Madison International Realty Holdings LLC Has $101.68 Million Stock Holdings in Veris Residential, Inc. (NYSE:VRE)

Madison International Realty Holdings LLC boosted its holdings in Veris Residential, Inc. (NYSE:VRE) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,114,434 shares of the company’s stock after acquiring an additional 6,773 shares during the period. Veris Residential accounts for 57.2% of Madison International Realty Holdings LLC’s holdings, making the stock its biggest position. Madison International Realty Holdings LLC owned about 0.07% of Veris Residential worth $101,683,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. raised its position in shares of Veris Residential by 0.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 100,000 shares of the company’s stock valued at $1,786,000 after purchasing an additional 900 shares during the period. Inspire Investing LLC grew its stake in Veris Residential by 5.0% in the 4th quarter. Inspire Investing LLC now owns 24,297 shares of the company’s stock valued at $404,000 after buying an additional 1,149 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Veris Residential by 1.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 116,412 shares of the company’s stock valued at $2,079,000 after acquiring an additional 1,220 shares during the period. Van ECK Associates Corp lifted its position in Veris Residential by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 14,870 shares of the company’s stock worth $247,000 after acquiring an additional 1,378 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in shares of Veris Residential by 6.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 44,888 shares of the company’s stock worth $746,000 after acquiring an additional 2,791 shares during the period. Institutional investors and hedge funds own 93.04% of the company’s stock.

Veris Residential Stock Up 0.9 %

Shares of VRE opened at $16.74 on Thursday. The firm has a 50 day simple moving average of $16.14 and a two-hundred day simple moving average of $16.91. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.73. Veris Residential, Inc. has a one year low of $13.84 and a one year high of $18.85. The company has a market cap of $1.56 billion, a P/E ratio of -98.44, a P/E/G ratio of 2.50 and a beta of 1.24.

Veris Residential (NYSE:VRE) last posted its quarterly earnings results on Monday, February 24th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The business had revenue of $68.08 million for the quarter, compared to analyst estimates of $66.98 million. Veris Residential had a negative return on equity of 4.97% and a negative net margin of 5.70%. Research analysts forecast that Veris Residential, Inc. will post 0.61 EPS for the current fiscal year.

Veris Residential Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, March 31st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.91%. Veris Residential’s payout ratio is presently -133.33%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on VRE shares. Evercore ISI restated an “in-line” rating and issued a $18.00 price target (down from $20.00) on shares of Veris Residential in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upgraded shares of Veris Residential from an “underweight” rating to a “neutral” rating and upped their price target for the company from $14.00 to $17.00 in a research note on Tuesday, December 17th. Finally, Truist Financial raised their price target on shares of Veris Residential from $16.00 to $17.00 and gave the stock a “hold” rating in a research report on Monday, March 10th.

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.