Asset Management One Co. Ltd. Has $2.01 Million Stock Position in Veris Residential, Inc. (NYSE:VRE)

Asset Management One Co. Ltd. raised its position in shares of Veris Residential, Inc. (NYSE:VRE) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,034 shares of the company’s stock after acquiring an additional 6,287 shares during the period. Asset Management One Co. Ltd. owned approximately 0.13% of Veris Residential worth $2,009,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in Veris Residential by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 2,102,857 shares of the company’s stock valued at $37,557,000 after purchasing an additional 219,901 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Veris Residential by 1.1% in the third quarter. Geode Capital Management LLC now owns 2,000,918 shares of the company’s stock worth $35,743,000 after purchasing an additional 21,133 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Veris Residential by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,470,536 shares of the company’s stock valued at $26,264,000 after acquiring an additional 49,378 shares during the last quarter. Victory Capital Management Inc. boosted its position in Veris Residential by 0.5% during the third quarter. Victory Capital Management Inc. now owns 1,200,470 shares of the company’s stock valued at $21,440,000 after acquiring an additional 6,421 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Veris Residential by 491.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 616,605 shares of the company’s stock worth $11,013,000 after purchasing an additional 512,406 shares in the last quarter. Institutional investors own 93.04% of the company’s stock.

Analyst Ratings Changes

VRE has been the topic of a number of research analyst reports. Bank of America raised shares of Veris Residential from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $20.00 to $23.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. upgraded shares of Veris Residential from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $14.00 to $17.00 in a research note on Tuesday, December 17th.

Veris Residential Stock Down 2.3 %

VRE opened at $15.62 on Thursday. The company has a 50 day moving average of $16.19 and a 200 day moving average of $16.95. The company has a market cap of $1.45 billion, a PE ratio of -91.86, a price-to-earnings-growth ratio of 2.55 and a beta of 1.27. Veris Residential, Inc. has a 12 month low of $13.84 and a 12 month high of $18.85. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.34.

Veris Residential Company Profile

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.