Veris Residential (VRE) Scheduled to Post Earnings on Wednesday

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

Veris Residential Price Performance

VRE opened at $16.91 on Monday. The firm has a market cap of $1.57 billion, a PE ratio of -16.91, a P/E/G ratio of 5.26 and a beta of 1.25. The stock has a 50-day moving average price of $17.40 and a 200-day moving average price of $15.97. Veris Residential has a 1 year low of $13.06 and a 1 year high of $18.18. 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 Increases Dividend

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

Analyst Ratings Changes

VRE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on shares of Veris Residential from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Monday, September 16th. Evercore ISI lifted their target price on Veris Residential from $17.00 to $19.00 and gave the stock an “outperform” rating in a report 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.