XTX Topco Ltd Makes New $511,000 Investment in Veris Residential, Inc. (NYSE:VRE)

XTX Topco Ltd bought a new position in shares of Veris Residential, Inc. (NYSE:VRE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 30,178 shares of the company's stock, valued at approximately $511,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new stake in shares of Veris Residential during the first quarter worth $810,000. Raymond James Financial Inc. purchased a new position in Veris Residential in the fourth quarter valued at $1,737,000. New York State Common Retirement Fund increased its holdings in Veris Residential by 13.8% in the first quarter. New York State Common Retirement Fund now owns 24,786 shares of the company's stock valued at $419,000 after buying an additional 3,000 shares during the last quarter. GAMMA Investing LLC boosted its stake in Veris Residential by 1,629.2% in the first quarter. GAMMA Investing LLC now owns 22,808 shares of the company's stock valued at $386,000 after acquiring an additional 21,489 shares in the last quarter. Finally, Man Group plc acquired a new stake in shares of Veris Residential during the fourth quarter worth about $851,000. 93.04% of the stock is currently owned by institutional investors and hedge funds.

Veris Residential Price Performance

Shares of NYSE:VRE traded down $0.30 during trading on Friday, reaching $13.92. The company had a trading volume of 266,688 shares, compared to its average volume of 516,799. The firm's fifty day moving average is $14.70 and its 200 day moving average is $15.46. The firm has a market capitalization of $1.30 billion, a PE ratio of -60.50, a price-to-earnings-growth ratio of 2.37 and a beta of 1.24. Veris Residential, Inc. has a twelve month low of $13.69 and a twelve month high of $18.85. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.61 and a current ratio of 0.61.

Veris Residential (NYSE:VRE - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. Veris Residential had a negative net margin of 7.84% and a negative return on equity of 1.89%. The business had revenue of $75.93 million during the quarter, compared to analyst estimates of $69.06 million. On average, equities 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, July 10th. Investors of record on Monday, June 30th were given a dividend of $0.08 per share. The ex-dividend date was Monday, June 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.3%. Veris Residential's dividend payout ratio (DPR) is -139.13%.

Wall Street Analyst Weigh In

VRE has been the subject of a number of recent analyst reports. BTIG Research reduced their price objective on shares of Veris Residential from $26.00 to $22.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen upgraded shares of Veris Residential from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Evercore ISI raised their target price on shares of Veris Residential from $17.50 to $18.00 and gave the stock an "in-line" rating in a research report on Friday, July 25th. Finally, 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 research report on Monday, May 5th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $19.20.

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.