Veris Residential, Inc. (NYSE:VRE – Get Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 3,120,000 shares, a drop of 27.4% from the March 15th total of 4,300,000 shares. Approximately 4.0% of the shares of the company are sold short. Based on an average daily trading volume, of 675,500 shares, the days-to-cover ratio is currently 4.6 days.
Veris Residential Price Performance
NYSE VRE traded down $0.33 during trading on Friday, hitting $14.37. 614,172 shares of the company’s stock were exchanged, compared to its average volume of 469,481. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.45. The company has a market cap of $1.33 billion, a PE ratio of -11.68, a P/E/G ratio of 2.83 and a beta of 1.23. Veris Residential has a fifty-two week low of $13.06 and a fifty-two week high of $18.98. The stock’s 50 day moving average price is $14.92 and its two-hundred day moving average price is $15.03.
Veris Residential Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Wednesday, April 3rd will be paid a dividend of $0.052 per share. This represents a $0.21 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, April 2nd. Veris Residential’s payout ratio is -17.07%.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Separately, Truist Financial dropped their target price on Veris Residential from $15.00 to $14.00 and set a “hold” rating for the company in a report on Tuesday.
Get Our Latest Stock Report on Veris Residential
About Veris Residential
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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