Graham Capital Management L.P. Has $998,000 Position in Veris Residential, Inc. (NYSE:VRE)

Graham Capital Management L.P. boosted its stake in Veris Residential, Inc. (NYSE:VRE - Free Report) by 78.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,986 shares of the company's stock after buying an additional 26,287 shares during the quarter. Graham Capital Management L.P. owned approximately 0.06% of Veris Residential worth $998,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of VRE. Covestor Ltd increased its stake in shares of Veris Residential by 11,246.7% in the fourth quarter. Covestor Ltd now owns 1,702 shares of the company's stock worth $28,000 after acquiring an additional 1,687 shares during the last quarter. Sterling Capital Management LLC increased its holdings in Veris Residential by 824.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,515 shares of the company's stock worth $42,000 after buying an additional 2,243 shares during the last quarter. Cornerstone Investment Partners LLC acquired a new position in Veris Residential in the fourth quarter worth approximately $184,000. Jump Financial LLC bought a new position in Veris Residential during the fourth quarter valued at approximately $205,000. Finally, Van ECK Associates Corp lifted its stake in Veris Residential by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 14,870 shares of the company's stock valued at $247,000 after acquiring an additional 1,378 shares during the last quarter. Institutional investors and hedge funds own 93.04% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on VRE. Truist Financial reduced their price objective on shares of 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 reissued an "in-line" rating and issued a $18.00 price objective (down from $20.00) on shares of Veris Residential in a research note on Wednesday, February 26th.

Veris Residential Stock Performance

VRE stock traded down $0.05 during trading hours on Monday, reaching $15.52. The stock had a trading volume of 50,402 shares, compared to its average volume of 519,370. Veris Residential, Inc. has a fifty-two week low of $13.84 and a fifty-two week high of $18.85. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $1.45 billion, a PE ratio of -91.29, a price-to-earnings-growth ratio of 2.50 and a beta of 1.24. The stock has a 50-day simple moving average of $15.86 and a 200 day simple moving average of $16.43.

Veris Residential (NYSE:VRE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. Veris Residential had a negative return on equity of 4.97% and a negative net margin of 5.70%. The company had revenue of $67.76 million during the quarter, compared to the consensus estimate of $69.24 million. Analysts predict that Veris Residential, Inc. will post 0.61 EPS for the current fiscal year.

Veris Residential Dividend Announcement

The business 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 2.06%. The ex-dividend date of this dividend was Monday, March 31st. Veris Residential's payout ratio is -100.00%.

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.