Veris Residential (NYSE:VRE) Sees Large Volume Increase Following Strong Earnings

Shares of Veris Residential, Inc. (NYSE:VRE) saw unusually-high trading volume on Tuesday after the company announced better than expected quarterly earnings. Approximately 4,042,354 shares changed hands during mid-day trading, an increase of 208% from the previous session’s volume of 1,314,187 shares.The stock last traded at $18.8050 and had previously closed at $18.81.

The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. Veris Residential had a net margin of 26.08% and a return on equity of 5.77%. The business had revenue of $71.31 million for the quarter, compared to analyst estimates of $70.85 million.

Key Veris Residential News

Here are the key news stories impacting Veris Residential this week:

• Positive Sentiment: All-cash acquisition agreed at $19.00 per share (implied EV ~$3.4B) — the transaction provides immediate cash value to shareholders and is the main driver of the stock move. Veris Residential to Be Acquired by Affinius Capital-Led Investor Consortium for $3.4 Billion in Cash
• Positive Sentiment: Q4 results and FFO topped estimates (FFO $0.19 vs. consensus $0.16; revenue slightly above estimates), supporting the company’s valuation and bolstering rationale for the cash offer. Veris Residential (VRE) Q4 FFO and Revenues Top Estimates
• Neutral Sentiment: Widespread media coverage (Investing/MSN and others) is amplifying both the deal and its market impact; outlets emphasize the take-private nature and implied valuation. Veris Residential stock surges on $3.4 billion sale agreement
• Negative Sentiment: Multiple shareholder law firms have opened investigations and threatened litigation (Kahn Swick & Foti, Monteverde & Associates, Ademi LLP, Halper Sadeh, etc.) alleging the $19 price/process may be inadequate — these actions can delay closing, increase deal costs, or push for a higher bid. Kahn Swick & Foti investor alert Monteverde & Associates alert Ademi LLP alert Halper Sadeh alert

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Veris Residential from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Veris Residential in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $18.67.

Institutional Investors Weigh In On Veris Residential

Large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in shares of Veris Residential by 71.1% during the 4th quarter. GAMMA Investing LLC now owns 1,954 shares of the company’s stock valued at $29,000 after purchasing an additional 812 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Veris Residential by 720.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,132 shares of the company’s stock worth $32,000 after buying an additional 1,872 shares during the period. Covestor Ltd lifted its stake in Veris Residential by 29.0% in the third quarter. Covestor Ltd now owns 3,270 shares of the company’s stock valued at $49,000 after buying an additional 736 shares in the last quarter. Quarry LP lifted its stake in Veris Residential by 746.6% in the third quarter. Quarry LP now owns 4,326 shares of the company’s stock valued at $66,000 after buying an additional 3,815 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec boosted its holdings in shares of Veris Residential by 21.8% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 6,030 shares of the company’s stock valued at $90,000 after buying an additional 1,078 shares during the period. 93.04% of the stock is currently owned by institutional investors.

Veris Residential Price Performance

The company has a debt-to-equity ratio of 1.13, a current ratio of 0.53 and a quick ratio of 0.53. The company’s 50-day moving average price is $15.45 and its 200-day moving average price is $15.12. The company has a market cap of $1.76 billion, a P/E ratio of 23.52, a P/E/G ratio of 2.91 and a beta of 1.26.

Veris Residential Company Profile

Veris Residential, Inc (NYSE: VRE) is a publicly traded real estate investment trust that focuses on the acquisition, development, ownership and management of high-quality, Class A multifamily residential communities. As a pure-play residential REIT, Veris Residential offers a range of apartment homes designed to appeal to both urban and suburban renters seeking modern living spaces enhanced with amenities and services.

The company’s portfolio consists of contemporary apartment buildings that feature studio, one-, two- and three-bedroom floor plans.