Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, Veris Residential Inc’s stock clocked out at $16.23, up 2.14% from its previous closing price of $15.89. In other words, the price has increased by $2.14 from its previous closing price. On the day, 0.75 million shares were traded. VRE stock price reached its highest trading level at $16.289 during the session, while it also had its lowest trading level at $16.025.
Ratios:
To gain a deeper understanding of VRE’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 50.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.52. For the most recent quarter (mrq), Quick Ratio is recorded 4.41 and its Current Ratio is at 4.41. In the meantime, Its Debt-to-Equity ratio is 1.65 whereas as Long-Term Debt/Eq ratio is at 1.64.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Evercore ISI on February 26, 2025, Downgraded its rating to In-line and sets its target price to $18 from $20 previously.
On December 17, 2024, JP Morgan Upgraded its rating to Neutral which previously was Underweight and also upped its target price recommendation from $14 to $17. BofA Securities Upgraded its Neutral to Buy on November 12, 2024, whereas the target price for the stock was revised from $20 to $23.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VRE now has a Market Capitalization of 1796044160 and an Enterprise Value of 3432001280. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.42 while its Price-to-Book (P/B) ratio in mrq is 1.40. Its current Enterprise Value per Revenue stands at 12.014 whereas that against EBITDA is 25.07.
Stock Price History:
The Beta on a monthly basis for VRE is 1.37, which has changed by -0.05309218 over the last 52 weeks, in comparison to a change of 0.18469036 over the same period for the S&P500. Over the past 52 weeks, VRE has reached a high of $18.85, while it has fallen to a 52-week low of $13.69. The 50-Day Moving Average of the stock is 10.84%, while the 200-Day Moving Average is calculated to be 2.94%.
Shares Statistics:
It appears that VRE traded 537.66K shares on average per day over the past three months and 841680 shares per day over the past ten days. A total of 93.42M shares are outstanding, with a floating share count of 90.63M. Insiders hold about 2.99% of the company’s shares, while institutions hold 96.09% stake in the company. Shares short for VRE as of 1755216000 were 3420244 with a Short Ratio of 6.36, compared to 1752537600 on 3295553. Therefore, it implies a Short% of Shares Outstanding of 3420244 and a Short% of Float of 6.65.
Dividends & Splits
With its trailing 12-month dividend rate of 0.31, VRE has a forward annual dividend rate of 0.24. Against a Trailing Annual Dividend Yield of 0.019509126The stock’s 5-year Average Dividend Yield is 3.55.
Earnings Estimates
The current rating of Veris Residential Inc (VRE) reflects the combined expertise of 3.0 analysts actively engaged in assessing its market performance.The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.05 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.1 and -$0.3 for the fiscal current year, implying an average EPS of -$0.18. EPS for the following year is -$0.15, with 3.0 analysts recommending between -$0.12 and -$0.19.
Revenue Estimates
In the current quarter, 3 analysts expect revenue to total $73.32M. It ranges from a high estimate of $76.27M to a low estimate of $70.15M. As of the current estimate, Veris Residential Inc’s year-ago sales were $68.17MFor the next quarter, 3 analysts are estimating revenue of $73.27M. There is a high estimate of $77.04M for the next quarter, whereas the lowest estimate is $70.52M.
A total of 5 analysts have provided revenue estimates for VRE’s current fiscal year. The highest revenue estimate was $298.49M, while the lowest revenue estimate was $280.11M, resulting in an average revenue estimate of $292.49M. In the same quarter a year ago, actual revenue was $271.07MBased on 5 analysts’ estimates, the company’s revenue will be $300.5M in the next fiscal year. The high estimate is $320.25M and the low estimate is $282.49M.
