Veris Residential (VRE) to Release Earnings on Wednesday

Veris Residential (NYSE:VRE) is projected to release its Q1 2025 earnings data after the market closes on Wednesday, April 23rd. Analysts expect Veris Residential to post earnings of $0.14 per share and revenue of $69.24 million for the quarter. Veris Residential has set its FY 2025 guidance at 0.610-0.630 EPS.

Veris Residential (NYSE:VRE) last released its quarterly earnings results on Monday, February 24th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Veris Residential had a negative return on equity of 4.97% and a negative net margin of 5.70%. The firm had revenue of $68.08 million during the quarter, compared to analysts’ expectations of $66.98 million. On average, analysts expect Veris Residential to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Veris Residential Trading Down 1.9 %

Shares of NYSE:VRE opened at $15.58 on Tuesday. The stock’s 50-day simple moving average is $16.09 and its two-hundred day simple moving average is $16.64. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -91.64, a PEG ratio of 2.50 and a beta of 1.17. 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.

Veris Residential Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Monday, March 31st. Veris Residential’s payout ratio is -133.33%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VRE. Evercore ISI reiterated an “in-line” rating and set a $18.00 price target (down previously from $20.00) on shares of Veris Residential in a research note on Wednesday, February 26th. Truist Financial boosted their price target on Veris Residential from $16.00 to $17.00 and gave the company a “hold” rating in a report on Monday, March 10th.

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.