Veris Residential (NYSE:VRE) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Veris Residential (NYSE:VRE) issued its quarterly earnings data on Monday. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01), Zacks reports. Veris Residential had a negative return on equity of 4.97% and a negative net margin of 5.70%. Veris Residential updated its FY 2025 guidance to 0.610-0.630 EPS.

Veris Residential Price Performance

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

Analysts Set New Price Targets

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