Veris Residential, Inc. (NYSE:VRE) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Veris Residential, Inc. (NYSE:VRE) by 35.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,880 shares of the company’s stock after acquiring an additional 755 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Veris Residential were worth $51,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Lighthouse Investment Partners LLC acquired a new position in shares of Veris Residential during the second quarter valued at approximately $2,175,000. Tidal Investments LLC increased its stake in shares of Veris Residential by 268.8% during the first quarter. Tidal Investments LLC now owns 50,959 shares of the company’s stock valued at $775,000 after acquiring an additional 37,141 shares during the period. Renaissance Technologies LLC boosted its holdings in Veris Residential by 387.4% during the second quarter. Renaissance Technologies LLC now owns 84,800 shares of the company’s stock worth $1,272,000 after buying an additional 67,400 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Veris Residential by 5.8% during the second quarter. Van ECK Associates Corp now owns 12,011 shares of the company’s stock worth $180,000 after buying an additional 663 shares in the last quarter. Finally, Nordea Investment Management AB bought a new stake in Veris Residential during the first quarter worth approximately $8,503,000. Institutional investors and hedge funds own 93.04% of the company’s stock.

Veris Residential Trading Up 2.2 %

Veris Residential stock opened at $16.85 on Wednesday. The company has a 50 day moving average price of $17.39 and a 200 day moving average price of $16.05. Veris Residential, Inc. has a 52 week low of $13.27 and a 52 week high of $18.18. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of -99.11, a P/E/G ratio of 4.56 and a beta of 1.26.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on VRE shares. Evercore ISI raised their target price on shares of Veris Residential from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. JPMorgan Chase & Co. raised their target price on shares of Veris Residential from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Monday, September 16th.

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.