Veris Residential (NYSE:VRE) Issues FY 2025 Earnings Guidance

Veris Residential (NYSE:VRE) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share guidance of 0.610-0.630 for the period, compared to the consensus earnings per share estimate of 0.600. The company issued revenue guidance of -.

Veris Residential Stock Performance

NYSE VRE opened at $16.02 on Tuesday. The firm’s 50 day simple moving average is $16.08 and its 200 day simple moving average is $16.97. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 1.34. Veris Residential has a 1 year low of $13.84 and a 1 year high of $18.85. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of -94.23, a P/E/G ratio of 2.50 and a beta of 1.27.

Veris Residential (NYSE:VRE) last issued its earnings results on Monday, February 24th. The company reported $0.11 EPS for the quarter, missing the consensus estimate 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%. As a group, research analysts expect that Veris Residential will post 0.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.