Veris Residential (VRE) to Release Quarterly Earnings on Monday

Veris Residential (NYSE:VRE) is anticipated to announce its earnings results after the market closes on Monday, February 24th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $66.81 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Veris Residential Stock Down 0.3 %

Shares of NYSE VRE opened at $15.63 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.34. Veris Residential has a 52 week low of $13.84 and a 52 week high of $18.85. The firm’s fifty day moving average is $16.11 and its 200 day moving average is $16.95. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -91.94, a PEG ratio of 2.50 and a beta of 1.27.

Analyst Ratings Changes

Several research analysts recently commented on VRE shares. JPMorgan Chase & Co. raised shares of Veris Residential from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $14.00 to $17.00 in a research note on Tuesday, December 17th. Bank of America upgraded shares of Veris Residential from a “neutral” rating to a “buy” rating and lifted their price target for the company from $20.00 to $23.00 in a report on Tuesday, November 12th.

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.