At the time of writing, Veris Residential Inc [VRE] stock is trading at $14.62, down -3.63%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The VRE shares have gain 0.83% over the last week, with a monthly amount drifted -3.69%, and not seem to be holding up well over a long-time horizon.
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On 29, February 2024, Veris Residential Declares Quarterly Cash Dividend. In a post published today on Yahoo Finance, Veris Residential, Inc. (NYSE: VRE) (“Veris Residential” or the “Company”), a forward-thinking, environmentally and socially conscious REIT that primarily owns, operates, acquires and develops Class A multifamily properties, today announced that the Company`s Board of Directors has declared a cash dividend on its common stock for the first quarter 2024 in the amount of $0.0525 for the period ending March 31, 2024. The dividend will be paid on April 16, 2024 to shareholders of record as of April 3, 2024.
From an analyst’s perspective:
Previously, Evercore ISI upgraded its rating to Outperform on July 27, 2023, and elevated its price target to $19. On May 16, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $19 on the stock. BofA Securities upgraded its rating to a Neutral and increased its price target to $18 on November 14, 2022.
For the past year, the stock price of Veris Residential Inc fluctuated between $13.06 and $18.98. Veris Residential Inc [NYSE: VRE] shares were valued at $14.62 at the most recent close of the market.
Analyzing the VRE fundamentals
According to Veris Residential Inc [NYSE:VRE], the company’s sales were 280.05M for trailing twelve months, which represents an -15.41% plunge. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.56%, and Net Profit Margin reading is -0.4%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.1 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.91.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 14.48 points at the first support level, and at 14.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.78, and for the 2nd resistance point, it is at 14.95.
Veris Residential Inc [VRE] reported earnings per share of -$0.06 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.11/share, meaning a difference of $0.05 and a surprise factor of 45.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.6 per share as compared to estimates of -$0.12 per share, a difference of -$0.48 representing a surprise of -400.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.81, the price to book ratio is 1.19.
Transactions by insiders
Recent insider trading involved KATZ A. AKIVA, Director, that happened on Aug 31 ’23 when 10607.0 shares were sold. Director, KATZ A. AKIVA completed a deal on Aug 30 ’23 to sell 100000.0 shares.
