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

Tudor Investment Corp ET AL boosted its holdings in shares of Veris Residential, Inc. (NYSE:VRE - Free Report) by 295.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 approximately 0.27% of Veris Residential worth $4,112,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of VRE. Barclays PLC lifted its stake in Veris Residential by 56.6% during the 3rd quarter. Barclays PLC now owns 320,268 shares of the company's stock worth $5,720,000 after acquiring an additional 115,713 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Veris Residential in the third quarter valued at $397,000. JPMorgan Chase & Co. boosted its holdings in Veris Residential by 11.7% in the third quarter. JPMorgan Chase & Co. now owns 2,102,857 shares of the company's stock valued at $37,557,000 after purchasing an additional 219,901 shares during the period. Inspire Investing LLC increased its holdings in Veris Residential by 5.0% during the 4th 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 period. Finally, Vert Asset Management LLC raised its position in Veris Residential by 15.8% in the 4th quarter. Vert Asset Management LLC now owns 36,688 shares of the company's stock valued at $610,000 after purchasing an additional 4,998 shares in the last quarter. Institutional investors and hedge funds own 93.04% of the company's stock.

Veris Residential Price Performance

NYSE:VRE traded up $0.05 during midday trading on Wednesday, hitting $15.88. 73,302 shares of the stock were exchanged, compared to its average volume of 516,637. Veris Residential, Inc. has a one year low of $13.84 and a one year high of $18.85. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.34. The business has a 50-day moving average price of $16.05 and a two-hundred day moving average price of $16.52. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -93.44, a P/E/G ratio of 2.50 and a beta of 1.24.

Veris Residential (NYSE:VRE - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $67.76 million during the quarter, compared to analyst estimates of $69.24 million. Sell-side analysts predict that Veris Residential, Inc. will post 0.61 EPS for the current year.

Veris Residential Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.02%. Veris Residential's payout ratio is -100.00%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Truist Financial cut their price target on Veris Residential from $17.00 to $16.00 and set a "hold" rating on the stock in a research note on Monday. Evercore ISI reaffirmed an "in-line" rating and issued a $18.00 target price (down previously from $20.00) on shares of Veris Residential in a research note on Wednesday, February 26th.

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.