Veris Residential, Inc. (NYSE:VRE) Shares Bought by Graham Capital Management L.P.

Graham Capital Management L.P. increased its stake in shares of Veris Residential, Inc. (NYSE:VRE - Free Report) by 78.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 59,986 shares of the company's stock after purchasing an additional 26,287 shares during the quarter. Graham Capital Management L.P. owned 0.06% of Veris Residential worth $998,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of VRE. Argosy Lionbridge Management LLC bought a new position in Veris Residential in the 4th quarter valued at $19,028,000. Northern Trust Corp lifted its holdings in shares of Veris Residential by 49.1% in the 4th quarter. Northern Trust Corp now owns 1,524,968 shares of the company's stock worth $25,360,000 after buying an additional 501,867 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of 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 buying an additional 332,381 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Veris Residential by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 12,697,341 shares of the company's stock worth $211,157,000 after buying an additional 331,354 shares during the period. Finally, Norges Bank purchased a new stake in shares of Veris Residential in the 4th quarter worth $4,828,000. Institutional investors own 93.04% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VRE. Truist Financial lowered their target price on Veris Residential from $17.00 to $16.00 and set a "hold" rating for the company in a report on Monday, May 5th. Evercore ISI reiterated an "in-line" rating and issued a $18.00 target price (down from $20.00) on shares of Veris Residential in a report on Wednesday, February 26th.

Veris Residential Stock Up 0.3%

Shares of NYSE VRE traded up $0.04 during mid-day trading on Friday, reaching $15.56. 471,987 shares of the company were exchanged, compared to its average volume of 521,788. 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 stock has a market cap of $1.45 billion, a price-to-earnings ratio of -91.54, a P/E/G ratio of 2.50 and a beta of 1.24. Veris Residential, Inc. has a 1 year low of $13.84 and a 1 year high of $18.85. The firm has a 50-day moving average of $15.86 and a 200 day moving average of $16.44.

Veris Residential (NYSE:VRE - Get Free Report) last issued 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 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%. On average, research analysts expect that Veris Residential, Inc. will post 0.61 earnings per share for the current year.

Veris Residential Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Monday, March 31st. Veris Residential's dividend payout ratio (DPR) is currently -100.00%.

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.