Veris Residential (VRE) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Veris Residential in the last year. 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.
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3 analysts have issued twelve-month target prices for Veris Residential's shares. Their VRE share price targets range from $14.00 to $19.00. On average, they predict the company's stock price to reach $17.00 in the next twelve months. This suggests a possible upside of 17.8% from the stock's current price.
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Veris Residential's stock was trading at $15.73 at the beginning of 2024. Since then, VRE shares have decreased by 8.3% and is now trading at $14.43.
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Veris Residential saw a drop in short interest in March. As of March 31st, there was short interest totaling 3,120,000 shares, a drop of 27.4% from the March 15th total of 4,300,000 shares. Based on an average trading volume of 675,500 shares, the days-to-cover ratio is presently 4.6 days. Currently, 4.0% of the shares of the stock are short sold.
View Veris Residential's Short Interest.

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

Veris Residential will be holding an earnings conference call on Thursday, April 25th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

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

Veris Residential declared a quarterly dividend on Thursday, February 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Tuesday, April 2nd.
Read our dividend analysis for VRE.

Veris Residential (NYSE:VRE) pays an annual dividend of $0.21 per share and currently has a dividend yield of 1.48%.
Read our dividend analysis for VRE.

ETFs with the largest weight of Veris Residential (NYSE:VRE) stock in their portfolio include Residential REIT ETF (HAUS), Kelly Residential & Apartment Real Estate ETF (RESI), Nuveen Short-Term REIT ETF (NURE) and Intelligent Real Estate ETF (PRVT).iShares Residential and Multisector Real Estate ETF (REZ).

Veris Residential updated 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 -.

Veris Residential's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hazelview Securities Inc. (0.20%), Sumitomo Mitsui Trust Holdings Inc. (0.09%), Vert Asset Management LLC (0.03%), Perpetual Ltd (0.03%) and Allspring Global Investments Holdings LLC (0.00%). Insiders that own company stock include A Akiva Katz and Mahbod Nia.
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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.
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