Veris Residential, Inc. (NYSE:VRE) Shares Bought by Marshall Wace LLP

Marshall Wace LLP raised its holdings in shares of Veris Residential, Inc. (NYSE:VRE - Free Report) by 49.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 764,879 shares of the company's stock after purchasing an additional 253,736 shares during the quarter. Marshall Wace LLP owned 0.82% of Veris Residential worth $12,720,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Veris Residential by 51.7% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 975,262 shares of the company's stock worth $16,219,000 after acquiring an additional 332,381 shares during the period. Geode Capital Management LLC increased its stake in shares of Veris Residential by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,000,918 shares of the company's stock valued at $35,743,000 after buying an additional 21,133 shares during the period. JPMorgan Chase & Co. grew its holdings in Veris Residential by 11.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,102,857 shares of the company's stock worth $37,557,000 after acquiring an additional 219,901 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Veris Residential in the 4th quarter valued at about $1,737,000. Finally, Asset Management One Co. Ltd. lifted its position 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 purchasing an additional 6,287 shares during the period. 93.04% of the stock is currently owned by institutional investors.

Veris Residential Stock Down 1.9 %

Shares of VRE traded down $0.30 during mid-day trading on Friday, hitting $15.50. 605,018 shares of the company traded hands, compared to its average volume of 515,561. The business has a 50 day moving average of $16.08 and a 200 day moving average of $16.60. The company has a market capitalization of $1.44 billion, a PE ratio of -91.17, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. Veris Residential, Inc. has a 1-year low of $13.84 and a 1-year high of $18.85.

Veris Residential (NYSE:VRE - Get Free Report) last posted its quarterly earnings data 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 net margin of 5.70% and a negative return on equity of 4.97%. The business had revenue of $67.76 million during the quarter, compared to the consensus estimate of $69.24 million. Equities research analysts anticipate 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, April 10th. Investors of record on Monday, March 31st were issued 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 of this dividend was Monday, March 31st. Veris Residential's dividend payout ratio (DPR) is -100.00%.

Analyst Upgrades and Downgrades

VRE has been the topic of several recent research reports. Evercore ISI reaffirmed an "in-line" rating and set a $18.00 target price (down previously from $20.00) on shares of Veris Residential in a research report on Wednesday, February 26th. Truist Financial increased their price target on shares of Veris Residential from $16.00 to $17.00 and gave the company a "hold" rating in a research report on Monday, March 10th.

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.