Should I buy or sell Veris Residential stock right now?

3 Wall Street 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 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 Wall Street research analysts have issued 1-year target prices for Veris Residential's stock. Their VRE share price targets range from $14.00 to $19.00. On average, they expect the company's stock price to reach $17.00 in the next year. This suggests a possible upside of 20.0% 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 stock has decreased by 9.9% and is now trading at $14.17. View the best growth stocks for 2024 here .

Are investors shorting Veris Residential?

Veris Residential saw a drop in short interest in the month of 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 daily volume of 675,500 shares, the days-to-cover ratio is currently 4.6 days. Currently, 4.0% of the shares of the company 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, April 24th 2024. View our VRE earnings forecast .

How can I listen to Veris Residential's earnings call?

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 .

How were Veris Residential's earnings last quarter?

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

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 given 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 1.47%. 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 1.50%. Read our dividend analysis for VRE .

What ETFs hold Veris Residential's stock?

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) , Intelligent Real Estate ETF (PRVT) and Amplify Etho Climate Leadership U.S. ETF (ETHO) . iShares Residential and Multisector Real Estate ETF (REZ) .

What guidance has Veris Residential issued on next quarter's earnings?

Veris Residential issued an update on its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of 0.480-0.530 for the period, compared to the consensus estimate of 0.590. The company issued revenue guidance of -.

Who are Veris Residential's major shareholders?

Veris Residential's stock is owned by a number of institutional and retail investors. Top institutional investors include Hazelview Securities Inc. (0.20%), 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. 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 .

NYSE:VRE

Veris Residential (VRE) Stock Price, News & Analysis

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Free VRE Stock Alerts

$14.17

+0.16 (+1.14%)

(As of 04/18/2024 ET)

Compare

Today's Range: $13.98
▼
$14.22
50-Day Range: $13.97
▼
$15.80
52-Week Range: $13.06
▼
$18.98

Volume: 522,256 shs
Average Volume: 683,367 shs
Market Capitalization: $1.31 billion

P/E Ratio: N/A
Dividend Yield: 1.48%
Price Target: $17.00

Get Veris Residential alerts:

Veris Residential MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 20.0% Upside
$17.00 Price Target
Short Interest: Healthy
4.02% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.62
Based on 3 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.

2.54 out of 5 stars

Finance Sector

567th out of 822 stocks

Real Estate Investment Trusts Industry

114th out of 176 stocks

2.3

Analyst's Opinion

Consensus Rating
Veris Residential has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Veris Residential has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
4.02% of the float of Veris Residential has been sold short.
Short Interest Ratio / Days to Cover
Veris Residential has a short interest ratio ("days to cover") of 4.6.
Change versus previous month
Short interest in Veris Residential has recently decreased by 27.44%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Veris Residential pays a meaningful dividend of 1.50%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Veris Residential does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Veris Residential will have a dividend payout ratio of 36.84% next year. This indicates that Veris Residential will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for VRE.

2.0

News and Social Media Coverage

News Sentiment
Veris Residential has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Veris Residential this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for VRE on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Veris Residential to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Veris Residential insiders have not sold or bought any company stock.
Percentage Held by Insiders
15.00% of the stock of Veris Residential is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
93.04% of the stock of Veris Residential is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Veris Residential are expected to grow by 7.55% in the coming year, from $0.53 to $0.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Veris Residential is -11.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Veris Residential is -11.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Veris Residential has a PEG Ratio of 2.69. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Veris Residential has a P/B Ratio of 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

VRE Stock News Headlines

April 17, 2024 | americanbankingnews.com

Veris Residential (VRE) Scheduled to Post Earnings on Wednesday

April 15, 2024 | finance.yahoo.com

Veris Residential, Inc. Announces Dates for First Quarter 2024 Financial Results and Webcast

April 18, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

April 10, 2024 | americanbankingnews.com

Veris Residential (NYSE:VRE) Price Target Lowered to $14.00 at Truist Financial

February 29, 2024 | prnewswire.com

Veris Residential Declares Quarterly Cash Dividend

February 22, 2024 | msn.com

Veris Residential beats top-line and bottom-line estimates; initiates FY24 outlook

February 22, 2024 | seekingalpha.com

Veris Residential, Inc. 2023 Q4 - Results - Earnings Call Presentation

February 21, 2024 | finance.yahoo.com

Veris Residential (VRE) Surpasses Q4 FFO and Revenue Estimates

April 18, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

February 21, 2024 | finance.yahoo.com

Veris Residential, Inc. Reports Fourth Quarter and Full Year 2023 Results

February 21, 2024 | prnewswire.com

Veris Residential, Inc. Reports Fourth Quarter and Full Year 2023 Results

February 21, 2024 | finance.yahoo.com

Veris Residential Inc (VRE) Reports Solid Growth in Core FFO and NOI for FY 2023

February 7, 2024 | finance.yahoo.com

Veris Residential, Inc. Announces Dates for Fourth Quarter 2023 Financial Results and Webcast

January 22, 2024 | finance.yahoo.com

Veris Residential Announces Tax Treatment of 2023 Distributions

January 1, 2024 | benzinga.com

Veris Residential Stock (NYSE:VRE) Dividends: History, Yield and Dates

December 18, 2023 | finance.yahoo.com

Veris Residential Declares Quarterly Cash Dividend

November 16, 2023 | finance.yahoo.com

Veris Residential Recognized as a Leader in ESG, DEI and Corporate Stewardship by Top Real Estate and Business Organizations

October 28, 2023 | insidermonkey.com

Veris Residential, Inc. (NYSE:VRE) Q3 2023 Earnings Call Transcript

October 26, 2023 | seekingalpha.com

Veris Residential, Inc. 2023 Q3 - Results - Earnings Call Presentation

October 25, 2023 | finance.yahoo.com

Veris Residential, Inc. Reports Third Quarter 2023 Results

October 13, 2023 | finance.yahoo.com

Veris Residential, Inc. Announces Dates for Third Quarter 2023 Financial Results and Webcast

October 2, 2023 | msn.com

Veris (VRE) Loses -10.13% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

September 12, 2023 | msn.com

Veris Residential: Newest Results Show An Improvement Of The Company's Operations (Upgrade)

August 29, 2023 | markets.businessinsider.com

Veris Residential (VRE) Receives a Hold from Truist Financial

August 18, 2023 | finance.yahoo.com

KUSHNER COMPANIES ISSUES STATEMENT REGARDING VERIS RESIDENTIAL

August 4, 2023 | finance.yahoo.com

Veris Residential Issues Clarification Regarding Scheduled Time for Second Quarter 2023 Earnings Conference Call

August 2, 2023 | msn.com

Veris Residential (VRE) Price Target Increased by 6.52% to 19.99

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: 4/18/2024
Next Earnings (Confirmed): 4/24/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: N/A
Current Symbol: NYSE:VRE
CUSIP: N/A
CIK: 924901
Web: www.mack-cali.com
Phone: (732) 590-1010
Fax: 732-205-8237
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: +20.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.23)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 26.74
P/E Growth: 2.69
Net Income: $-107,260,000.00
Net Margins: -38.30%
Pretax Margin: -55.99%
Return on Equity: -11.53%
Return on Assets: -4.32%

Debt

Debt-to-Equity Ratio: 1.45
Current Ratio: 1.01
Quick Ratio: 1.01

Sales & Book Value

Annual Sales: $279.86 million
Price / Sales: 4.67
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $13.88 per share
Price / Book: 1.02

Miscellaneous

Outstanding Shares: 92,230,000
Free Float: 78,395,000
Market Cap: $1.31 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

VRE Stock Analysis - Frequently Asked Questions

Should I buy or sell Veris Residential stock right now?: 3 Wall Street 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 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 Wall Street research analysts have issued 1-year target prices for Veris Residential's stock. Their VRE share price targets range from $14.00 to $19.00. On average, they expect the company's stock price to reach $17.00 in the next year. This suggests a possible upside of 20.0% 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 stock has decreased by 9.9% and is now trading at $14.17.
View the best growth stocks for 2024 here.
Are investors shorting Veris Residential?: Veris Residential saw a drop in short interest in the month of 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 daily volume of 675,500 shares, the days-to-cover ratio is currently 4.6 days. Currently, 4.0% of the shares of the company 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, April 24th 2024.
View our VRE earnings forecast.
How can I listen to Veris Residential's earnings call?: 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.
How were Veris Residential's earnings last quarter?: Veris Residential, Inc. (NYSE:VRE) announced its quarterly earnings data on Wednesday, May, 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by $0.27. Veris Residential had a negative net margin of 38.30% and a negative trailing twelve-month return on equity of 11.53%. During the same period last year, the company earned $0.18 EPS.

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 given 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 1.47%. 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 1.50%.
Read our dividend analysis for VRE.
What ETFs hold Veris Residential's stock?: 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), Intelligent Real Estate ETF (PRVT) and Amplify Etho Climate Leadership U.S. ETF (ETHO).iShares Residential and Multisector Real Estate ETF (REZ).
What guidance has Veris Residential issued on next quarter's earnings?: Veris Residential issued an update on its FY 2024 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of 0.480-0.530 for the period, compared to the consensus estimate of 0.590. The company issued revenue guidance of -.
Who are Veris Residential's major shareholders?: Veris Residential's stock is owned by a number of institutional and retail investors. Top institutional investors include Hazelview Securities Inc. (0.20%), 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.
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 4/18/2024 by MarketBeat.com Staff

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Veris Residential (VRE) Stock Price, News & Analysis

Veris Residential MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Veris Residential Stock (NYSE:VRE)

VRE Stock Price History

VRE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

VRE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™