Anson Funds Management LP Sells 486,261 Shares of Veris Residential, Inc. (NYSE:VRE)

Anson Funds Management LP lessened its stake in shares of Veris Residential, Inc. (NYSE:VRE - Free Report) by 95.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 22,097 shares of the company's stock after selling 486,261 shares during the period. Anson Funds Management LP's holdings in Veris Residential were worth $367,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRE. Barclays PLC boosted its holdings in Veris Residential by 56.6% in the 3rd quarter. Barclays PLC now owns 320,268 shares of the company's stock worth $5,720,000 after buying an additional 115,713 shares during the period. Tidal Investments LLC purchased a new stake in shares of Veris Residential during the third quarter worth about $397,000. JPMorgan Chase & Co. raised its stake in Veris Residential by 11.7% during the 3rd 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 boosted its stake in Veris Residential by 5.0% in 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 lifted its holdings in shares of Veris Residential by 15.8% in the fourth quarter. Vert Asset Management LLC now owns 36,688 shares of the company's stock worth $610,000 after buying an additional 4,998 shares in the last quarter. Hedge funds and other institutional investors own 93.04% of the company's stock.

Wall Street Analysts Forecast Growth

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

Veris Residential Trading Up 0.2 %

VRE stock traded up $0.03 during midday trading on Thursday, reaching $15.74. 153,728 shares of the company traded hands, compared to its average volume of 517,878. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of -92.58, a P/E/G ratio of 2.50 and a beta of 1.24. Veris Residential, Inc. has a 52-week low of $13.84 and a 52-week high of $18.85. The business has a 50 day moving average of $16.03 and a 200-day moving average of $16.52. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.73 and a current ratio of 0.73.

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 the consensus estimate of $0.13 by $0.03. The company had revenue of $67.76 million for the quarter, compared to analyst estimates of $69.24 million. Veris Residential had a negative return on equity of 4.97% and a negative net margin of 5.70%. As a group, sell-side analysts expect that Veris Residential, Inc. will post 0.61 earnings per share for the current fiscal year.

Veris Residential Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.32 annualized dividend and a dividend yield of 2.03%. Veris Residential's dividend payout ratio (DPR) is presently -100.00%.

Veris Residential 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.