B&I Capital AG Sells 270,440 Shares of Veris Residential, Inc. $VRE

B&I Capital AG reduced its holdings in shares of Veris Residential, Inc. (NYSE:VRE) by 59.4% during the third quarter, HoldingsChannel reports. The firm owned 184,640 shares of the company’s stock after selling 270,440 shares during the period. Veris Residential comprises 1.0% of B&I Capital AG’s portfolio, making the stock its 26th biggest holding. B&I Capital AG’s holdings in Veris Residential were worth $2,807,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VRE. Covestor Ltd raised its holdings in shares of Veris Residential by 29.0% during the third quarter. Covestor Ltd now owns 3,270 shares of the company’s stock valued at $49,000 after purchasing an additional 736 shares during the last quarter. CWM LLC increased its position in Veris Residential by 925.9% during the second quarter. CWM LLC now owns 7,017 shares of the company’s stock valued at $104,000 after acquiring an additional 6,333 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in Veris Residential by 307.0% in the second quarter. Tower Research Capital LLC TRC now owns 8,617 shares of the company’s stock valued at $128,000 after acquiring an additional 6,500 shares during the period. AlphaQuest LLC grew its stake in shares of Veris Residential by 49.5% during the 3rd quarter. AlphaQuest LLC now owns 8,399 shares of the company’s stock valued at $128,000 after purchasing an additional 2,780 shares during the period. Finally, Metis Global Partners LLC increased its position in shares of Veris Residential by 30.8% during the 2nd quarter. Metis Global Partners LLC now owns 13,390 shares of the company’s stock valued at $199,000 after purchasing an additional 3,153 shares during the last quarter. 93.04% of the stock is currently owned by institutional investors.

Veris Residential Price Performance

VRE opened at $15.20 on Friday. The business has a fifty day moving average of $14.81 and a 200 day moving average of $14.84. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.13. The stock has a market cap of $1.42 billion, a P/E ratio of 22.69, a PEG ratio of 2.33 and a beta of 1.25. Veris Residential, Inc. has a 52-week low of $13.69 and a 52-week high of $17.18.

Veris Residential Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.32 dividend on an annualized basis and a yield of 2.1%. Veris Residential’s payout ratio is 47.76%.

Analyst Upgrades and Downgrades

VRE has been the subject of several recent research reports. Wall Street Zen upgraded shares of Veris Residential from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Veris Residential in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Veris Residential presently has a consensus rating of “Hold” and an average price target of $18.67.

About Veris Residential

Veris Residential, Inc (NYSE: VRE) is a publicly traded real estate investment trust that focuses on the acquisition, development, ownership and management of high-quality, Class A multifamily residential communities. As a pure-play residential REIT, Veris Residential offers a range of apartment homes designed to appeal to both urban and suburban renters seeking modern living spaces enhanced with amenities and services.

The company’s portfolio consists of contemporary apartment buildings that feature studio, one-, two- and three-bedroom floor plans.