Veris Residential (VRE) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Veris Residential in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" VRE shares.
View VRE analyst ratings or view top-rated stocks.

5 analysts have issued 1-year price objectives for Veris Residential's stock. Their VRE share price forecasts range from $16.00 to $22.00. On average, they expect the company's stock price to reach $18.80 in the next year. This suggests a possible upside of 13.2% from the stock's current price.
View analysts price targets for VRE or view top-rated stocks among Wall Street analysts.

Veris Residential's stock was trading at $15.93 at the start of the year. Since then, VRE stock has increased by 4.3% and is now trading at $16.61.
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Veris Residential saw a decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,100,000 shares, a decline of 18.5% from the August 15th total of 1,350,000 shares. Based on an average daily volume of 587,800 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.3% of the company's shares are sold short.
View Veris Residential's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our VRE earnings forecast.

Veris Residential, Inc. (NYSE:VRE) posted its quarterly earnings results on Wednesday, May, 4th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by $0.27. Veris Residential had a negative net margin of 37.28% and a negative trailing twelve-month return on equity of 8.68%. During the same quarter last year, the business earned $0.18 earnings per share.

Veris Residential declared a Variable dividend on Wednesday, July 26th. Stockholders of record on Saturday, September 30th will be paid a dividend of $0.05 per share on Tuesday, October 10th. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for VRE.

ETFs with the largest weight of Veris Residential (NYSE:VRE) stock in their portfolio include Kelly Residential & Apartment Real Estate ETF (RESI), Residential REIT ETF (HAUS), Private Real Estate Strategy via Liquid REITs ETF (PRVT) and Etho Climate Leadership US ETF (ETHO).iShares Residential and Multisector Real Estate ETF (REZ).

Veris Residential trades on the New York Stock Exchange (NYSE) under the ticker symbol "VRE."

Veris Residential's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.78%), State Street Corp (5.48%), Long Pond Capital LP (3.42%), JPMorgan Chase & Co. (2.11%), Geode Capital Management LLC (1.85%) and Charles Schwab Investment Management Inc. (1.52%). Insiders that own company stock include A Akiva Katz and Mahbod Nia.
View institutional ownership trends.

Shares of VRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VRE stock can currently be purchased for approximately $16.61.

Veris Residential (NYSE:VRE) has a market capitalization of $1.53 billion and generates $355.02 million in revenue each year. The company earns $-52,070,000.00 in net income (profit) each year or ($1.32) on an earnings per share basis.

The company employs 215 workers across the globe.

Veris Residential's mailing address is HARBORSIDE 3 210 HUDSON ST. SUITE. 400, JERSEY CITY NJ, 07311. The official website for the company is www.mack-cali.com. The company can be reached via phone at (732) 590-1010, via email at investorrelations@mack-cali.com, or via fax at 732-205-8237.