Veris Residential, Inc. (NYSE:VRE) Shares Purchased by Aew Capital Management L P

Aew Capital Management L P grew its holdings in shares of Veris Residential, Inc. (NYSE:VRE) by 169.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,555,610 shares of the company’s stock after buying an additional 978,350 shares during the quarter. Veris Residential accounts for 0.9% of Aew Capital Management L P’s portfolio, making the stock its 29th largest position. Aew Capital Management L P’s holdings in Veris Residential were worth $24,470,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of VRE. SG Americas Securities LLC grew its stake in Veris Residential by 60.7% during the fourth quarter. SG Americas Securities LLC now owns 14,051 shares of the company’s stock worth $221,000 after buying an additional 5,309 shares during the period. abrdn plc raised its holdings in shares of Veris Residential by 11.4% during the third quarter. abrdn plc now owns 17,377 shares of the company’s stock worth $287,000 after purchasing an additional 1,774 shares during the period. Duality Advisers LP acquired a new stake in shares of Veris Residential in the 4th quarter worth about $300,000. Jump Financial LLC acquired a new stake in shares of Veris Residential in the 3rd quarter worth about $308,000. Finally, Los Angeles Capital Management LLC acquired a new position in Veris Residential during the 3rd quarter valued at about $363,000. 93.04% of the stock is currently owned by hedge funds and other institutional investors.

Veris Residential Price Performance

Shares of NYSE:VRE traded down $0.11 during trading hours on Friday, hitting $14.54. 502,156 shares of the company’s stock traded hands, compared to its average volume of 681,588. 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’s fifty day simple moving average is $14.79 and its two-hundred day simple moving average is $14.92. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -14.54, a price-to-earnings-growth ratio of 2.90 and a beta of 1.23.

Veris Residential Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Wednesday, April 3rd were given a dividend of $0.052 per share. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.21 annualized dividend and a dividend yield of 1.43%. Veris Residential’s dividend payout ratio (DPR) is -21.00%.

Analyst Ratings Changes

Separately, Truist Financial lowered their target price on shares of Veris Residential from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Tuesday, April 9th.

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.