Representative Lisa C. McClain (R-Michigan) recently sold shares of Veris Residential, Inc. NYSE: VRE. In a filing disclosed on August 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Veris Residential stock on June 17th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.
Representative Lisa C. McClain also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
- Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
- Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
- Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
- Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
- Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
- Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
- Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
- Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.
Veris Residential Price Performance
VRE stock opened at $14.4180 on Thursday. Veris Residential, Inc. has a 52-week low of $13.69 and a 52-week high of $18.85. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.47. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -62.69, a price-to-earnings-growth ratio of 2.46 and a beta of 1.24. The business has a fifty day moving average of $14.54 and a two-hundred day moving average of $15.36.
Veris Residential (NYSE:VRE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $75.93 million for the quarter, compared to analyst estimates of $69.06 million. Veris Residential had a negative return on equity of 1.89% and a negative net margin of 7.84%. Veris Residential has set its FY 2025 guidance at 0.630-0.640 EPS. As a group, research analysts anticipate that Veris Residential, Inc. will post 0.61 earnings per share for the current year.
Veris Residential Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Monday, June 30th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.32 annualized dividend and a yield of 2.2%. Veris Residential's dividend payout ratio (DPR) is -139.13%.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. Truist Financial decreased their target price on shares of Veris Residential from $17.00 to $16.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Evercore ISI boosted their price target on shares of Veris Residential from $17.50 to $18.00 and gave the company an "in-line" rating in a research note on Friday, July 25th. Wall Street Zen raised shares of Veris Residential from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, BTIG Research dropped their target price on shares of Veris Residential from $26.00 to $22.00 and set a "buy" rating for the company in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $19.20.
Check Out Our Latest Research Report on Veris Residential
Hedge Funds Weigh In On Veris Residential
Several institutional investors have recently modified their holdings of the business. GF Fund Management CO. LTD. acquired a new position in Veris Residential during the 4th quarter worth $25,000. Covestor Ltd increased its stake in shares of Veris Residential by 11,246.7% during the fourth 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 period. Sterling Capital Management LLC raised its holdings 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 acquiring an additional 2,243 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Veris Residential in the fourth quarter worth approximately $45,000. Finally, State of Wyoming acquired a new position in Veris Residential during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 93.04% of the company's stock.
About Representative McClain
Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.
McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election.
Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.
Veris Residential Company Profile
(
Get Free Report)
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.
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