Victory Capital Management Inc. lessened its holdings in Veris Residential, Inc. (NYSE:VRE – Free Report) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,347,063 shares of the company’s stock after selling 40,082 shares during the quarter. Victory Capital Management Inc. owned 1.47% of Veris Residential worth $19,721,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its position in Veris Residential by 47.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 173,938 shares of the company’s stock worth $2,774,000 after acquiring an additional 55,733 shares in the last quarter. Group One Trading L.P. bought a new position in shares of Veris Residential in the fourth quarter valued at about $185,000. Aew Capital Management L P bought a new position in shares of Veris Residential in the fourth quarter valued at about $8,800,000. B&I Capital AG raised its position in shares of Veris Residential by 21.4% in the first quarter. B&I Capital AG now owns 506,740 shares of the company’s stock valued at $7,419,000 after purchasing an additional 89,200 shares during the period. Finally, Towerview LLC bought a new position in shares of Veris Residential in the fourth quarter valued at about $1,752,000. 87.71% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Veris Residential from a “hold” rating to a “buy” rating and increased their price objective for the company from $15.00 to $19.00 in a research report on Tuesday, May 16th. Evercore ISI raised shares of Veris Residential from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $18.00 to $19.00 in a research report on Thursday. Truist Financial increased their price objective on shares of Veris Residential from $13.00 to $15.00 in a research report on Friday, June 9th. Finally, TheStreet downgraded shares of Veris Residential from a “c” rating to a “d+” rating in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Veris Residential currently has an average rating of “Moderate Buy” and a consensus target price of $18.60.
Veris Residential Trading Up 2.6 %
Veris Residential Dividend Announcement
The firm also recently declared a Variable dividend, which will be paid on Tuesday, October 10th. Investors of record on Saturday, September 30th will be paid a $0.05 dividend. The ex-dividend date is Thursday, September 28th. This represents a dividend yield of 1.1%.
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.
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