Nisa Investment Advisors LLC Has $497,000 Position in Veris Residential, Inc. (NYSE:VRE)

Nisa Investment Advisors LLC lessened its position in Veris Residential, Inc. (NYSE:VRE) by 9.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 31,581 shares of the company’s stock after selling 3,426 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Veris Residential were worth $497,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of VRE. State Street Corp acquired a new position in Veris Residential in the 2nd quarter worth about $70,860,000. Wellington Management Group LLP increased its holdings in Veris Residential by 24.8% in the 3rd quarter. Wellington Management Group LLP now owns 7,176,422 shares of the company’s stock worth $118,411,000 after purchasing an additional 1,425,528 shares in the last quarter. Norges Bank acquired a new position in Veris Residential in the 4th quarter worth about $17,808,000. Northern Trust Corp acquired a new position in Veris Residential in the 2nd quarter worth about $13,575,000. Finally, Legal & General Group Plc acquired a new position in Veris Residential in the 2nd quarter worth about $8,578,000. Institutional investors and hedge funds own 93.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

Veris Residential Trading Up 0.3 %

Shares of VRE stock opened at $14.01 on Thursday. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -11.39, a PEG ratio of 2.72 and a beta of 1.23. The stock has a 50-day moving average of $14.87 and a 200-day moving average of $14.97. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.45. Veris Residential, Inc. has a 1-year low of $13.06 and a 1-year high of $18.98.

Veris Residential Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Wednesday, April 3rd were paid a dividend of $0.052 per share. The ex-dividend date was Tuesday, April 2nd. This represents a $0.21 annualized dividend and a yield of 1.48%. Veris Residential’s dividend payout ratio is currently -17.07%.

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.