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In the latest session, Veris Residential Inc (NYSE: VRE) closed at $16.47 down -2.08% from its previous closing price of $16.82. In other words, the price has decreased by -$2.08 from its previous closing price. On the day, 0.58 million shares were traded. VRE stock price reached its highest trading level at $17.3736 during the session, while it also had its lowest trading level at $16.47.
Ratios:
For a deeper understanding of Veris Residential Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 37.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.59. In the meantime, Its Debt-to-Equity ratio is 1.50 whereas as Long-Term Debt/Eq ratio is at 1.22.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 1713192832 and an Enterprise Value of 3340443392. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.48 while its Price-to-Book (P/B) ratio in mrq is 1.35. Its current Enterprise Value per Revenue stands at 11.722 whereas that against EBITDA is 27.134.
Stock Price History:
Over the past 52 weeks, VRE has reached a high of $18.18, while it has fallen to a 52-week low of $13.06. The 50-Day Moving Average of the stock is -5.35%, while the 200-Day Moving Average is calculated to be 4.66%.
Shares Statistics:
For the past three months, VRE has traded an average of 403.24K shares per day and 271620 over the past ten days. A total of 92.23M shares are outstanding, with a floating share count of 90.55M. Insiders hold about 2.53% of the company’s shares, while institutions hold 97.88% stake in the company. Shares short for VRE as of 1728950400 were 4018699 with a Short Ratio of 9.97, compared to 1726185600 on 4214351. Therefore, it implies a Short% of Shares Outstanding of 4018699 and a Short% of Float of 7.61.
Dividends & Splits
According to the company, the forward annual dividend rate for VRE is 0.23, from 0.053 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0031510107The stock’s 5-year Average Dividend Yield is 3.55.
