Veris Residential (NYSE:VRE) Releases Earnings Results, Misses Expectations By $0.01 EPS

Veris Residential (NYSE:VRE) issued its quarterly earnings results on Monday. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01), Zacks reports. Veris Residential had a negative return on equity of 4.97% and a negative net margin of 5.70%. Veris Residential updated its FY 2025 guidance to 0.610-0.630 EPS.

Veris Residential Stock Performance

NYSE VRE traded up $0.36 during trading hours on Monday, reaching $16.02. The stock had a trading volume of 740,188 shares, compared to its average volume of 359,853. The stock has a fifty day moving average of $16.11 and a 200 day moving average of $16.96. The stock has a market cap of $1.49 billion, a P/E ratio of -94.23, 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 has a debt-to-equity ratio of 1.34, a quick ratio of 0.73 and a current ratio of 0.73.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on VRE shares. JPMorgan Chase & Co. upgraded Veris Residential from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $14.00 to $17.00 in a research note on Tuesday, December 17th. Bank of America upgraded Veris Residential from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $20.00 to $23.00 in a research note on Tuesday, November 12th.

Veris Residential Company Profile

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.