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NYSE:VRE

Veris Residential (VRE) Stock Price, News & Analysis

$14.85
+0.25 (+1.71%)
(As of 03/1/2024 ET)
Today's Range
$14.43
$14.88
50-Day Range
$14.53
$15.94
52-Week Range
$13.06
$18.98
Volume
516,398 shs
Average Volume
831,843 shs
Market Capitalization
$1.37 billion
P/E Ratio
N/A
Dividend Yield
1.41%
Price Target
$17.67

Veris Residential MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
19.0% Upside
$17.67 Price Target
Short Interest
Bearish
5.50% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.04mentions of Veris Residential in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
23.08%
From $0.52 to $0.64 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.76 out of 5 stars

Finance Sector

549th out of 858 stocks

Real Estate Investment Trusts Industry

120th out of 175 stocks


VRE stock logo

About Veris Residential Stock (NYSE:VRE)

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. The company is guided by an experienced management team and Board of Directors and is underpinned by leading corporate governance principles, a best-in-class and sustainable approach to operations, and an inclusive culture based on equality and meritocratic empowerment.

VRE Stock Price History

VRE Stock News Headlines

Veris Residential Declares Quarterly Cash Dividend
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Veris Residential Declares Quarterly Cash Dividend
Veris Residential (VRE) Receives a Hold from Truist Financial
Veris: Q2 Earnings Snapshot
See More Headlines
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Company Calendar

Last Earnings
5/04/2022
Ex-Dividend for 1/10 Dividend
12/28/2023
Dividend Payable
1/10/2024
Today
3/01/2024
Next Earnings (Estimated)
4/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Employees
215
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.67
High Stock Price Target
$19.00
Low Stock Price Target
$16.00
Potential Upside/Downside
+19.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$-107,260,000.00
Pretax Margin
-55.99%

Debt

Sales & Book Value

Annual Sales
$279.86 million
Book Value
$13.87 per share

Miscellaneous

Free Float
78,395,000
Market Cap
$1.37 billion
Optionable
Optionable
Beta
1.25
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Key Executives

  • Mr. Mahbod Nia (Age 48)
    CEO & Director
    Comp: $2.88M
  • Ms. Amanda E. Lombard CPA (Age 40)
    Chief Financial Officer
    Comp: $1.25M
  • Ms. Anna Malhari (Age 38)
    Executive VP & COO
    Comp: $954.69k
  • Mr. Jeffrey S. Turkanis (Age 42)
    Executive VP & Chief Investment Officer
    Comp: $1.15M
  • Ms. Taryn D. Fielder (Age 46)
    General Counsel & Secretary
    Comp: $973.69k
  • Ms. Cindy Mai
    SVP & Chief Accounting Officer
  • Giacomo Mascillaro
    Senior VP, Chief Information Officer & CTO
  • Ms. Nicole Jones
    Senior Vice President of Marketing & Communications
  • Ms. Lori Jean Milo
    Senior Vice President of Human Resource
  • Ms. Susan Epstein
    Senior Vice President of Legal














VRE Stock Analysis - Frequently Asked Questions

Should I buy or sell Veris Residential stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Veris Residential in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" VRE shares.
View VRE analyst ratings
or view top-rated stocks.

What is Veris Residential's stock price target for 2024?

3 Wall Street analysts have issued twelve-month price targets for Veris Residential's shares. Their VRE share price targets range from $16.00 to $19.00. On average, they expect the company's stock price to reach $17.67 in the next twelve months. This suggests a possible upside of 19.0% from the stock's current price.
View analysts price targets for VRE
or view top-rated stocks among Wall Street analysts.

How have VRE shares performed in 2024?

Veris Residential's stock was trading at $15.73 at the start of the year. Since then, VRE stock has decreased by 5.6% and is now trading at $14.85.
View the best growth stocks for 2024 here
.

When is Veris Residential's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our VRE earnings forecast
.

How were Veris Residential's earnings last quarter?

Veris Residential, Inc. (NYSE:VRE) announced its earnings results on Wednesday, May, 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by $0.27. Veris Residential had a negative net margin of 38.30% and a negative trailing twelve-month return on equity of 11.53%. During the same period last year, the firm earned $0.18 EPS.

How often does Veris Residential pay dividends? What is the dividend yield for Veris Residential?

Veris Residential declared a quarterly dividend on Monday, December 18th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.052 per share on Wednesday, January 10th. This represents a $0.21 annualized dividend and a yield of 1.40%. The ex-dividend date is Thursday, December 28th. This is a boost from the stock's previous quarterly dividend of $0.05.
Read our dividend analysis for VRE
.

Is Veris Residential a good dividend stock?

Veris Residential (NYSE:VRE) pays an annual dividend of $0.21 per share and currently has a dividend yield of 1.45%.
Read our dividend analysis for VRE.

What ETFs hold Veris Residential's stock?
What guidance has Veris Residential issued on next quarter's earnings?

Veris Residential issued an update on its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share (EPS) guidance of 0.480-0.530 for the period, compared to the consensus EPS estimate of 0.590. The company issued revenue guidance of -.

Who are Veris Residential's major shareholders?

Veris Residential's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (13.39%), H 2 Credit Manager LP (4.66%), Balyasny Asset Management L.P. (1.87%), Aew Capital Management L P (1.69%), Charles Schwab Investment Management Inc. (1.50%) and Northern Trust Corp (1.21%). Insiders that own company stock include A Akiva Katz and Mahbod Nia.
View institutional ownership trends
.

How do I buy shares of Veris Residential?

Shares of VRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:VRE) was last updated on 3/1/2024 by MarketBeat.com Staff