Veris Residential (VRE) to Release Earnings on Wednesday

Veris Residential (NYSE:VRE - Get Free Report) is expected to be releasing its earnings data after the market closes on Wednesday, April 23rd. Analysts expect Veris Residential to post earnings of $0.14 per share and revenue of $69.24 million for the quarter. Veris Residential has set its FY 2025 guidance at 0.610-0.630 EPS.Persons that are interested in participating in the company's earnings conference call can do so using this link.

Veris Residential (NYSE:VRE - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). Veris Residential had a negative net margin of 5.70% and a negative return on equity of 4.97%. The company had revenue of $68.08 million during the quarter, compared to the consensus estimate of $66.98 million. On average, analysts expect Veris Residential to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Veris Residential Price Performance

Shares of VRE traded up $0.52 during midday trading on Friday, hitting $15.83. 1,065,822 shares of the company traded hands, compared to its average volume of 518,536. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of -93.12, a PEG ratio of 2.50 and a beta of 1.17. The firm has a 50 day moving average of $16.09 and a 200-day moving average of $16.65. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.73 and a current ratio of 0.73. Veris Residential has a 52 week low of $13.84 and a 52 week high of $18.85.

Veris Residential Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Monday, March 31st. Veris Residential's payout ratio is presently -133.33%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Truist Financial increased their target price on Veris Residential from $16.00 to $17.00 and gave the company a "hold" rating in a research report on Monday, March 10th. Evercore ISI reiterated an "in-line" rating and set a $18.00 price objective (down previously from $20.00) on shares of Veris Residential in a research report on Wednesday, February 26th.

About Veris Residential

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.