Great West Life Assurance Co. Can boosted its stake in Veris Residential, Inc. (NYSE:VRE – Get Rating) by 8.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 155,518 shares of the company's stock after buying an additional 12,043 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.17% of Veris Residential worth $1,767,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRE. State Street Corp purchased a new stake in Veris Residential in the 2nd quarter worth approximately $70,860,000. FMR LLC purchased a new stake in Veris Residential in the 2nd quarter worth approximately $64,576,000. Victory Capital Management Inc. purchased a new stake in Veris Residential in the 2nd quarter worth approximately $24,654,000. JPMorgan Chase & Co. acquired a new position in shares of Veris Residential during the 2nd quarter worth $20,677,000. Finally, Rush Island Management LP acquired a new position in shares of Veris Residential during the 2nd quarter worth $18,189,000. Hedge funds and other institutional investors own 95.05% of the company's stock.
Get Veris Residential alerts:Veris Residential Price Performance
NYSE:VRE opened at $16.97 on Friday. Veris Residential, Inc. has a 1 year low of $10.22 and a 1 year high of $17.99. The firm's fifty day simple moving average is $16.14 and its 200 day simple moving average is $14.47. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.66.
Wall Street Analysts Forecast Growth
VRE has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Veris Residential from $15.00 to $13.00 and set a "hold" rating on the stock in a research note on Tuesday, October 4th. Evercore ISI dropped their price target on shares of Veris Residential to $14.00 in a research note on Thursday, October 13th. BTIG Research dropped their price target on shares of Veris Residential from $26.00 to $22.00 and set a "buy" rating on the stock in a research note on Tuesday, December 13th. Finally, Bank of America upgraded shares of Veris Residential from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $16.00 to $18.00 in a research note on Monday, November 14th.Veris Residential Profile
(Get Rating)
Veris Residential, Inc is a real estate investment trust, which owns and operates a real estate portfolio comprised predominantly of Class A office and flex properties located primarily in the Northeast. It operates through the following segments: Commercial and Other Real Estate, and Multi-Family Real Estate and Services.
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