Veris Residential (VRE) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $16.28 to $16.85
• 50-Day Range: $16.09 to $18.58
• 52-Week Range: $13.84 to $18.85
• Volume: 1.61 million shs
• Average Volume: 586,866 shs
• Market Capitalization: $1.52 billion
• P/E Ratio: N/A
• Dividend Yield: 1.95%
• Price Target: $18.25
• Consensus Rating: Moderate Buy

Veris Residential Stock Analysis - MarketRank™

Veris Residential scored higher than 38% of companies evaluated by MarketBeat, and ranked 733rd out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Veris Residential has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Veris Residential has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Earnings Growth

Earnings for Veris Residential are expected to remain at $0.59 per share in the coming year.

Price to Earnings Ratio vs. the Market

The P/E ratio of Veris Residential is -96.52, 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 -96.52, 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 2.91. 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 1.18. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.36% 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 9.6.

Change versus previous month

Short interest in Veris Residential has recently decreased by 0.76%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Veris Residential pays a meaningful dividend of 1.60%, 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 54.24% next year. This indicates that Veris Residential will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.36% 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 9.6.

Change versus previous month

Short interest in Veris Residential has recently decreased by 0.76%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.61

News Sentiment

Veris Residential has a news sentiment score of 0.61. 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 is a lower news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Veris Residential this week, compared to 2 articles on an average week.

MarketBeat Follows

3 people have added Veris Residential to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

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

16.00% 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.

VRE Stock Analysis - Frequently Asked Questions

How have VRE shares performed this year?

Veris Residential's stock was trading at $15.73 at the beginning of the year. Since then, VRE stock has increased by 4.3% and is now trading at $16.41.
View the best growth stocks for 2024 here.

How were Veris Residential's earnings last quarter?

Veris Residential, Inc. (NYSE:VRE) posted its earnings results on Wednesday, July, 24th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.13 by $0.11. The firm earned $67.48 million during the quarter, compared to the consensus estimate of $67.73 million. Veris Residential had a negative trailing twelve-month return on equity of 4.97% and a negative net margin of 5.70%.

Who are Veris Residential's major shareholders?

Top institutional investors of Veris Residential include State Street Corp (4.92%), Geode Capital Management LLC (2.15%), Charles Schwab Investment Management Inc. (1.58%) and Victory Capital Management Inc. (1.29%). Insiders that own company stock include Mahbod Nia and Nori Gerardo Lietz.
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.

What other stocks do shareholders of Veris Residential own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Veris Residential investors own include Tesla (TSLA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Meta Platforms (META), Netflix (NFLX) and Visa (V).

Company Calendar

• Last Earnings: 7/24/2024
• Ex-Dividend for 10/16 Dividend: 9/30/2024
• Dividend Payable: 10/16/2024
• Today: 12/21/2024
• Ex-Dividend for 1/10 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/10/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• 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: $18.25
• High Stock Price Target: $23.00
• Low Stock Price Target: $14.00
• Potential Upside/Downside: +11.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.17)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 27.81
• P/E Growth: 2.91
• Net Income: $-107,260,000.00
• Net Margins: -5.70%
• Pretax Margin: -24.56%
• Return on Equity: -4.97%
• Return on Assets: -2.02%

Debt

• Debt-to-Equity Ratio: 1.34
• Current Ratio: 0.73
• Quick Ratio: 0.73

Sales & Book Value

• Annual Sales: $289.57 million
• Price / Sales: 5.26
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $13.88 per share
• Price / Book: 1.18

Miscellaneous

• Outstanding Shares: 92,901,000
• Free Float: 78,037,000
• Market Cap: $1.52 billion
• Optionable: Optionable
• Beta: 1.27