Daiwa Securities Group Inc. Trims Holdings in Veris Residential, Inc. (NYSE:VRE)

Daiwa Securities Group Inc. lowered its position in shares of Veris Residential, Inc. (NYSE:VRE) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,340 shares of the company’s stock after selling 1,141 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Veris Residential were worth $383,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of VRE. Wellington Management Group LLP raised its position in Veris Residential by 24.8% during the 3rd quarter. Wellington Management Group LLP now owns 7,176,422 shares of the company’s stock worth $118,411,000 after buying an additional 1,425,528 shares during the last quarter. Aew Capital Management L P raised its position in Veris Residential by 98.0% during the 3rd quarter. Aew Capital Management L P now owns 577,260 shares of the company’s stock worth $9,525,000 after buying an additional 285,724 shares during the last quarter. Qube Research & Technologies Ltd raised its position in Veris Residential by 157.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 226,054 shares of the company’s stock worth $3,730,000 after buying an additional 138,128 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Veris Residential during the 3rd quarter worth $964,000. Finally, Illinois Municipal Retirement Fund purchased a new position in Veris Residential during the 3rd quarter worth $779,000. Hedge funds and other institutional investors own 93.04% of the company’s stock.

Veris Residential Stock Performance

NYSE:VRE opened at $14.54 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.45. Veris Residential, Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $18.98. The stock has a market cap of $1.34 billion, a PE ratio of -14.54, a price-to-earnings-growth ratio of 2.90 and a beta of 1.23. The firm’s fifty day simple moving average is $14.79 and its 200-day simple moving average is $14.92.

Veris Residential Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Truist Financial cut their price objective on shares of Veris Residential from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Tuesday, April 9th.

Veris Residential 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.