Veris Residential
About: Veris Residential Inc is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The company owns and operates a real estate portfolio comprised predominantly of multifamily rental properties located mainly in the Northeast and Class A office properties. The company performs substantially all real estate management, leasing, acquisition and development on an in-house basis. The properties are in three states in the Northeast, plus the District of Columbia. The company operates in two industry segments multifamily real estate & services and commercial & other real estate. The majority of revenue is from Multifamily real estate services.
Employees: 188
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
77% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 13
55% more repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 53
25% more funds holding in top 10
Funds holding in top 10: 4 [Q3] → 5 (+1) [Q4]
3% more funds holding
Funds holding: 184 [Q3] → 190 (+6) [Q4]
1.39% more ownership
Funds ownership: 90.66% [Q3] → 92.04% (+1.39%) [Q4]
5% less capital invested
Capital invested by funds: $1.5B [Q3] → $1.42B (-$82.1M) [Q4]
65% less call options, than puts
Call options by funds: $2.34M | Put options by funds: $6.77M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Truist Securities Michael Lewis 40% 1-year accuracy 12 / 30 met price target | 7%upside $17 | Hold Maintained | 10 Mar 2025 |
Evercore ISI Group Steve Sakwa 35% 1-year accuracy 17 / 48 met price target | 13%upside $18 | In-Line Downgraded | 26 Feb 2025 |
Financial journalist opinion
