Rep. Lisa C. McClain Buys Veris Residential, Inc. (NYSE:VRE) Stock

Representative Lisa C. McClain (R-Michigan) recently bought shares of Veris Residential, Inc. (NYSE:VRE). In a filing disclosed on August 13th, the Representative disclosed that they had bought between $15,001 and $50,000 in Veris Residential stock on June 11th. The trade occurred in the Representative’s “CHARLES SCHWAB BROKERAGE ACCOUNT 924” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Autoliv (NYSE:ALV) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Applied Materials (NASDAQ:AMAT) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of Arthur J. Gallagher & Co. (NYSE:AJG) on 8/4/2025.
• Sold $1,001 – $15,000 in shares of SAP (NYSE:SAP) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of XPO (NYSE:XPO) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Lithia Motors (NYSE:LAD) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Sanofi (NASDAQ:SNY) on 7/22/2025.
• Sold $1,001 – $15,000 in shares of Waters (NYSE:WAT) on 7/22/2025.
• Purchased $1,001 – $15,000 in shares of Group 1 Automotive (NYSE:GPI) on 7/22/2025.

Veris Residential Price Performance

Shares of VRE stock traded up $0.8110 during trading hours on Friday, hitting $15.2310. The stock had a trading volume of 2,304,559 shares, compared to its average volume of 421,188. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.61 and a quick ratio of 0.61. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -66.22, a PEG ratio of 2.61 and a beta of 1.24. Veris Residential, Inc. has a one year low of $13.69 and a one year high of $18.85. The stock’s 50-day moving average price is $14.53 and its two-hundred day moving average price is $15.34.

Veris Residential (NYSE:VRE) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $75.93 million during the quarter, compared to analysts’ expectations of $69.06 million. Veris Residential had a negative return on equity of 1.89% and a negative net margin of 7.84%. Veris Residential has set its FY 2025 guidance at 0.630-0.640 EPS. Equities analysts forecast that Veris Residential, Inc. will post 0.61 EPS for the current year.

Veris Residential Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Monday, June 30th were given a dividend of $0.08 per share. The ex-dividend date was Monday, June 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.1%. Veris Residential’s dividend payout ratio (DPR) is presently -139.13%.

Institutional Investors Weigh In On Veris Residential

Hedge funds have recently made changes to their positions in the stock. Nuveen LLC acquired a new stake in shares of Veris Residential during the first quarter worth $34,817,000. Argosy Lionbridge Management LLC acquired a new stake in Veris Residential during the 4th quarter worth about $19,028,000. Balyasny Asset Management L.P. grew its stake in Veris Residential by 138.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 1,068,102 shares of the company’s stock valued at $15,904,000 after purchasing an additional 620,708 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Veris Residential by 49.1% in the fourth quarter. Northern Trust Corp now owns 1,524,968 shares of the company’s stock valued at $25,360,000 after purchasing an additional 501,867 shares during the period. Finally, Prudential Financial Inc. raised its stake in shares of Veris Residential by 9.3% in the second quarter. Prudential Financial Inc. now owns 4,978,947 shares of the company’s stock worth $74,137,000 after purchasing an additional 423,683 shares during the last quarter. 93.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Veris Residential from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. BTIG Research dropped their target price on Veris Residential from $26.00 to $22.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Truist Financial decreased their price target on Veris Residential from $17.00 to $16.00 and set a “hold” rating on the stock in a report on Monday, May 5th. Finally, Evercore ISI lifted their price objective on shares of Veris Residential from $17.50 to $18.00 and gave the stock an “in-line” rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.20.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

About Veris Residential

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.