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 (EPS) guidance of 0.610-0.630 for the period, compared to the consensus estimate of 0.600. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

VRE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upgraded Veris Residential from an “underweight” rating to a “neutral” rating and raised their target price for the company from $14.00 to $17.00 in a research note on Tuesday, December 17th. Bank of America upgraded shares of Veris Residential from a “neutral” rating to a “buy” rating and raised their target price for the stock from $20.00 to $23.00 in a report on Tuesday, November 12th.

Veris Residential Trading Up 2.3 %

Shares of VRE traded up $0.36 during mid-day trading on Monday, reaching $16.02. 740,188 shares of the company’s stock traded hands, compared to its average volume of 359,857. The stock’s 50-day moving average is $16.11 and its two-hundred day moving average is $16.96. The stock has a market cap of $1.49 billion, a P/E ratio of -94.23, a P/E/G ratio of 2.50 and a beta of 1.27. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.73. Veris Residential has a 12 month low of $13.84 and a 12 month high of $18.85.

Veris Residential (NYSE:VRE) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Veris Residential had a negative net margin of 5.70% and a negative return on equity of 4.97%. Research analysts forecast that Veris Residential will post 0.61 earnings per share for the current fiscal 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.