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After finishing at $16.03 in the prior trading day, Veris Residential Inc (NYSE: VRE) closed at $15.64, down -2.43%. In other words, the price has decreased by -$2.43 from its previous closing price. On the day, 0.71 million shares were traded. VRE stock price reached its highest trading level at $15.87 during the session, while it also had its lowest trading level at $15.64.
Ratios:
Our goal is to gain a better understanding of VRE by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 44.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.91. In the meantime, Its Debt-to-Equity ratio is 1.51 whereas as Long-Term Debt/Eq ratio is at 1.51.
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, JP Morgan on December 17, 2024, Upgraded its rating to Neutral and sets its target price to $17 from $14 previously.
On November 12, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $20 to $23.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 20 ’24 when Nia Mahbod bought 35,000 shares for $14.32 per share. The transaction valued at 501,347 led to the insider holds 380,869 shares of the business.
Lietz Nori Gerardo bought 10,000 shares of VRE for $143,100 on Jun 20 ’24. The Director now owns 39,687 shares after completing the transaction at $14.31 per share.
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 1724622848 and an Enterprise Value of 3269212160. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.27 while its Price-to-Book (P/B) ratio in mrq is 1.30. Its current Enterprise Value per Revenue stands at 11.144 whereas that against EBITDA is 25.66.
Stock Price History:
The Beta on a monthly basis for VRE is 1.26, which has changed by 0.0077319145 over the last 52 weeks, in comparison to a change of 0.24359846 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 $13.84. The 50-Day Moving Average of the stock is -9.01%, while the 200-Day Moving Average is calculated to be -4.07%.
Shares Statistics:
The stock has traded on average 430.28K shares per day over the past 3-months and 374150 shares per day over the last 10 days, according to various share statistics. A total of 92.90M shares are outstanding, with a floating share count of 90.24M. Insiders hold about 2.87% of the company’s shares, while institutions hold 95.98% stake in the company. Shares short for VRE as of 1735603200 were 1805737 with a Short Ratio of 4.20, compared to 1732838400 on 3926317. Therefore, it implies a Short% of Shares Outstanding of 1805737 and a Short% of Float of 3.42.
Dividends & Splits
In the trailing 12 months, VRE’s forward annual dividend rate was 0.235, compared to 0.26 this year. Against a Trailing Annual Dividend Yield of 0.014660012The stock’s 5-year Average Dividend Yield is 3.55.
