Veris Residential (NYSE:VRE) Releases FY 2025 Earnings Guidance

Veris Residential (NYSE:VRE - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.630-0.640 for the period, compared to the consensus EPS estimate of 0.623. The company issued revenue guidance of -.

Veris Residential Price Performance

NYSE VRE traded up $0.07 on Friday, reaching $14.65. The company's stock had a trading volume of 676,728 shares, compared to its average volume of 499,467. Veris Residential has a 52 week low of $14.12 and a 52 week high of $18.85. The firm has a market cap of $1.37 billion, a PE ratio of -63.67, a price-to-earnings-growth ratio of 1.58 and a beta of 1.21. The business has a 50-day moving average price of $14.87 and a 200 day moving average price of $15.58. The company has a current ratio of 0.61, a quick ratio of 0.56 and a debt-to-equity ratio of 1.47.

Veris Residential (NYSE:VRE - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The business had revenue of $75.93 million for the quarter, compared to analyst estimates of $69.06 million. Veris Residential had a negative return on equity of 1.89% and a negative net margin of 7.84%. Sell-side analysts expect that Veris Residential will post 0.61 EPS for the current year.

Veris Residential Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Monday, June 30th were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.32 dividend on an annualized basis and a yield of 2.19%. Veris Residential's payout ratio is -139.13%.

Analyst Ratings Changes

VRE has been the topic of several recent research reports. Evercore ISI raised their target price on shares of Veris Residential from $17.50 to $18.00 and gave the company an "in-line" rating in a research note on Friday. BTIG Research reduced their target price on Veris Residential from $26.00 to $22.00 and set a "buy" rating on the stock in a report on Wednesday. Truist Financial reduced their target price on Veris Residential from $17.00 to $16.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Finally, Wall Street Zen upgraded Veris Residential from a "sell" rating to a "hold" rating in a report on Saturday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Veris Residential has an average rating of "Hold" and a consensus price target of $19.20.

Institutional Investors Weigh In On Veris Residential

Large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Veris Residential by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,695 shares of the company's stock valued at $790,000 after acquiring an additional 2,064 shares during the period. Royal Bank of Canada boosted its position in shares of Veris Residential by 26.6% during the first quarter. Royal Bank of Canada now owns 17,263 shares of the company's stock valued at $292,000 after buying an additional 3,623 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Veris Residential by 88.8% during the first quarter. AQR Capital Management LLC now owns 54,273 shares of the company's stock valued at $911,000 after buying an additional 25,520 shares during the last quarter. Jane Street Group LLC boosted its holdings in Veris Residential by 234.4% during the 1st quarter. Jane Street Group LLC now owns 113,848 shares of the company's stock worth $1,926,000 after acquiring an additional 79,802 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Veris Residential by 72.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,006,694 shares of the company's stock worth $17,033,000 after purchasing an additional 423,482 shares during the last quarter. Institutional investors and hedge funds own 93.04% of the company's stock.

Veris Residential Company Profile

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.