73,047 Shares in Veris Residential, Inc. $VRE Acquired by Centerpoint Advisors LLC

Centerpoint Advisors LLC acquired a new position in shares of Veris Residential, Inc. (NYSE:VRE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 73,047 shares of the company’s stock, valued at approximately $1,110,000. Centerpoint Advisors LLC owned 0.08% of Veris Residential at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. grew its holdings in shares of Veris Residential by 720.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,132 shares of the company’s stock worth $32,000 after purchasing an additional 1,872 shares in the last quarter. Covestor Ltd lifted its position in Veris Residential by 29.0% during the third quarter. Covestor Ltd now owns 3,270 shares of the company’s stock worth $49,000 after purchasing an additional 736 shares during the period. CWM LLC lifted its position in Veris Residential by 925.9% during the second quarter. CWM LLC now owns 7,017 shares of the company’s stock worth $104,000 after purchasing an additional 6,333 shares during the period. AlphaQuest LLC grew its stake in Veris Residential by 49.5% during the third quarter. AlphaQuest LLC now owns 8,399 shares of the company’s stock worth $128,000 after buying an additional 2,780 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Veris Residential by 307.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,617 shares of the company’s stock valued at $128,000 after buying an additional 6,500 shares during the period. 93.04% of the stock is owned by institutional investors and hedge funds.

Veris Residential Trading Down 0.1%

Shares of Veris Residential stock opened at $16.63 on Tuesday. The firm’s 50 day moving average is $14.91 and its 200 day moving average is $14.91. The firm has a market capitalization of $1.55 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 2.58 and a beta of 1.26. Veris Residential, Inc. has a 1 year low of $13.69 and a 1 year high of $17.18. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.13.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VRE. Wall Street Zen raised shares of Veris Residential from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Veris Residential in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.67.

Veris Residential Company Profile

Veris Residential, Inc (NYSE: VRE) is a publicly traded real estate investment trust that focuses on the acquisition, development, ownership and management of high-quality, Class A multifamily residential communities. As a pure-play residential REIT, Veris Residential offers a range of apartment homes designed to appeal to both urban and suburban renters seeking modern living spaces enhanced with amenities and services.

The company’s portfolio consists of contemporary apartment buildings that feature studio, one-, two- and three-bedroom floor plans.