Veris Residential (NYSE:VRE – Free Report) had its price objective trimmed by Truist Financial from $15.00 to $14.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a hold rating on the stock.
Veris Residential Stock Performance
Shares of Veris Residential stock opened at $15.18 on Tuesday. Veris Residential has a 52 week low of $13.06 and a 52 week high of $18.98. The business’s fifty day simple moving average is $14.96 and its 200-day simple moving average is $15.06. The firm has a market cap of $1.40 billion, a PE ratio of -12.34, a price-to-earnings-growth ratio of 2.84 and a beta of 1.23. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.45.
Veris Residential Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 16th. Investors of record on Wednesday, April 3rd will be issued a $0.052 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $0.21 annualized dividend and a dividend yield of 1.37%. Veris Residential’s dividend payout ratio is presently -17.07%.
Institutional Investors Weigh In On Veris Residential
Several large investors have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY increased its holdings in Veris Residential by 9.2% during 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 during the period. Daiwa Securities Group Inc. increased its holdings in shares of Veris Residential by 3.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 25,481 shares of the company’s stock valued at $420,000 after acquiring an additional 852 shares during the last quarter. Ranger Global Real Estate Advisors LLC boosted its position in shares of Veris Residential by 0.3% in the 3rd quarter. Ranger Global Real Estate Advisors LLC now owns 303,382 shares of the company’s stock valued at $5,006,000 after purchasing an additional 915 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Veris Residential by 53.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock valued at $45,000 after purchasing an additional 981 shares during the period. Finally, UniSuper Management Pty Ltd boosted its position in shares of Veris Residential by 5.1% in the 3rd quarter. UniSuper Management Pty Ltd now owns 22,800 shares of the company’s stock valued at $376,000 after purchasing an additional 1,100 shares during the period. Hedge funds and other institutional investors own 93.04% of the company’s stock.
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.
Further Reading
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Source: defenseworld.net
Veris Residential (NYSE:VRE – Free Report) had its price objective trimmed by Truist Financial from $15.00 to $14.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a hold rating on the stock.
Veris Residential Stock Performance
Shares of Veris Residential stock opened at $15.18 on Tuesday. Veris Residential has a 52 week low of $13.06 and a 52 week high of $18.98. The business’s fifty day simple moving average is $14.96 and its 200-day simple moving average is $15.06. The firm has a market cap of $1.40 billion, a PE ratio of -12.34, a price-to-earnings-growth ratio of 2.84 and a beta of 1.23. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.45.
Veris Residential Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 16th. Investors of record on Wednesday, April 3rd will be issued a $0.052 dividend. The ex-dividend date of this dividend is Tuesday, April 2nd. This represents a $0.21 annualized dividend and a dividend yield of 1.37%. Veris Residential’s dividend payout ratio is presently -17.07%.
Institutional Investors Weigh In On Veris Residential
Several large investors have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY increased its holdings in Veris Residential by 9.2% during 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 during the period. Daiwa Securities Group Inc. increased its holdings in shares of Veris Residential by 3.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 25,481 shares of the company’s stock valued at $420,000 after acquiring an additional 852 shares during the last quarter. Ranger Global Real Estate Advisors LLC boosted its position in shares of Veris Residential by 0.3% in the 3rd quarter. Ranger Global Real Estate Advisors LLC now owns 303,382 shares of the company’s stock valued at $5,006,000 after purchasing an additional 915 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Veris Residential by 53.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock valued at $45,000 after purchasing an additional 981 shares during the period. Finally, UniSuper Management Pty Ltd boosted its position in shares of Veris Residential by 5.1% in the 3rd quarter. UniSuper Management Pty Ltd now owns 22,800 shares of the company’s stock valued at $376,000 after purchasing an additional 1,100 shares during the period. Hedge funds and other institutional investors own 93.04% of the company’s stock.
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.
Further Reading
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.
Source: defenseworld.net
