Veris Residential, Inc. (NYSE:VRE – Get Free Report) Director Nori Gerardo Lietz purchased 10,000 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were purchased at an average cost of $14.31 per share, for a total transaction of $143,100.00. Following the completion of the transaction, the director now directly owns 39,687 shares of the company’s stock, valued at approximately $567,920.97. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Veris Residential Stock Up 1.3 %
NYSE VRE opened at $14.60 on Thursday. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.46. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -14.60, a PEG ratio of 4.53 and a beta of 1.25. The company has a 50 day moving average of $14.99 and a 200-day moving average of $15.09. Veris Residential, Inc. has a 1-year low of $13.06 and a 1-year high of $18.98.
Veris Residential Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Wednesday, July 3rd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This is a boost from Veris Residential’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.64%. Veris Residential’s payout ratio is currently -21.00%.
Institutional Trading of Veris Residential
Analyst Upgrades and Downgrades
Several research firms have commented on VRE. JPMorgan Chase & Co. upped their price objective on shares of Veris Residential from $11.00 to $13.00 and gave the company an “underweight” rating in a report on Monday, June 17th. Truist Financial reduced their price target on Veris Residential from $15.00 to $14.00 and set a “hold” rating for the company in a research note on Monday. Finally, Evercore ISI lowered their price objective on Veris Residential from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, June 20th.
View Our Latest Research Report on VRE
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.
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