New York State Teachers Retirement System Sells 31,018 Shares of Veris Residential, Inc. (NYSE:VRE)

New York State Teachers Retirement System trimmed its holdings in shares of Veris Residential, Inc. (NYSE:VRE) by 20.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,975 shares of the company’s stock after selling 31,018 shares during the quarter. New York State Teachers Retirement System owned 0.13% of Veris Residential worth $1,871,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in shares of Veris Residential by 371.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,263 shares of the company’s stock worth $33,000 after purchasing an additional 1,783 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Veris Residential by 53.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,824 shares of the company’s stock worth $45,000 after purchasing an additional 981 shares during the period. Captrust Financial Advisors acquired a new position in shares of Veris Residential in the 2nd quarter worth approximately $61,000. M&T Bank Corp acquired a new position in shares of Veris Residential in the 3rd quarter worth approximately $115,000. Finally, Metropolitan Life Insurance Co NY lifted its position in shares of Veris Residential by 9.2% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 7,763 shares of the company’s stock worth $124,000 after purchasing an additional 651 shares during the period. 93.04% of the stock is owned by institutional investors.

Veris Residential Stock Down 1.1 %

Veris Residential stock opened at $13.97 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.45. Veris Residential, Inc. has a 12-month low of $13.06 and a 12-month high of $18.98. The firm’s fifty day moving average is $14.89 and its 200 day moving average is $14.98. The company has a market capitalization of $1.29 billion, a PE ratio of -11.36, a PEG ratio of 2.77 and a beta of 1.23.

Veris Residential Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Wednesday, April 3rd were given a dividend of $0.052 per share. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.49%. Veris Residential’s payout ratio is presently -17.07%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their price target 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.

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.