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Analysts at Deutsche Bank Aktiengesellschaft have reduced their price target for Veris Residential (NYSE:VRE) to $13.00.

Originally published on Best Stocks

Category: best stocks to buy now

The analysts at Deutsche Bank Aktiengesellschaft lowered their price objective for Veris Residential (NYSE: VRE) from $15.00 to $13.00 in a note published on Tuesday, as stated by a report by The Fly. Deutsche Bank Aktiengesellschaft estimates that the price must rise 13.54 percent before reaching the level it has set as its target price.

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Several other research organizations have recently provided their points of view regarding VRE. In a research note published on Tuesday, September 27th, Evercore ISI raised its target price for Veris Residential shares from $14.00 to $15.00 in a research note. Evercore ISI’s research note can be found here. The announcement was made that they had raised their price target. Truist Financial lowered their price objective on shares of Veris Residential from $15.00 to $13.00 in a research report about the stock that was published on Friday, June 24th, and gave the stock a “hold” rating in a research report about the stock that was published on Friday, June 24th. The report was concerning the company’s stock. The stock was the subject of the study.
The first transactions in shares of VRE were carried out on Tuesday for $11.45. During the previous year, the price of Veris Residential fluctuated between $10.94 and $19.90, reaching an all-time low of $10.94 and a new all-time high of $19.90. The moving average price of the company over the past 200 days is $14.61, while the moving average price over the last 50 days is $13.50. The company’s price-to-earnings ratio is -21.60, the PEG ratio is 17.54, and the company’s beta value is 1.04. In addition, the market value of the company is 1.04 billion dollars. A debt-to-equity ratio comes in at 1.52, a current ratio that stands at 1.45, and a quick ratio that also comes in at 1.45.
During the previous few months, several hedge funds and other types of institutional investors have modified their strategies to invest in the company. During the second quarter, Captrust Financial Advisors bought an additional position in Veris Residential at approximately $61,000. This position was worth approximately $61,000. Allspring Global Investments Holdings LLC increased its stake in Veris Residential by purchasing an additional share during the second quarter, bringing the total value of the company’s investment to somewhere in the neighborhood of $74,000. During the second quarter, KBC Group NV increased its stake in Veris Residential by purchasing additional shares. This holding was worth approximately $87,000 at the time. The total investment made by Van ECK Associates Corp. in Veris Residential was approximately $103,000 after it was increased during the second quarter by the purchase of an additional stake in the company. And finally, during the second quarter, UBS Group AG invested an additional $130,000 in Veris Residential, bringing the total amount of its investment in the company to $240,000. Institutional investors and hedge funds collectively own 91.50% of the total number of shares outstanding in the company. These investors also hold the majority of the voting rights.

Veris Residential, Inc. is an innovative, socially and environmentally responsible real estate investment trust (REIT) that primarily owns, operates, acquires and develops Class A multifamily properties that satisfy the needs of today’s residents for a sustainable lifestyle while aiming to have a positive influence on the communities it serves and the planet as a whole. Veris Residential, Inc. primarily owns, operates, acquires, and develops Class A multifamily properties that satisfy the needs of today’s residents. Veris Residential, Inc. primarily focuses on the ownership, management, acquisition, and development of Class A multifamily properties that cater to residents’ requirements in the modern world.

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