Natixis Advisors L.P. Invests $872,000 in Veris Residential, Inc. (NYSE:VRE)

Natixis Advisors L.P. bought a new stake in Veris Residential, Inc. (NYSE:VRE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 55,495 shares of the company's stock, valued at approximately $872,000. Natixis Advisors L.P. owned about 0.06% of Veris Residential at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of VRE. Van ECK Associates Corp raised its stake in Veris Residential by 19.7% during the 4th quarter. Van ECK Associates Corp now owns 11,088 shares of the company's stock valued at $174,000 after purchasing an additional 1,823 shares during the last quarter. New York Life Investment Management LLC bought a new stake in shares of Veris Residential in the fourth quarter valued at about $219,000. SG Americas Securities LLC lifted its stake in shares of Veris Residential by 60.7% in the fourth quarter. SG Americas Securities LLC now owns 14,051 shares of the company's stock valued at $221,000 after buying an additional 5,309 shares during the period. abrdn plc grew its position in Veris Residential by 11.4% during the third quarter. abrdn plc now owns 17,377 shares of the company's stock worth $287,000 after buying an additional 1,774 shares in the last quarter. Finally, Duality Advisers LP bought a new position in Veris Residential during the fourth quarter valued at about $300,000. Institutional investors own 93.04% of the company's stock.

Wall Street Analyst Weigh In

Separately, Truist Financial lowered their price objective on Veris Residential from $15.00 to $14.00 and set a "hold" rating on the stock in a research report on Tuesday, April 9th.

Veris Residential Price Performance

Shares of NYSE:VRE traded up $0.02 during midday trading on Friday, reaching $15.72. 657,964 shares of the company's stock were exchanged, compared to its average volume of 644,350. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.35 and a current ratio of 2.35. The company's 50 day simple moving average is $14.86 and its two-hundred day simple moving average is $14.89. Veris Residential, Inc. has a 12 month low of $13.06 and a 12 month high of $18.98. The firm has a market capitalization of $1.46 billion, a PE ratio of -15.72, a price-to-earnings-growth ratio of 3.22 and a beta of 1.22.

Veris Residential Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Wednesday, July 3rd will be paid a dividend of $0.06 per share. This is a boost from Veris Residential's previous quarterly dividend of $0.05. The ex-dividend date is Wednesday, July 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.53%. Veris Residential's dividend payout ratio (DPR) is currently -21.00%.

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.