Tudor Investment Corp ET AL Buys 184,787 Shares of Veris Residential, Inc. (NYSE:VRE)

Tudor Investment Corp ET AL lifted its stake in shares of Veris Residential, Inc. (NYSE:VRE - Free Report) by 295.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 247,252 shares of the company's stock after purchasing an additional 184,787 shares during the quarter. Tudor Investment Corp ET AL owned 0.27% of Veris Residential worth $4,112,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Inspire Investing LLC lifted its stake in Veris Residential by 5.0% during the fourth quarter. Inspire Investing LLC now owns 24,297 shares of the company's stock worth $404,000 after purchasing an additional 1,149 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Veris Residential by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 14,870 shares of the company's stock worth $247,000 after buying an additional 1,378 shares in the last quarter. Covestor Ltd lifted its position in shares of Veris Residential by 11,246.7% during the 4th quarter. Covestor Ltd now owns 1,702 shares of the company's stock worth $28,000 after buying an additional 1,687 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Veris Residential by 824.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,515 shares of the company's stock valued at $42,000 after buying an additional 2,243 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in Veris Residential by 5.4% in the fourth quarter. MetLife Investment Management LLC now owns 49,810 shares of the company's stock valued at $828,000 after acquiring an additional 2,537 shares during the last quarter. Institutional investors own 93.04% of the company's stock.

Veris Residential Stock Down 2.3 %

NYSE VRE traded down $0.38 during trading hours on Monday, hitting $15.89. The company's stock had a trading volume of 328,380 shares, compared to its average volume of 517,815. The company has a market capitalization of $1.48 billion, a PE ratio of -93.47, a price-to-earnings-growth ratio of 2.50 and a beta of 1.24. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.34. Veris Residential, Inc. has a 52 week low of $13.84 and a 52 week high of $18.85. The company's 50-day simple moving average is $16.07 and its two-hundred day simple moving average is $16.54.

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

Veris Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Monday, March 31st. Veris Residential's dividend payout ratio (DPR) is presently -100.00%.

Analysts Set New Price Targets

VRE has been the subject of several research analyst reports. Truist Financial lowered their price target on shares of Veris Residential from $17.00 to $16.00 and set a "hold" rating for the company in a report on Monday. Evercore ISI restated an "in-line" rating and set a $18.00 price target (down from $20.00) on shares of Veris Residential in a report on Wednesday, February 26th.

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.