State Street Corp Amends Veris Residential Stake as of 12/31/23
Ticker: VRE · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 924901
| Field | Detail |
|---|---|
| Company | Veris Residential, Inc. (VRE) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, real-estate, disclosure
Related Tickers: VRE
TL;DR
**State Street just updated its Veris Residential (VRE) holdings, keep an eye on institutional moves.**
AI Summary
State Street Corp filed an amended SC 13G/A on January 30, 2024, indicating its ownership in Veris Residential, Inc. (NYSE: VRE) as of December 31, 2023. This filing is an amendment, meaning State Street Corp previously reported its stake and is now updating that information. For investors, this matters because State Street Corp is a major institutional investor, and changes in its holdings can signal shifts in confidence or strategy regarding Veris Residential, Inc.'s stock.
Why It Matters
This filing updates State Street Corp's reported ownership in Veris Residential, Inc., providing transparency on institutional investor activity which can influence market perception and stock price.
Risk Assessment
Risk Level: low — This is a routine disclosure of institutional ownership, not indicating any immediate negative or positive event for the company.
Analyst Insight
Investors should note that State Street Corp, a significant institutional player, is updating its position in Veris Residential, Inc. While this filing doesn't disclose the exact change in shares or percentage, it signals ongoing institutional interest. Smart investors would look for the full details of the amendment to understand if State Street increased or decreased its stake, and consider this in the context of their own investment thesis for VRE.
Key Players & Entities
- State Street Corp (company) — the entity filing the SC 13G/A
- Veris Residential, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
- 554489104 (number) — the CUSIP number for Veris Residential, Inc. securities
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating an update to previously reported beneficial ownership.
Who is the 'subject company' in this filing?
The subject company is Veris Residential, Inc., identified by CIK 0000924901 and SEC File Number 005-43725.
Who is the 'filing person' or 'reporting person' in this document?
The filing person is State Street Corp, identified by CIK 0000093751.
What is the 'date of event' that triggered this filing?
The date of the event which requires the filing of this statement is December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13D-1(B), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding Veris Residential, Inc. (VRE).