Veris Residential (VRE) Expected to Announce Quarterly Earnings on Monday

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

Veris Residential Stock Performance

Veris Residential stock opened at $15.63 on Friday. The business has a 50 day moving average of $16.11 and a 200-day moving average of $16.95. Veris Residential has a 1 year low of $13.84 and a 1 year high of $18.85. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.73 and a quick ratio of 0.73. The company has a market capitalization of $1.45 billion, a P/E ratio of -91.94, a P/E/G ratio of 2.49 and a beta of 1.27.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VRE. Bank of America raised Veris Residential from a “neutral” rating to a “buy” rating and upped their price objective for the company from $20.00 to $23.00 in a research note on Tuesday, November 12th. JPMorgan Chase & Co. upgraded Veris Residential from an “underweight” rating to a “neutral” rating and upped their target price 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.