Veris Residential (VRE) to Release Quarterly Earnings on Wednesday

Veris Residential (NYSE:VRE – Get Rating) is set to issue its quarterly earnings data after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

NYSE:VRE opened at $16.47 on Wednesday. The firm has a market cap of $1.50 billion, a PE ratio of -11.76, a P/E/G ratio of 2.51 and a beta of 1.03. The business’s 50 day moving average price is $17.02. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.90 and a current ratio of 0.90. Veris Residential has a 1-year low of $15.54 and a 1-year high of $19.90.

VRE has been the subject of several research reports. Deutsche Bank Aktiengesellschaft dropped their price target on Veris Residential from $20.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, March 24th. Zacks Investment Research raised Veris Residential from a “sell” rating to a “hold” rating in a report on Friday, April 1st.

Veris Residential Company Profile (Get Rating)

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.

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