Veris Residential (VRE) Stock Price, News & Analysis

Company Overview

Veris Residential (NYSE: VRE) is a real estate investment trust that owns, operates, invests in, develops, acquires and repositions multifamily rental housing properties in high‐barrier‐to‐entry markets. The company pursues a targeted growth strategy, focusing on assets that offer the potential for value enhancement through renovations, operational improvements and selective development. With an emphasis on risk‐adjusted returns, Veris Residential seeks to balance a stable income profile with opportunities for long‐term capital appreciation.

The firm’s portfolio is concentrated in the New York City metropolitan area and select West Coast markets, including Los Angeles and Orange County, California. Its communities feature a range of floor plans and amenity offerings such as fitness centers, co‐working spaces, rooftop lounges and pet‐friendly services. By combining modern design elements with resident‐focused amenities, Veris Residential aims to differentiate its properties and foster strong occupancy trends.

Originally formed in 2016 as a spin‐off from Mack‐Cali Real Estate Corporation, Veris Residential has established a reputation as a specialist in the multifamily sector. Since its inception, the company has executed a disciplined acquisition and development program, assembling a multi‐thousand‐unit portfolio in markets characterized by limited supply and sustained population growth. Strategic partnerships with local developers and service providers support the firm’s ability to execute value‐add projects and new construction initiatives.

The company is led by President and Chief Executive Officer Lawrence R. Newman, who brings more than three decades of real estate finance, development and asset management experience. Under his leadership, Veris Residential has strengthened its operational platform and embraced initiatives in environmental sustainability, technology integration and community engagement. The firm’s executive team remains focused on optimizing portfolio performance and delivering long‐term value for shareholders and residents.

Key Stats

• Today's Range: $14.35 to $14.79
• 50-Day Range: $14.53 to $16.27
• 52-Week Range: $14.12 to $18.85
• Volume: 536,256 shs
• Average Volume: 475,129 shs
• Market Capitalization: $1.36 billion
• P/E Ratio: N/A
• Dividend Yield: 2.20%
• Price Target: $18.50
• Consensus Rating: Hold

Veris Residential Stock Analysis - MarketRank™

Veris Residential scored higher than 36% of companies evaluated by MarketBeat, and ranked 628th out of 901 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Veris Residential has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Veris Residential has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Earnings Growth

Earnings for Veris Residential are expected to remain at $0.61 per share in the coming year.

Price to Earnings Ratio vs. the Market

The P/E ratio of Veris Residential is -45.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Veris Residential is -45.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Veris Residential has a PEG Ratio of 1.64. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Veris Residential has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.92% of the float of Veris Residential has been sold short.

Short Interest Ratio / Days to Cover

Veris Residential has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Veris Residential has recently increased by 6.00%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Veris Residential pays a meaningful dividend of 2.17%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Veris Residential has only been increasing its dividend for 1 years.

Dividend Sustainability

Based on earnings estimates, Veris Residential will have a dividend payout ratio of 52.46% next year. This indicates that Veris Residential will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.92% of the float of Veris Residential has been sold short.

Short Interest Ratio / Days to Cover

Veris Residential has a short interest ratio ("days to cover") of 5.

Change versus previous month

Short interest in Veris Residential has recently increased by 6.00%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Veris Residential this week, compared to 3 articles on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Veris Residential insiders have not sold or bought any company stock.

Percentage Held by Insiders

16.40% of the stock of Veris Residential is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

93.04% of the stock of Veris Residential is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

VRE Stock Analysis - Frequently Asked Questions

How have VRE shares performed this year?

Veris Residential's stock was trading at $16.63 at the start of the year. Since then, VRE shares have decreased by 12.6% and is now trading at $14.53.

How were Veris Residential's earnings last quarter?

Veris Residential, Inc. (NYSE:VRE) posted its earnings results on Wednesday, April, 23rd. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $67.76 million for the quarter, compared to analyst estimates of $69.24 million. Veris Residential had a negative trailing twelve-month return on equity of 2.62% and a negative net margin of 11.02%.
Read the conference call transcript.

How do I buy shares of Veris Residential?

Shares of VRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Veris Residential own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Veris Residential investors own include Tesla (TSLA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Meta Platforms (META), Netflix (NFLX) and Visa (V).

Company Calendar

• Record date for 4/10 Dividend: 3/31/2025
• Ex-Dividend for 4/10 Dividend: 3/31/2025
• Dividend Payable: 4/10/2025
• Last Earnings: 4/23/2025
• Record date for 7/10 Dividend: 6/30/2025
• Ex-Dividend for 7/10 Dividend: 6/30/2025
• Today: 7/07/2025
• Dividend Payable: 7/10/2025
• Next Earnings (Estimated): 7/23/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REIT - EQTY TRUST - RESID
• Sub-Industry: Trading
• Current Symbol: NYSE:VRE
• CIK: 924901
• Web: www.mack-cali.com
• Phone: (732) 590-1010
• Fax: 732-205-8237
• Employees: 220
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $18.50
• High Stock Price Target: $23.00
• Low Stock Price Target: $16.00
• Potential Upside/Downside: +27.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.32)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 23.72
• P/E Growth: 1.64
• Net Income: -$23.12 million
• Net Margins: -11.02%
• Pretax Margin: -14.11%
• Return on Equity: -2.62%
• Return on Assets: -1.09%

Debt

• Debt-to-Equity Ratio: 1.38
• Current Ratio: 0.56
• Quick Ratio: 0.56

Sales & Book Value

• Annual Sales: $271.07 million
• Price / Sales: 4.98
• Cash Flow: $0.84 per share
• Price / Cash Flow: 17.21
• Book Value: $13.27 per share
• Price / Book: 1.09

Miscellaneous

• Outstanding Shares: 93,320,000
• Free Float: 78,016,000
• Market Cap: $1.35 billion
• Optionable: Optionable
• Beta: 1.21