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

Key Points

• Veris Residential updated its FY 2025 earnings guidance, projecting earnings per share of 0.670-0.680, significantly higher than the consensus estimate of 0.180.
• The company's stock saw a modest gain of $0.34 during trading, reaching $14.93, amid an average trading volume of approximately 531,452 shares.
• Veris Residential announced a quarterly dividend of $0.08 per share, reflecting a 2.1% dividend yield, despite a negative payout ratio of -139.13%.

Veris Residential (NYSE:VRE - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.670-0.680 for the period, compared to the consensus earnings per share estimate of 0.180. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of Veris Residential in a research report on Wednesday, October 8th. Evercore ISI upped their price objective on shares of Veris Residential from $17.50 to $18.00 and gave the stock an "in-line" rating in a research report on Friday, July 25th. BTIG Research decreased their price objective on shares of Veris Residential from $26.00 to $22.00 and set a "buy" rating for the company in a research report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded shares of Veris Residential from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $19.20.

Veris Residential Price Performance

NYSE VRE traded up $0.34 during trading hours on Wednesday, hitting $14.93. 492,647 shares of the company's stock traded hands, compared to its average volume of 531,452. The firm's 50-day moving average is $15.10 and its 200-day moving average is $15.03. Veris Residential has a 52-week low of $13.69 and a 52-week high of $18.85. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market capitalization of $1.39 billion, a PE ratio of -64.89, a PEG ratio of 2.51 and a beta of 1.35.

Veris Residential (NYSE:VRE - Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.05. Veris Residential had a negative net margin of 7.84% and a negative return on equity of 1.89%. Veris Residential has set its FY 2025 guidance at 0.670-0.680 EPS. Equities analysts forecast that Veris Residential will post 0.61 EPS for the current fiscal year.

Veris Residential Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Tuesday, September 30th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 30th. Veris Residential's dividend payout ratio is currently -139.13%.

Hedge Funds Weigh In On Veris Residential

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in Veris Residential by 307.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,617 shares of the company's stock worth $128,000 after buying an additional 6,500 shares in the last quarter. Engineers Gate Manager LP raised its holdings in shares of Veris Residential by 29.5% in the 2nd quarter. Engineers Gate Manager LP now owns 16,776 shares of the company's stock valued at $250,000 after purchasing an additional 3,825 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Veris Residential by 26.6% in the 1st quarter. Royal Bank of Canada now owns 17,263 shares of the company's stock valued at $292,000 after purchasing an additional 3,623 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Veris Residential by 26.4% in the 2nd quarter. Tidal Investments LLC now owns 24,849 shares of the company's stock valued at $370,000 after purchasing an additional 5,185 shares in the last quarter. Finally, Caxton Associates LLP raised its holdings in shares of Veris Residential by 5.5% in the 2nd quarter. Caxton Associates LLP now owns 26,507 shares of the company's stock valued at $395,000 after purchasing an additional 1,383 shares in the last quarter. 93.04% of the stock is currently owned by institutional investors and hedge funds.

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.

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