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

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

Other large investors have also modified their holdings of the company. GSA Capital Partners LLP raised its stake in Veris Residential by 106.7% during the 1st quarter. GSA Capital Partners LLP now owns 117,676 shares of the company's stock worth $1,991,000 after acquiring an additional 60,755 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Veris Residential during the first quarter worth about $611,000. Y Intercept Hong Kong Ltd increased its position in shares of Veris Residential by 10.2% during the first quarter. Y Intercept Hong Kong Ltd now owns 31,196 shares of the company's stock worth $528,000 after purchasing an additional 2,887 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Veris Residential during the first quarter worth about $916,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of Veris Residential by 13.8% in the 1st quarter. New York State Common Retirement Fund now owns 24,786 shares of the company's stock valued at $419,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 93.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on VRE. Evercore ISI raised their price target on Veris Residential from $17.50 to $18.00 and gave the stock an "in-line" rating in a research note on Friday, July 25th. BTIG Research decreased their price objective on Veris Residential from $26.00 to $22.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Truist Financial cut 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. Finally, Wall Street Zen upgraded shares of Veris Residential from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $19.20.

Veris Residential Stock Performance

Veris Residential stock traded up $0.11 during mid-day trading on Thursday, reaching $14.19. 302,017 shares of the company were exchanged, compared to its average volume of 522,055. The firm's 50-day simple moving average is $14.72 and its two-hundred day simple moving average is $15.47. Veris Residential, Inc. has a twelve month low of $13.69 and a twelve month high of $18.85. The firm has a market cap of $1.33 billion, a PE ratio of -61.67, a price-to-earnings-growth ratio of 2.41 and a beta of 1.24. 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 quarterly earnings results on Wednesday, July 23rd. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. Veris Residential had a negative return on equity of 1.89% and a negative net margin of 7.84%. The business had revenue of $75.93 million during the quarter, compared to analysts' expectations of $69.06 million. Equities analysts predict that Veris Residential, Inc. will post 0.61 earnings per share for the current fiscal year.

Veris Residential Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders 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 annualized dividend and a yield of 2.3%. Veris Residential's payout ratio is presently -139.13%.

About Veris Residential

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.