Veris Residential (VRE) to Release Quarterly Earnings on Wednesday

Veris Residential (NYSE:VRE) will be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Veris Residential Stock Performance

Shares of VRE stock opened at $14.87 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.45. The business has a 50 day moving average of $14.83 and a two-hundred day moving average of $14.94. The company has a market cap of $1.37 billion, a P/E ratio of -12.09, a PEG ratio of 2.78 and a beta of 1.23. Veris Residential has a 52 week low of $13.06 and a 52 week high of $18.98.

Veris Residential Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Wednesday, April 3rd were paid a $0.052 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Tuesday, April 2nd. Veris Residential’s payout ratio is -17.07%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial dropped their price objective on shares of Veris Residential from $15.00 to $14.00 and set a “hold” rating on the stock in a report on Tuesday, April 9th.

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.