Veris Residential (VRE) Expected to Announce Earnings on Wednesday

Veris Residential (NYSE:VRE) is anticipated to release its 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.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Veris Residential (NYSE:VRE) last issued its earnings results on Monday, February 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The firm had revenue of $68.08 million during 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 Stock Down 0.1 %

Veris Residential stock opened at $15.23 on Wednesday. The business’s 50-day simple moving average is $16.11 and its two-hundred day simple moving average is $16.70. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $1.42 billion, a PE ratio of -89.57, a PEG ratio of 2.50 and a beta of 1.17. Veris Residential has a fifty-two week low of $13.84 and a fifty-two week high of $18.85.

Veris Residential Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were issued 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 2.10%. Veris Residential’s dividend payout ratio (DPR) is presently -133.33%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial upped their price objective on shares of Veris Residential from $16.00 to $17.00 and gave the company a “hold” rating in a report on Monday, March 10th. JPMorgan Chase & Co. raised shares of Veris Residential from an “underweight” rating to a “neutral” rating and upped their price target for the company from $14.00 to $17.00 in a report on Tuesday, December 17th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $18.00 price target (down from $20.00) on shares of Veris Residential in a research report on Wednesday, February 26th.

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.