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

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

Veris Residential Price Performance

VRE stock opened at $16.22 on Wednesday. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -95.38, 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. The firm has a 50 day moving average of $16.06 and a 200-day moving average of $16.97. Veris Residential has a 12-month low of $13.84 and a 12-month high of $18.85.

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 the consensus estimate of $0.12 by ($0.01). The firm had revenue of $68.08 million for the quarter, compared to analyst estimates of $66.98 million. Veris Residential had a negative return on equity of 4.97% and a negative net margin of 5.70%. As a group, equities analysts expect that Veris Residential will post 0.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VRE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised Veris Residential from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $14.00 to $17.00 in a research report on Tuesday, December 17th. Evercore ISI restated an “in-line” rating and issued a $18.00 price target (down previously from $20.00) on shares of Veris Residential in a report on Wednesday. Finally, Bank of America upgraded shares of Veris Residential from a “neutral” rating to a “buy” rating and increased their price objective for the stock 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.