State of New Jersey Common Pension Fund D boosted its stake in Veris Residential, Inc. (NYSE:VRE – Get Rating) by 10.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 174,422 shares of the company’s stock after acquiring an additional 17,101 shares during the period. State of New Jersey Common Pension Fund D owned 0.19% of Veris Residential worth $1,983,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. State Street Corp bought a new stake in Veris Residential in the second quarter valued at $70,860,000. FMR LLC bought a new stake in Veris Residential in the second quarter valued at $64,576,000. Victory Capital Management Inc. bought a new stake in Veris Residential in the second quarter valued at $24,654,000. JPMorgan Chase & Co. bought a new stake in Veris Residential in the second quarter valued at $20,677,000. Finally, Rush Island Management LP bought a new stake in Veris Residential in the second quarter valued at $18,189,000. Institutional investors own 95.05% of the company’s stock.
Veris Residential Price Performance
VRE opened at $15.72 on Friday. The stock has a 50-day moving average price of $15.94 and a 200-day moving average price of $14.33. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $1.43 billion, a PE ratio of -11.97 and a beta of 1.17. Veris Residential, Inc. has a 1 year low of $10.22 and a 1 year high of $18.01.
Wall Street Analyst Weigh In
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.
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