Veris Residential (VRE) to Release Quarterly Earnings on Wednesday

Veris Residential (NYSE:VRE - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data after the market closes on Wednesday, July 23rd. Analysts expect the company to announce earnings of $0.15 per share and revenue of $69.06 million for the quarter. Veris Residential has set its FY 2025 guidance at 0.610-0.630 EPS.

Veris Residential (NYSE:VRE - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. Veris Residential had a negative net margin of 11.02% and a negative return on equity of 2.62%. The business had revenue of $67.76 million during the quarter, compared to analyst estimates of $69.24 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 Stock Up 1.1%

Shares of NYSE:VRE traded up $0.17 during trading on Wednesday, reaching $14.69. The stock had a trading volume of 381,572 shares, compared to its average volume of 470,760. The firm's 50-day simple moving average is $15.02 and its 200 day simple moving average is $15.67. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 1.38. Veris Residential has a one year low of $14.12 and a one year high of $18.85. The company has a market capitalization of $1.37 billion, a P/E ratio of -45.89, a PEG ratio of 1.64 and a beta of 1.21.

Veris Residential Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Monday, June 30th were given a dividend of $0.08 per share. The ex-dividend date was Monday, June 30th. This represents a $0.32 dividend on an annualized basis and a yield of 2.18%. Veris Residential's payout ratio is -100.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VRE. Truist Financial reduced their price target on Veris Residential from $17.00 to $16.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Wall Street Zen lowered Veris Residential from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Veris Residential presently has a consensus rating of "Hold" and an average price target of $18.50.

Institutional Investors Weigh In On Veris Residential

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC increased its position in shares of Veris Residential by 234.4% in the 1st quarter. Jane Street Group LLC now owns 113,848 shares of the company's stock valued at $1,926,000 after acquiring an additional 79,802 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Veris Residential by 72.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,006,694 shares of the company's stock valued at $17,033,000 after purchasing an additional 423,482 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 purchasing an additional 2,064 shares during the period. AQR Capital Management LLC raised its stake in shares of Veris Residential by 88.8% in the first quarter. AQR Capital Management LLC now owns 54,273 shares of the company's stock worth $911,000 after purchasing an additional 25,520 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings 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 worth $292,000 after purchasing an additional 3,623 shares during the period. 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.