Veris Residential (VRE) Set to Announce Quarterly Earnings on Wednesday

Veris Residential (NYSE:VRE) is set to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Veris Residential to post earnings of $0.12 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Veris Residential Stock Performance

Shares of VRE opened at $16.91 on Monday. The firm has a market capitalization of $1.57 billion, a P/E ratio of -16.91, a PEG ratio of 5.26 and a beta of 1.25. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.84 and a quick ratio of 0.84. Veris Residential has a one year low of $13.06 and a one year high of $18.18. The business has a fifty day moving average of $17.40 and a 200 day moving average of $15.97.

Veris Residential Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 16th. Shareholders of record on Monday, September 30th were paid a dividend of $0.07 per share. This is an increase from Veris Residential’s previous quarterly dividend of $0.06. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Monday, September 30th. Veris Residential’s payout ratio is currently -28.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on VRE shares. JPMorgan Chase & Co. raised their price objective on shares of Veris Residential from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Monday, September 16th. Evercore ISI lifted their price target on shares of Veris Residential from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th.

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.