NYSE:VRE

Veris Residential (VRE) Stock Price, News & Analysis

$14.54
-0.11 (-0.75%)
(As of 04/26/2024 ET)
Today's Range
$14.50
$14.88
50-Day Range
$13.97
$15.67
52-Week Range
$13.06
$18.98
Volume
502,156 shs
Average Volume
681,588 shs
Market Capitalization
$1.34 billion
P/E Ratio
N/A
Dividend Yield
1.44%
Price Target
$17.00

Veris Residential MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
16.9% Upside
$17.00 Price Target
Short Interest
Bearish
5.34% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.09mentions of Veris Residential in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.55%
From $0.53 to $0.57 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.

1.33 out of 5 stars

Finance Sector

725th out of 851 stocks

Real Estate Investment Trusts Industry

154th out of 174 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 principle; 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

Protect Yourself While There’s Still Time …
The next step of the Fed's control is here. Section 702 of the Foreign Intelligence Surveillance Act was renewed for two more years and passed into law earlier this week. Allowing the Fed to tighten its grip on your personal privacy and freedom.
Veris Residential reports Q1 results
Protect Yourself While There’s Still Time …
The next step of the Fed's control is here. Section 702 of the Foreign Intelligence Surveillance Act was renewed for two more years and passed into law earlier this week. Allowing the Fed to tighten its grip on your personal privacy and freedom.
Veris Residential (VRE) Scheduled to Post Earnings on Wednesday
Veris Residential Declares Quarterly Cash Dividend
Veris Residential Declares Quarterly Cash Dividend
See More Headlines
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Company Calendar

Last Earnings
5/04/2022
Ex-Dividend for 4/16 Dividend
4/02/2024
Dividend Payable
4/16/2024
Today
4/26/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Employees
197
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$17.00
High Stock Price Target
$19.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+16.9%
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
$13.88 per share

Miscellaneous

Free Float
78,395,000
Market Cap
$1.34 billion
Optionable
Optionable
Beta
1.23
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Key Executives

  • Mr. Mahbod Nia (Age 48)
    CEO & Director
    Comp: $2.88M
  • Ms. Amanda E. Lombard CPA (Age 39)
    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 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 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 equities research analysts have issued twelve-month price objectives for Veris Residential's stock. Their VRE share price targets range from $14.00 to $19.00. On average, they predict the company's share price to reach $17.00 in the next year. This suggests a possible upside of 16.9% 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 on January 1st, 2024. Since then, VRE shares have decreased by 7.6% and is now trading at $14.54.
View the best growth stocks for 2024 here
.

Are investors shorting Veris Residential?

Veris Residential saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 4,150,000 shares, an increase of 33.0% from the March 31st total of 3,120,000 shares. Based on an average trading volume of 600,000 shares, the short-interest ratio is presently 6.9 days. Approximately 5.3% of the shares of the stock are sold short.
View Veris Residential's Short Interest
.

When is Veris Residential's next earnings date?

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

How were Veris Residential's earnings last quarter?

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 trailing twelve-month return on equity of 10.35% and a negative net margin of 32.51%. During the same quarter in the prior year, the firm earned $0.18 earnings per share.

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

Veris Residential declared a quarterly dividend on Thursday, February 29th. Shareholders of record on Wednesday, April 3rd will be paid a dividend of $0.052 per share on Tuesday, April 16th. This represents a $0.21 annualized dividend and a yield of 1.43%. The ex-dividend date is Tuesday, April 2nd.
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 1.39%.
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 updated its FY 2024 earnings guidance on Wednesday, April, 24th. The company provided EPS guidance of 0.500-0.540 for the period, compared to the consensus earnings per share estimate of 0.540. The company issued revenue guidance of -.

Who are Veris Residential's major shareholders?

Veris Residential's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hazelview Securities Inc. (0.20%), New York State Teachers Retirement System (0.11%), Sumitomo Mitsui Trust Holdings Inc. (0.09%), Yousif Capital Management LLC (0.04%), Vert Asset Management LLC (0.03%) and Perpetual Ltd (0.03%). 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 4/27/2024 by MarketBeat.com Staff

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