Veris Residential, Inc. (NYSE:VRE) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp grew its position in shares of Veris Residential, Inc. (NYSE:VRE) by 12.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,492 shares of the company’s stock after purchasing an additional 1,481 shares during the period. Van ECK Associates Corp’s holdings in Veris Residential were worth $235,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in VRE. Allspring Global Investments Holdings LLC raised its stake in shares of Veris Residential by 417.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,686 shares of the company’s stock valued at $41,000 after acquiring an additional 2,167 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Veris Residential in the second quarter valued at $48,000. Quarry LP acquired a new stake in shares of Veris Residential in the second quarter valued at $48,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Veris Residential by 35.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,880 shares of the company’s stock valued at $51,000 after acquiring an additional 755 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Veris Residential in the first quarter valued at $152,000. 93.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on VRE shares. JPMorgan Chase & Co. raised their price target on Veris Residential from $13.00 to $14.00 and gave the company an “underweight” rating in a research note on Monday, September 16th. Bank of America upgraded Veris Residential from a “neutral” rating to a “buy” rating and raised their price target for the company from $20.00 to $23.00 in a research note on Tuesday. Finally, Evercore ISI raised their price target on Veris Residential from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th.

Veris Residential Stock Performance

VRE opened at $18.58 on Thursday. Veris Residential, Inc. has a one year low of $13.28 and a one year high of $18.70. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.34. The business’s 50-day simple moving average is $17.44 and its 200-day simple moving average is $16.18.

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.