Veris Residential (NYSE:VRE – Get Rating) had its price objective cut by Truist Financial from $15.00 to $13.00 in a report published on Friday morning, Stock Target Advisor reports. They currently have a hold rating on the stock.
Separately, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Veris Residential from $20.00 to $18.00 and set a hold rating on the stock in a research note on Thursday, March 24th.
Veris Residential stock opened at $13.88 on Friday. The company has a 50 day moving average of $15.30. The stock has a market cap of $1.26 billion, a P/E ratio of -8.73, a price-to-earnings-growth ratio of 3.00 and a beta of 1.01. Veris Residential has a 1 year low of $13.42 and a 1 year high of $19.90. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.52.
Veris Residential (NYSE:VRE – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the company earned $0.18 earnings per share. As a group, equities research analysts forecast that Veris Residential will post 0.56 earnings per share for the current year.
Veris Residential Company Profile (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.
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Source: defenseworld.net
