Strs Ohio decreased its holdings in shares of Veris Residential, Inc. (NYSE:VRE – Free Report) by 73.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,600 shares of the company’s stock after selling 45,957 shares during the quarter. Strs Ohio’s holdings in Veris Residential were worth $266,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in Veris Residential by 371.5% during the first quarter. Tower Research Capital LLC TRC now owns 2,263 shares of the company’s stock valued at $33,000 after purchasing an additional 1,783 shares in the last quarter. Captrust Financial Advisors purchased a new stake in Veris Residential during the second quarter valued at $61,000. Allspring Global Investments Holdings LLC raised its stake in Veris Residential by 144.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 6,382 shares of the company’s stock valued at $102,000 after purchasing an additional 3,768 shares in the last quarter. Metropolitan Life Insurance Co NY raised its stake in Veris Residential by 9.2% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 7,763 shares of the company’s stock valued at $124,000 after purchasing an additional 651 shares in the last quarter. Finally, UBS Group AG purchased a new stake in Veris Residential during the second quarter valued at $132,000. Hedge funds and other institutional investors own 86.94% of the company’s stock.
Insider Transactions at Veris Residential
In other news, Director A. Akiva Katz sold 100,000 shares of the company’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 transaction, the director now directly owns 5,206,537 shares in the company, valued at $98,039,091.71. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 15.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on VRE
Veris Residential Trading Down 1.3 %
NYSE VRE opened at $13.22 on Thursday. The company’s 50-day moving average price is $16.73 and its 200-day moving average price is $16.77. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.48. The stock has a market cap of $1.22 billion, a PE ratio of -15.95, a PEG ratio of 1.30 and a beta of 1.17. Veris Residential, Inc. has a 12 month low of $13.06 and a 12 month high of $18.98.
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.
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