Veris Residential (NYSE:VRE – Get Rating) has been given a $15.00 price target by investment analysts at Truist Financial in a research report issued on Monday, Stock Target Advisor reports. Truist Financial’s price objective indicates a potential upside of 8.15% from the company’s previous close.
Separately, Deutsche Bank Aktiengesellschaft decreased their price target on Veris Residential from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, March 24th.
Shares of NYSE:VRE traded up $0.30 during trading on Monday, hitting $13.87. 23,138 shares of the company’s stock were exchanged, compared to its average volume of 547,067. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.08 and a current ratio of 1.08. Veris Residential has a 52-week low of $13.42 and a 52-week high of $19.90. The firm has a 50-day moving average of $15.57. The firm has a market capitalization of $1.26 billion, a P/E ratio of -8.72, a price-to-earnings-growth ratio of 3.04 and a beta of 1.01.
Veris Residential (NYSE:VRE – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.27). Veris Residential had a negative net margin of 38.53% and a negative return on equity of 9.63%. During the same period in the previous year, the firm posted $0.18 EPS. Research analysts expect that Veris Residential will post 0.56 EPS for the current fiscal year.
Lithium is the uncontested fuel of the green energy revolution. One little-known small-cap lithium mining company in a renowned South American location has started attracting interest from opportunity-minded investors.
About Veris Residential (Get Rating)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Veris Residential right now?
Before you consider Veris Residential, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Veris Residential wasn’t on the list.
While Veris Residential currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: marketbeat.com
