Veris Residential (NYSE:VRE) Updates FY 2024 Earnings Guidance

Veris Residential (NYSE:VRE) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.500-0.540 for the period, compared to the consensus earnings per share estimate of 0.540. The company issued revenue guidance of -.

Analyst Ratings Changes

Separately, Truist Financial reduced their target price 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.

Veris Residential Stock Down 0.8 %

Shares of VRE stock traded down $0.11 during trading hours on Friday, reaching $14.54. 502,156 shares of the stock were exchanged, compared to its average volume of 515,302. Veris Residential has a 12-month low of $13.06 and a 12-month high of $18.98. The company has a debt-to-equity ratio of 1.46, a current ratio of 2.35 and a quick ratio of 1.01. The company’s 50-day moving average price is $14.79 and its 200-day moving average price is $14.92.

Veris Residential Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Wednesday, April 3rd were paid a dividend of $0.052 per share. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.43%. Veris Residential’s dividend payout ratio is presently -21.00%.

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.