Veris Residential (VRE) to Release Quarterly Earnings on Monday

Veris Residential (NYSE:VRE) will likely be issuing its quarterly earnings data after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $66.81 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Veris Residential Price Performance

VRE stock opened at $15.63 on Friday. The company’s 50-day moving average price is $16.11 and its two-hundred day moving average price is $16.95. The firm has a market cap of $1.45 billion, a P/E ratio of -91.94, a P/E/G ratio of 2.50 and a beta of 1.27. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. Veris Residential has a 12 month low of $13.84 and a 12 month high of $18.85.

Wall Street Analyst Weigh In

Several analysts have recently commented on VRE shares. Bank of America upgraded shares of Veris Residential from a “neutral” rating to a “buy” rating and increased their target price for the company from $20.00 to $23.00 in a report on Tuesday, November 12th. JPMorgan Chase & Co. upgraded shares of Veris Residential from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $14.00 to $17.00 in a report on Tuesday, December 17th.

About Veris Residential

Veris Residential, Inc is a forward-thinking, environmentally and socially conscious real estate investment trust (REIT) that primarily owns, operates, acquires and develops holistically-inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today’s residents while seeking to positively impact the communities it serves and the planet at large.