Veris Residential (NYSE:VRE) Updates FY 2025 Earnings Guidance

Veris Residential (NYSE:VRE) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.610-0.630 for the period, compared to the consensus earnings per share estimate of 0.600. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Evercore ISI reissued an “in-line” rating and set a $18.00 price target (down previously from $20.00) on shares of Veris Residential in a report on Wednesday. JPMorgan Chase & Co. raised Veris Residential from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $14.00 to $17.00 in a research report on Tuesday, December 17th. Finally, Bank of America raised Veris Residential from a “neutral” rating to a “buy” rating and boosted their target price for the company from $20.00 to $23.00 in a report on Tuesday, November 12th.

Veris Residential Trading Up 1.4 %

Shares of Veris Residential stock opened at $16.22 on Wednesday. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -95.38, a price-to-earnings-growth ratio of 2.50 and a beta of 1.27. Veris Residential has a 52-week low of $13.84 and a 52-week high of $18.85. The company’s 50-day simple moving average is $16.06 and its 200-day simple moving average is $16.97. 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 (NYSE:VRE) last released its earnings results on Monday, February 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $68.08 million for the quarter, compared to analyst estimates of $66.98 million. Veris Residential had a negative return on equity of 4.97% and a negative net margin of 5.70%. As a group, equities research analysts anticipate that Veris Residential will post 0.61 earnings per share for the current year.

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.