Rep. Lisa C. McClain Sells Veris Residential, Inc. (NYSE:VRE) Stock

Key Points

• Representative Lisa C. McClain sold between $1,001 and $15,000 in shares of Veris Residential (NYSE:VRE) on June 17th, as disclosed in a filing made on August 13th.
• Veris Residential recently reported a quarterly earnings EPS of $0.17, exceeding analyst expectations, with revenue of $75.93 million for the quarter.
• The company declared a quarterly dividend of $0.08 per share, with an annualized yield of 2.2% and a negative dividend payout ratio of -139.13%.

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 Trading Down 0.2%

Veris Residential stock traded down $0.03 during trading hours on Tuesday, hitting $15.11. The stock had a trading volume of 644,583 shares, compared to its average volume of 510,858. 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 $1.41 billion, a price-to-earnings ratio of -65.67, a P/E/G ratio of 2.59 and a beta of 1.24. Veris Residential, Inc. has a one year low of $13.69 and a one year high of $18.85. The business's 50 day simple moving average is $14.53 and its 200-day simple moving average is $15.33.

Veris Residential (NYSE:VRE - Get Free Report) last posted its 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 firm had revenue of $75.93 million during the quarter, compared to the consensus estimate 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. On average, equities analysts predict that Veris Residential, Inc. will post 0.61 EPS for the current fiscal year.

Veris Residential Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Tuesday, September 30th will be given a $0.08 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.32 annualized dividend and a yield of 2.1%. Veris Residential's dividend payout ratio (DPR) is currently -139.13%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Truist Financial dropped their target price on Veris Residential from $17.00 to $16.00 and set a "hold" rating for the company in a research report on Monday, May 5th. BTIG Research dropped their target price on Veris Residential from $26.00 to $22.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen raised Veris Residential from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Evercore ISI increased their price target on Veris Residential from $17.50 to $18.00 and gave the company an "in-line" rating in a research note on Friday, July 25th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $19.20.

Institutional Investors Weigh In On Veris Residential

Hedge funds have recently added to or reduced their stakes in the business. GF Fund Management CO. LTD. bought a new stake in Veris Residential in the fourth quarter worth approximately $25,000. Covestor Ltd increased its holdings in Veris Residential by 11,246.7% in the fourth quarter. Covestor Ltd now owns 1,702 shares of the company's stock worth $28,000 after purchasing an additional 1,687 shares in the last quarter. Sterling Capital Management LLC increased 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 worth $42,000 after purchasing an additional 2,243 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Veris Residential in the fourth quarter worth approximately $45,000. Finally, State of Wyoming bought a new stake in Veris Residential in the fourth quarter worth approximately $52,000. 93.04% of the stock is currently owned by institutional investors.

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.

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.