Veris Residential, Inc. (NYSE:VRE) Shares Bought by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Veris Residential, Inc. (NYSE:VREGet Rating) by 10.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,680 shares of the company’s stock after purchasing an additional 3,600 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Veris Residential were worth $428,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. ProShare Advisors LLC purchased a new position in shares of Veris Residential in the second quarter valued at approximately $157,000. Wolverine Asset Management LLC purchased a new position in shares of Veris Residential in the second quarter valued at approximately $1,031,000. abrdn plc purchased a new position in shares of Veris Residential in the second quarter valued at approximately $247,000. Strs Ohio purchased a new position in shares of Veris Residential in the second quarter valued at approximately $1,488,000. Finally, Deutsche Bank AG purchased a new position in shares of Veris Residential in the second quarter valued at approximately $7,705,000. 95.05% of the stock is owned by institutional investors and hedge funds.

Veris Residential Stock Performance

NYSE VRE opened at $15.95 on Monday. The stock’s fifty day moving average is $15.97 and its two-hundred day moving average is $14.36. The firm has a market capitalization of $1.45 billion, a P/E ratio of -12.27 and a beta of 1.17. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.40 and a current ratio of 1.40. Veris Residential, Inc. has a fifty-two week low of $10.22 and a fifty-two week high of $17.99.

Analysts Set New Price Targets

Several research firms have recently weighed in on VRE. Bank of America upgraded Veris Residential from an “underperform” rating to a “neutral” rating and raised their target price for the company from $16.00 to $18.00 in a research report on Monday, November 14th. BTIG Research lowered their price objective on Veris Residential from $26.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, December 13th. Deutsche Bank Aktiengesellschaft lowered their price objective on Veris Residential from $15.00 to $13.00 and set a “hold” rating on the stock in a research note on Tuesday, October 4th. Finally, Evercore ISI lowered their price objective on Veris Residential to $14.00 in a research note on Thursday, October 13th.

Veris Residential Profile

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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.

See Also

Institutional Ownership by Quarter for Veris Residential (NYSE:VRE)

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