Veris Residential, Inc. (NYSE:VRE) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of Veris Residential, Inc. (NYSE:VRE) by 18.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,384 shares of the company’s stock after acquiring an additional 6,576 shares during the period. Hsbc Holdings PLC’s holdings in Veris Residential were worth $667,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VRE. Nomura Asset Management Co. Ltd. grew its stake in shares of Veris Residential by 1.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 91,500 shares of the company’s stock worth $1,439,000 after acquiring an additional 1,700 shares in the last quarter. Norges Bank purchased a new stake in Veris Residential during the 4th quarter worth about $8,154,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Veris Residential by 5.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,456 shares of the company’s stock valued at $757,000 after purchasing an additional 2,556 shares in the last quarter. Jump Financial LLC grew its position in shares of Veris Residential by 187.4% during the fourth quarter. Jump Financial LLC now owns 53,656 shares of the company’s stock worth $844,000 after buying an additional 34,988 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in Veris Residential in the fourth quarter valued at approximately $2,541,000. 93.04% of the stock is currently owned by hedge funds and other institutional investors.

Veris Residential Stock Down 1.1 %

VRE traded down $0.16 on Friday, reaching $14.87. The company’s stock had a trading volume of 626,092 shares, compared to its average volume of 532,771. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -14.87, a P/E/G ratio of 3.12 and a beta of 1.22. Veris Residential, Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $18.98. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 1.46. The stock has a 50 day moving average of $14.72 and a two-hundred day moving average of $14.87.

Veris Residential Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Wednesday, April 3rd were given a dividend of $0.052 per share. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Tuesday, April 2nd. Veris Residential’s dividend payout ratio (DPR) is currently -21.00%.

Analyst Ratings Changes

Separately, Truist Financial dropped their price objective on shares of Veris Residential from $15.00 to $14.00 and set a “hold” rating on the stock 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.