Veris Residential (VRE) Projected to Post Earnings on Wednesday

Veris Residential (NYSE:VRE - Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Wednesday, April 23rd. Analysts expect Veris Residential to post earnings of $0.14 per share and revenue of $69.24 million for the quarter. Veris Residential has set its FY 2025 guidance at 0.610-0.630 EPS.Parties that are interested in registering for the company's conference call can do so using this link.

Veris Residential (NYSE:VRE - Get Free Report) last issued its quarterly earnings results on Monday, February 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $68.08 million for the quarter, compared to analysts' expectations of $66.98 million. Veris Residential had a negative return on equity of 4.97% and a negative net margin of 5.70%. On average, analysts expect Veris Residential to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Veris Residential Price Performance

VRE traded up $0.52 during trading on Friday, reaching $15.83. 1,065,822 shares of the company were exchanged, compared to its average volume of 518,858. The company's 50-day moving average is $16.09 and its two-hundred day moving average is $16.68. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. Veris Residential has a 12-month low of $13.84 and a 12-month high of $18.85. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -93.12, a P/E/G ratio of 2.50 and a beta of 1.17.

Veris Residential Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were given a $0.08 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.32 annualized dividend and a yield of 2.02%. Veris Residential's dividend payout ratio (DPR) is presently -133.33%.

Analyst Upgrades and Downgrades

VRE has been the subject of a number of recent analyst reports. Evercore ISI reaffirmed an "in-line" rating and set a $18.00 price target (down previously from $20.00) on shares of Veris Residential in a research report on Wednesday, February 26th. Truist Financial boosted their price objective on Veris Residential from $16.00 to $17.00 and gave the company a "hold" rating in a research note on Monday, March 10th.

Veris Residential Company Profile

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.