Veris Residential (NYSE:VRE – Get Rating) has been given a $15.00 price objective by research analysts at Truist Financial in a research report issued on Monday, Stock Target Advisor reports. Truist Financial’s price objective points to a potential upside of 8.15% from the stock’s current price.
Separately, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Veris Residential from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, March 24th.
NYSE:VRE traded up $0.30 during mid-day trading on Monday, reaching $13.87. The stock had a trading volume of 23,138 shares, compared to its average volume of 547,067. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.52. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -8.72, a price-to-earnings-growth ratio of 3.04 and a beta of 1.01. Veris Residential has a twelve month low of $13.42 and a twelve month high of $19.90. The firm’s 50 day moving average price is $15.57.
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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