Veris Residential (NYSE:VRE) PT Set at $15.00 by Truist Financial

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 (NYSE:VRE – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.27). Veris Residential had a negative net margin of 38.53% and a negative return on equity of 9.63%. During the same quarter last year, the company posted $0.18 earnings per share. On average, equities research analysts forecast that Veris Residential will post 0.56 earnings per share for the current year.

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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