Currently, there are 92.23M common shares owned by the public and among those 83.09M shares have been available to trade.
The company’s stock has a 5-day price change of 3.60% and 14.72% over the past three months. VRE shares are trading 11.51% year to date (YTD), with the 12-month market performance down to -6.65% lower. It has a 12-month low price of $13.06 and touched a high of $18.98 over the same period. VRE has an average intraday trading volume of 703.77K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.05%, 11.47%, and 15.62% respectively.
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Institutional ownership of Veris Residential Inc (NYSE: VRE) shares accounts for 99.02% of the company’s 92.23M shares outstanding.
It has a market capitalization of $1.63B and a beta (3y monthly) value of 1.24. The earnings-per-share (ttm) stands at -$1.16. The company has a debt-to-equity ratio at 1.50. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.74% over the week and 1.82% over the month.
Earnings per share for the fiscal year are expected to increase by 67.86%, and -10.59% over the next financial year.
Looking at the support for the VRE, a number of firms have released research notes about the stock. JP Morgan stated their Underweight rating for the stock in a research note on October 25, 2023, with the firm’s price target at $15-$14. Evercore ISI coverage for the Veris Residential Inc (VRE) stock in a research note released on July 27, 2023 offered a Outperform rating with a price target of $19. Deutsche Bank was of a view on May 16, 2023 that the stock is Buy, while BofA Securities gave the stock Neutral rating on November 14, 2022, issuing a price target of $16- $18.
