Veris Residential (VRE) Q4 FFO and Revenues Miss Estimates
Veris Residential (VRE) came out with quarterly funds from operations (FFO) of $0.11 per share, missing the Zacks Consensus Estimate of $0.12 per share. This compares to FFO of $0.12 per share a year ago.
Down -9.62% in 4 Weeks, Here's Why Veris (VRE) Looks Ripe for a Turnaround
Veris (VRE) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Veris (VRE) Loses -10.93% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Veris (VRE) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Veris Residential Is An Innovator In Multifamily Real Estate
Veris Residential, Inc. is a multifamily REIT focusing on sustainable, urban properties for affluent renters, leveraging AI for operational efficiency and tenant engagement. Veris Residential's innovative use of AI, such as the leasing assistant Quinn, has improved lead generation, reduced payroll expenses, and enhanced resident experience. VRE benefits from urban market trends, particularly in NYC, with high rent growth and low vacancy rates, but still holds a “Hold” rating for further stabilization.
BofA Analyst Doubles Down On Veris Residential Growth, Downgrades Sun Communities - Here's Why
BofA Securities analyst Joshua Dennerlein revised ratings on residential REITs, Veris Residential, Inc. VRE and Sun Communities, Inc. SUI.
Veris Residential, Inc. (VRE) Q3 2024 Earnings Call Transcript
Veris Residential, Inc. (NYSE:VRE ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Taryn Fielder - General Counsel & Secretary Mahbod Nia - Chief Executive Officer Amanda Lombard - Chief Financial Officer Conference Call Participants Steve Sakwa - Evercore ISI Eric Wolfe - Citi Thomas Catherwood - BTIG Michael Lewis - Truist Securities Inc. Operator Good morning and welcome to Residential Veris Inc's Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
Veris (VRE) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Veris (VRE) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Veris Residential (VRE) Surpasses Q3 FFO Estimates
Veris Residential (VRE) came out with quarterly funds from operations (FFO) of $0.17 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to FFO of $0.12 per share a year ago.
Veris Residential Q2 Earnings: Finding Their Footing Under A New Brand
Veris Residential underwent a major transformation, shifting from a diversified REIT to a multifamily landlord with a socially conscious business model. VRE focuses on luxury apartments in the Northeast, with an average monthly rental rate of nearly $4,000 per unit. VRE reported strong Q2 earnings, showcasing rental growth, dispositions, and commitment to their new brand.
Veris Residential (VRE) Tops Q2 FFO Estimates
Veris Residential (VRE) came out with quarterly funds from operations (FFO) of $0.18 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to FFO of $0.16 per share a year ago.
Amalgamated Bank Cuts Stock Holdings in Veris Residential, Inc. (NYSE:VRE)
Amalgamated Bank reduced its stake in Veris Residential, Inc. (NYSE:VRE – Free Report) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,156 shares of the company’s stock after selling 781 shares during the period. Amalgamated Bank’s holdings in Veris Residential were worth $474,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in Veris Residential by 19.7% in the 4th quarter. Van ECK Associates Corp now owns 11,088 shares of the company’s stock valued at $174,000 after purchasing an additional 1,823 shares in the last quarter. New York Life Investment Management LLC acquired a new stake in Veris Residential in the fourth quarter valued at approximately $219,000. SG Americas Securities LLC lifted its stake in Veris Residential by 60.7% in the fourth quarter. SG Americas Securities LLC now owns 14,051 shares of the company’s stock worth $221,000 after acquiring an additional 5,309 shares during the last quarter. abrdn plc grew its holdings in Veris Residential by 11.4% during the 3rd quarter. abrdn plc now owns 17,377 shares of the company’s stock worth $287,000 after acquiring an additional 1,774 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in Veris Residential during the 3rd quarter worth approximately $308,000. 93.04% of the stock is currently owned by hedge funds and other institutional investors. Veris Residential Price Performance Shares of NYSE VRE opened at $15.72 on Monday. The stock’s 50-day simple moving average is $14.86 and its 200-day simple moving average is $14.89. The firm has a market capitalization of $1.46 billion, a PE ratio of -15.72, a price-to-earnings-growth ratio of 3.26 and a beta of 1.22. Veris Residential, Inc. has a fifty-two week low of $13.06 and a fifty-two week high of $18.98. The company has a debt-to-equity ratio of 1.46, a quick ratio of 2.35 and a current ratio of 2.35. Veris Residential Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.53%. This is a boost from Veris Residential’s previous quarterly dividend of $0.05. Veris Residential’s dividend payout ratio (DPR) is presently -21.00%. Analysts Set New Price Targets Separately, Truist Financial decreased 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. View Our Latest Research Report on VRE About Veris Residential (Free Report) 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. See Also Five stocks we like better than Veris Residential How to invest in marijuana stocks in 7 steps MarketBeat Week in Review – 5/13 – 5/17 How to buy stock: A step-by-step guide for beginners Take-Two Interactive Software Offers 2nd Chance for Investors Buy P&G Now, Before It Sets A New All-Time High Deere & Company’s Q2 Report: Strong Revenue, Cautious Outlook Want to see what other hedge funds are holding VRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Veris Residential, Inc. (NYSE:VRE – Free Report).
