The closing price of Veris Residential Inc (NYSE: VRE) was $14.71 for the day, down -0.34% from the previous closing price of $14.76. In other words, the price has decreased by -$0.05 from its previous closing price. On the day, 641953 shares were traded. VRE stock price reached its highest trading level at $14.89 during the session, while it also had its lowest trading level at $14.56.
Ratios:
Our analysis of VRE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 33.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 64.42. In the meantime, Its Debt-to-Equity ratio is 1.67 whereas as Long-Term Debt/Eq ratio is at 1.67.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 31 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. 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 1.36B and an Enterprise Value of 3.18B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.63 while its Price-to-Book (P/B) ratio in mrq is 1.18. Its current Enterprise Value per Revenue stands at 11.37 whereas that against EBITDA is 41.86.
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 15.39, while the 200-Day Moving Average is calculated to be 16.12.
Shares Statistics:
VRE traded an average of 855.55K shares per day over the past three months and 776.11k shares per day over the past ten days. A total of 91.14M shares are outstanding, with a floating share count of 77.82M. Insiders hold about 15.62% of the company’s shares, while institutions hold 99.33% stake in the company. Shares short for VRE as of Jan 31, 2024 were 4.11M with a Short Ratio of 4.81, compared to 2.95M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.46% and a Short% of Float of 5.15%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.10, VRE has a forward annual dividend rate of 0.10. The stock’s 5-year Average Dividend Yield is 3.55.
Earnings Estimates
The firm’s stock currently is rated by 1 analysts. On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.03, while EPS last year was -$0.27. The consensus estimate for the next quarter is -$0.02, with high estimates of -$0.02 and low estimates of -$0.02.
Analysts are recommending an EPS of between -$0.12 and -$0.35 for the fiscal current year, implying an average EPS of -$0.23. EPS for the following year is -$0.17, with 2 analysts recommending between -$0.11 and -$0.23.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $73.4M to a low estimate of $66.74M. As of the current estimate, Veris Residential Inc’s year-ago sales were $87.66M, an estimated decrease of -20.90% from the year-ago figure.
A total of 5 analysts have provided revenue estimates for VRE’s current fiscal year. The highest revenue estimate was $298.99M, while the lowest revenue estimate was $271.62M, resulting in an average revenue estimate of $286.28M. In the same quarter a year ago, actual revenue was $279.86M, up 2.30% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $297.57M in the next fiscal year. The high estimate is $311.26M and the low estimate is $282.54M. The average revenue growth estimate for next year is up 3.90% from the average revenue estimate for this year.
