Macquarie Group Ltd. trimmed its holdings in Veris Residential, Inc. (NYSE:VRE – Free Report) by 6.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,841 shares of the company’s stock after selling 1,140 shares during the period. Macquarie Group Ltd.’s holdings in Veris Residential were worth $265,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the business. Metropolitan Life Insurance Co NY lifted its holdings in Veris Residential by 9.2% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 7,763 shares of the company’s stock worth $124,000 after purchasing an additional 651 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Veris Residential by 2.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,676 shares of the company’s stock valued at $595,000 after acquiring an additional 813 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Veris Residential by 3.7% in the 1st quarter. Russell Investments Group Ltd. now owns 27,999 shares of the company’s stock worth $410,000 after purchasing an additional 1,012 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Veris Residential by 97.4% during the 4th quarter. Quadrant Capital Group LLC now owns 2,256 shares of the company’s stock valued at $36,000 after purchasing an additional 1,113 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Veris Residential by 3.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 50,691 shares of the company’s stock valued at $743,000 after purchasing an additional 1,532 shares in the last quarter. Institutional investors own 86.94% of the company’s stock.
Veris Residential Price Performance
Shares of Veris Residential stock opened at $17.13 on Friday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -12.98, a price-to-earnings-growth ratio of 1.36 and a beta of 1.16. The company has a debt-to-equity ratio of 1.35, a quick ratio of 7.26 and a current ratio of 7.26. The stock has a 50 day moving average price of $17.91 and a 200-day moving average price of $16.60. Veris Residential, Inc. has a one year low of $10.22 and a one year high of $18.98.
Veris Residential Announces Dividend
Insiders Place Their Bets
In other news, Director A. Akiva Katz sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $18.83, for a total value of $1,883,000.00. Following the completion of the sale, the director now owns 5,206,537 shares in the company, valued at approximately $98,039,091.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 15.00% of the stock is owned by insiders.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. Evercore ISI upgraded Veris Residential from an “in-line” rating to an “outperform” rating and raised their price target for the company from $18.00 to $19.00 in a report on Thursday, July 27th. Truist Financial raised their target price on shares of Veris Residential from $15.00 to $16.00 and gave the company a “hold” rating in a report on Tuesday, August 15th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.80.
Check Out Our Latest Report on VRE
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.
Read More
- Five stocks we like better than Veris Residential
- There Are Different Types of Stock To Invest In
- 3 Compelling Reasons to Start Buying Undervalued Amazon
- What Makes a Stock a Good Dividend Stock?
- Analysts Recommend These Mining Stocks Before Metal Prices Rally
- Want to Profit on the Downtrend? Downtrends, Explained.
- An Improved FedEx Can Deliver A New High: This Is Why
Want to see what other hedge funds are holding VRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veris Residential, Inc. (NYSE:VRE – Free Report).
Receive News & Ratings for Veris Residential Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Veris Residential and related companies with MarketBeat.com's FREE daily email newsletter.
