Veris Residential (VRE) to Release Quarterly Earnings on Wednesday

Veris Residential (NYSE:VRE) is set to issue its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Veris Residential Stock Up 3.0 %

VRE stock opened at $14.87 on Tuesday. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -12.09, a P/E/G ratio of 2.78 and a beta of 1.23. Veris Residential has a twelve month low of $13.06 and a twelve month high of $18.98. The business has a 50 day moving average price of $14.83 and a two-hundred day moving average price of $14.94. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.45.

Veris Residential Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Wednesday, April 3rd were given a dividend of $0.052 per share. This represents a $0.21 annualized dividend and a yield of 1.40%. The ex-dividend date was Tuesday, April 2nd. Veris Residential’s dividend payout ratio (DPR) is currently -17.07%.

Wall Street Analyst Weigh In

Separately, Truist Financial dropped their target price on shares of Veris Residential from $15.00 to $14.00 and set a “hold” rating on the stock in a 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.