The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
As of close of business last night, Veris Residential Inc’s stock clocked out at $14.65, down -2.79% from its previous closing price of $15.07. In other words, the price has decreased by -$2.79 from its previous closing price. On the day, 1.06 million shares were traded. VRE stock price reached its highest trading level at $15.215 during the session, while it also had its lowest trading level at $14.4.
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 9.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.09. In the meantime, Its Debt-to-Equity ratio is 1.64 whereas as Long-Term Debt/Eq ratio is at 1.36.
On July 27, 2023, Evercore ISI Upgraded its rating to Outperform which previously was In-line and also upped its target price recommendation from $18 to $19.
Deutsche Bank Upgraded its Hold to Buy on May 16, 2023, whereas the target price for the stock was revised from $15 to $19.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 31 ’23 when KATZ A. AKIVA sold 10,607 shares for $18.75 per share. The transaction valued at 198,881 led to the insider holds 5,195,930 shares of the business.
KATZ A. AKIVA sold 100,000 shares of VRE for $1,883,000 on Aug 30 ’23. The Director now owns 5,206,537 shares after completing the transaction at $18.83 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 1485114368 and an Enterprise Value of 3241555712. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.82 while its Price-to-Book (P/B) ratio in mrq is 1.20. Its current Enterprise Value per Revenue stands at 11.243 whereas that against EBITDA is 27.696.
Stock Price History:
Over the past 52 weeks, VRE has reached a high of $18.98, while it has fallen to a 52-week low of $13.06. The 50-Day Moving Average of the stock is -1.11%, while the 200-Day Moving Average is calculated to be -7.01%.
Shares Statistics:
It appears that VRE traded 598.43K shares on average per day over the past three months and 557050 shares per day over the past ten days. A total of 92.23M shares are outstanding, with a floating share count of 77.65M. Insiders hold about 15.81% of the company’s shares, while institutions hold 99.41% stake in the company. Shares short for VRE as of 1713139200 were 4148777 with a Short Ratio of 6.93, compared to 1710460800 on 4297876. Therefore, it implies a Short% of Shares Outstanding of 4148777 and a Short% of Float of 5.19.
Dividends & Splits
With its trailing 12-month dividend rate of 0.103, VRE has a forward annual dividend rate of 0.15. Against a Trailing Annual Dividend Yield of 0.006834771The stock’s 5-year Average Dividend Yield is 3.55.
