Veris Residential (NYSE:VRE) Issues FY 2024 Earnings Guidance

Veris Residential (NYSE:VRE) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.500-0.540 for the period, compared to the consensus estimate of 0.540. The company issued revenue guidance of -.

Analysts Set New Price Targets

Separately, Truist Financial reduced their price objective on 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 Stock Down 0.8 %

Shares of Veris Residential stock traded down $0.11 during trading on Friday, hitting $14.54. The stock had a trading volume of 500,628 shares, compared to its average volume of 679,132. 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 stock has a 50 day simple moving average of $14.81 and a 200 day simple moving average of $14.93.

Veris Residential Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 16th. Shareholders of record on Wednesday, April 3rd were issued a dividend of $0.052 per share. The ex-dividend date of this dividend was Tuesday, April 2nd. This represents a $0.21 annualized dividend and a yield of 1.43%. Veris Residential’s dividend payout ratio (DPR) is presently -21.00%.

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.