Veris Residential (NYSE:VRE) Sets New 1-Year High Following Better-Than-Expected Earnings

Veris Residential, Inc. (NYSE:VRE) shares hit a new 52-week high during trading on Monday following a better than expected earnings announcement. The company traded as high as $18.86 and last traded at $18.8550, with a volume of 1034533 shares traded. The stock had previously closed at $16.77.

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

Key Stories Impacting Veris Residential

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Covestor Ltd raised its holdings in shares of Veris Residential by 29.0% in the 3rd quarter. Covestor Ltd now owns 3,270 shares of the company’s stock valued at $49,000 after buying an additional 736 shares during the period. GAMMA Investing LLC grew its position in Veris Residential by 71.1% in the 4th quarter. GAMMA Investing LLC now owns 1,954 shares of the company’s stock valued at $29,000 after acquiring an additional 812 shares in the last quarter. Amalgamated Bank increased its stake in Veris Residential by 3.6% during the third quarter. Amalgamated Bank now owns 23,892 shares of the company’s stock worth $363,000 after purchasing an additional 827 shares during the period. Intech Investment Management LLC increased its stake in Veris Residential by 2.8% during the third quarter. Intech Investment Management LLC now owns 33,241 shares of the company’s stock worth $505,000 after purchasing an additional 905 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in shares of Veris Residential by 1.9% during the third quarter. Exchange Traded Concepts LLC now owns 49,743 shares of the company’s stock worth $756,000 after purchasing an additional 910 shares in the last quarter. 93.04% of the stock is currently owned by institutional investors and hedge funds.

Veris Residential Price Performance

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 quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.13. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 2.91 and a beta of 1.26.

About Veris Residential

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.