Veris Residential (NYSE:VRE - Get Free Report) will likely be posting its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect Veris Residential to post earnings of $0.12 per share and revenue of $66.81 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.
Veris Residential Price Performance
NYSE VRE traded up $0.06 during trading hours on Thursday, reaching $15.67. The company's stock had a trading volume of 436,199 shares, compared to its average volume of 346,985. The stock has a market cap of $1.46 billion, a PE ratio of -92.14, a PEG ratio of 2.54 and a beta of 1.27. Veris Residential has a fifty-two week low of $13.84 and a fifty-two week high of $18.85. The company's 50-day moving average is $16.19 and its two-hundred day moving average is $16.95. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.73 and a current ratio of 0.73.
Analyst Upgrades and Downgrades
Several research firms have issued reports on VRE. Bank of America raised shares of Veris Residential from a "neutral" rating to a "buy" rating and raised their price target for the stock from $20.00 to $23.00 in a research note on Tuesday, November 12th. JPMorgan Chase & Co. raised shares of Veris Residential from an "underweight" rating to a "neutral" rating and raised their target price for the stock from $14.00 to $17.00 in a research report on Tuesday, December 17th.
Read Our Latest Stock Analysis on VRE
Veris Residential Company Profile
(
Get Free Report)
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.
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