B&I Capital AG Boosts Stock Position in Veris Residential, Inc. $VRE

B&I Capital AG boosted its position in shares of Veris Residential, Inc. (NYSE:VRE) by 3.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 455,080 shares of the company’s stock after acquiring an additional 14,100 shares during the quarter. Veris Residential accounts for approximately 2.3% of B&I Capital AG’s investment portfolio, making the stock its 19th biggest position. B&I Capital AG owned 0.49% of Veris Residential worth $6,776,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. CWM LLC grew its stake in Veris Residential by 925.9% during the 2nd quarter. CWM LLC now owns 7,017 shares of the company’s stock worth $104,000 after purchasing an additional 6,333 shares in the last quarter. Magnetar Financial LLC purchased a new position in shares of Veris Residential in the 1st quarter valued at about $195,000. Metis Global Partners LLC boosted its stake in shares of Veris Residential by 30.8% in the 2nd quarter. Metis Global Partners LLC now owns 13,390 shares of the company’s stock valued at $199,000 after buying an additional 3,153 shares during the period. Natixis Advisors LLC acquired a new position in shares of Veris Residential during the first quarter worth about $202,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Veris Residential during the first quarter worth approximately $222,000. 93.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on VRE shares. Wall Street Zen downgraded shares of Veris Residential from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Veris Residential in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.25.

Veris Residential Stock Performance

NYSE VRE opened at $15.08 on Thursday. The firm has a market cap of $1.41 billion, a P/E ratio of 22.51, a P/E/G ratio of 2.27 and a beta of 1.32. Veris Residential, Inc. has a 52-week low of $13.69 and a 52-week high of $18.47. The business’s 50-day moving average price is $14.89 and its 200 day moving average price is $14.91. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.13.

Veris Residential (NYSE:VRE) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. Veris Residential had a net margin of 22.09% and a return on equity of 4.72%. The firm had revenue of $73.44 million for the quarter, compared to analyst estimates of $73.74 million. Veris Residential has set its FY 2025 guidance at 0.670-0.680 EPS. On average, equities research analysts expect that Veris Residential, Inc. will post 0.61 earnings per share for the current year.

Veris Residential Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, December 31st. Veris Residential’s dividend payout ratio (DPR) is presently 47.76%.

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.