Veris Residential (NYSE:VRE) PT Set at $15.00 by Truist Financial

Truist Financial set a $15.00 target price on Veris Residential (NYSE:VRE – Get Rating) in a research report released on Monday morning, Stock Target Advisor reports.

Separately, Deutsche Bank Aktiengesellschaft lowered their price target on Veris Residential from $20.00 to $18.00 and set a hold rating for the company in a research note on Thursday, March 24th.

Shares of NYSE:VRE opened at $13.74 on Monday. The company has a market cap of $1.25 billion, a PE ratio of -8.64, a P/E/G ratio of 3.03 and a beta of 1.01. Veris Residential has a 1-year low of $13.42 and a 1-year high of $19.90. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s 50-day moving average price is $15.35.

Veris Residential (NYSE:VRE – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.27). Veris Residential had a negative return on equity of 9.63% and a negative net margin of 38.53%. During the same period in the prior year, the firm earned $0.18 EPS. Sell-side analysts expect that Veris Residential will post 0.56 EPS for the current fiscal year.

About Veris Residential (Get Rating)

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.

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