Duality Advisers LP Takes Position in Veris Residential, Inc. (NYSE:VRE)

Duality Advisers LP bought a new position in Veris Residential, Inc. (NYSE:VRE) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 19,070 shares of the company’s stock, valued at approximately $300,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC raised its holdings in shares of Veris Residential by 60.7% in the 4th quarter. SG Americas Securities LLC now owns 14,051 shares of the company’s stock worth $221,000 after acquiring an additional 5,309 shares during the last quarter. abrdn plc raised its holdings in shares of Veris Residential by 11.4% in the 3rd quarter. abrdn plc now owns 17,377 shares of the company’s stock worth $287,000 after acquiring an additional 1,774 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Veris Residential in the 3rd quarter worth about $308,000. Los Angeles Capital Management LLC acquired a new stake in shares of Veris Residential in the 3rd quarter worth about $363,000. Finally, UniSuper Management Pty Ltd raised its holdings 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 worth $376,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 93.04% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial reduced their price objective on shares of Veris Residential from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Tuesday, April 9th.

Veris Residential Trading Down 0.8 %

Shares of VRE stock opened at $14.54 on Friday. Veris Residential, Inc. has a 52-week low of $13.06 and a 52-week high of $18.98. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50-day simple moving average of $14.79 and a two-hundred day simple moving average of $14.92. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -14.54, a PEG ratio of 2.90 and a beta of 1.23.

Veris Residential Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Wednesday, April 3rd were given a $0.052 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Tuesday, April 2nd. Veris Residential’s payout ratio is -21.00%.

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.