, Inc. will post 0.61 EPS for the current year.

Veris Residential Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Monday, March 31st. Veris Residential's dividend payout ratio is currently -100.00%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VRE shares. Evercore ISI reissued an "in-line" rating and issued a $18.00 price target (down previously from $20.00) on shares of Veris Residential in a report on Wednesday, February 26th. Truist Financial decreased their price target 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 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.