DigitalBridge Group Inc. Has $9.21 Million Stock Position in Veris Residential, Inc. $VRE

DigitalBridge Group Inc. lessened its holdings in Veris Residential, Inc. (NYSE:VRE) by 26.0% in the 3rd quarter, Holdings Channel reports. The firm owned 605,994 shares of the company’s stock after selling 212,700 shares during the quarter. DigitalBridge Group Inc.’s holdings in Veris Residential were worth $9,211,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of VRE. Hantz Financial Services Inc. raised its holdings in Veris Residential by 720.0% during the third quarter. Hantz Financial Services Inc. now owns 2,132 shares of the company’s stock valued at $32,000 after buying an additional 1,872 shares in the last quarter. Covestor Ltd boosted its stake in shares of Veris Residential by 29.0% during the 3rd quarter. Covestor Ltd now owns 3,270 shares of the company’s stock worth $49,000 after acquiring an additional 736 shares in the last quarter. Quarry LP increased its holdings in shares of Veris Residential by 746.6% during the 3rd quarter. Quarry LP now owns 4,326 shares of the company’s stock valued at $66,000 after acquiring an additional 3,815 shares during the last quarter. AlphaQuest LLC raised its stake in shares of Veris Residential by 49.5% in the 3rd quarter. AlphaQuest LLC now owns 8,399 shares of the company’s stock valued at $128,000 after acquiring an additional 2,780 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Veris Residential by 307.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,617 shares of the company’s stock valued at $128,000 after acquiring an additional 6,500 shares in the last quarter. 93.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VRE shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Veris Residential in a research report on Monday, December 29th. Wall Street Zen cut shares of Veris Residential from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Veris Residential has a consensus rating of “Hold” and a consensus target price of $18.67.

Veris Residential Price Performance

NYSE VRE opened at $18.86 on Wednesday. Veris Residential, Inc. has a twelve month low of $13.69 and a twelve month high of $18.91. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $1.76 billion, a PE ratio of 23.57, a P/E/G ratio of 3.32 and a beta of 1.21. The stock has a 50-day simple moving average of $16.66 and a 200 day simple moving average of $15.57.

Veris Residential (NYSE:VRE) last announced its earnings results on Monday, February 23rd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The firm had revenue of $71.31 million during the quarter, compared to the consensus estimate of $70.85 million. Veris Residential had a return on equity of 5.73% and a net margin of 26.08%. Research analysts anticipate that Veris Residential, Inc. will post 0.61 EPS for the current year.

Veris Residential Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, March 31st. Veris Residential’s dividend payout ratio is currently 40.00%.

About Veris Residential

Veris Residential, Inc (NYSE: VRE) is a publicly traded real estate investment trust that focuses on the acquisition, development, ownership and management of high-quality, Class A multifamily residential communities. As a pure-play residential REIT, Veris Residential offers a range of apartment homes designed to appeal to both urban and suburban renters seeking modern living spaces enhanced with amenities and services.

The company’s portfolio consists of contemporary apartment buildings that feature studio, one-, two- and three-bedroom floor plans.