Veris Residential Inc (VRE)’s financial ratios: A comprehensive overview

After finishing at $14.71 in the prior trading day, Veris Residential Inc (NYSE: VRE) closed at $14.53, down -1.22%. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 655868 shares were traded.

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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 32.78 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 63.63. 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:

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 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 1.34B and an Enterprise Value of 3.17B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.57 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 11.31 whereas that against EBITDA is 41.64.

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 15.38, while the 200-Day Moving Average is calculated to be 16.12.

Shares Statistics:

The stock has traded on average 857.14K shares per day over the past 3-months and 796.14k shares per day over the last 10 days, according to various share statistics. 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 Feb 15, 2024 were 4.28M with a Short Ratio of 4.99, compared to 4.17M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.64% and a Short% of Float of 5.35%.

Dividends & Splits

In the trailing 12 months, VRE’s forward annual dividend rate was 0.10, compared to 0.10 this year. The stock’s 5-year Average Dividend Yield is 3.55.

Earnings Estimates

Its stock is currently analyzed by 1 different market 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

4 analysts predict $69.37M in revenue for the current quarter. 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.

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