Veris Residential (VRE) Scheduled to Post Earnings on Wednesday

Veris Residential (NYSE:VRE) will be posting its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Veris Residential to post earnings of $0.11 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Veris Residential Stock Down 1.1 %

VRE opened at $13.97 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.01 and a current ratio of 1.01. Veris Residential has a 1 year low of $13.06 and a 1 year high of $18.98. The firm has a 50 day moving average price of $14.89 and a 200 day moving average price of $14.98. The company has a market cap of $1.29 billion, a PE ratio of -11.36, a price-to-earnings-growth ratio of 2.77 and a beta of 1.23.

Veris Residential Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Wednesday, April 3rd were given a $0.052 dividend. This represents a $0.21 annualized dividend and a yield of 1.49%. The ex-dividend date was Tuesday, April 2nd. Veris Residential’s dividend payout ratio (DPR) is -17.07%.

Hedge Funds Weigh In On Veris Residential

Institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. purchased a new position in shares of Veris Residential during the 1st quarter valued at approximately $187,000. Cetera Advisor Networks LLC bought a new position in Veris Residential during the fourth quarter worth $183,000. PEAK6 Investments LLC bought a new position in Veris Residential during the second quarter worth $166,000. Teacher Retirement System of Texas bought a new position in Veris Residential during the second quarter worth $148,000. Finally, UBS Group AG bought a new position in Veris Residential during the second quarter worth $132,000. 93.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Truist Financial lowered their price objective on shares of Veris Residential from $15.00 to $14.00 and set a “hold” rating for the company in a research report on Tuesday, April 9th.

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.