VRE

Veris Residential

15.41 USD
+0.00
0.00%
At close Jan 10, 4:00 PM EST
After hours
15.41
+0.00
0.00%
1 day
0.00%
5 days
-6.83%
1 month
-12.39%
3 months
-10.51%
6 months
1.72%
Year to date
-6.32%
1 year
0.78%
5 years
-32.02%
10 years
-20.24%
 

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: 197

0
Funds holding %
of 6,810 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

102% more call options, than puts

Call options by funds: $14.7M | Put options by funds: $7.28M

100% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 4 (+2) [Q3]

19% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 21

15% more capital invested

Capital invested by funds: $1.34B [Q2] → $1.53B (+$196M) [Q3]

1% more funds holding

Funds holding: 181 [Q2] → 183 (+2) [Q3]

3.03% less ownership

Funds ownership: 96.04% [Q2] → 93.01% (-3.03%) [Q3]

17% less repeat investments, than reductions

Existing positions increased: 60 | Existing positions reduced: 72

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$17
10%
upside
Avg. target
$20
30%
upside
High target
$23
49%
upside

2 analyst ratings

positive
50%
neutral
50%
negative
0%
JP Morgan
Anthony Paolone
33% 1-year accuracy
6 / 18 met price target
10%upside
$17
Neutral
Upgraded
17 Dec 2024
B of A Securities
Jeffrey Spector
60% 1-year accuracy
3 / 5 met price target
49%upside
$23
Buy
Upgraded
12 Nov 2024

Financial journalist opinion

Based on 4 articles about VRE published over the past 30 days

Positive
Seeking Alpha
6 hours ago
Why REIT Struggles Now Could Lead To Big Gains: Lessons From A Billionaire Investor
REITs are so cheap that they are getting the attention of billionaires. Legendary investor Barry Sternlicht is loading up on REITs. We discuss what he is buying and why.
Why REIT Struggles Now Could Lead To Big Gains: Lessons From A Billionaire Investor
Positive
Seeking Alpha
1 week ago
What Are The Top REITs For 2025?
REITs are offering a once-in-a-decade opportunity. They are heavily discounted and some enjoy strong catalysts in 2025. This could lead to significant upside. Here are some of my top picks.
What Are The Top REITs For 2025?
Positive
Zacks Investment Research
2 weeks 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.
Down -9.62% in 4 Weeks, Here's Why Veris (VRE) Looks Ripe for a Turnaround
Negative
Zacks Investment Research
3 weeks ago
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 (VRE) Loses -10.93% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Positive
Seeking Alpha
1 month ago
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.
Veris Residential Is An Innovator In Multifamily Real Estate
Neutral
PRNewsWire
1 month ago
Veris Residential Declares Quarterly Cash Dividend
JERSEY CITY, N.J. , Nov. 13, 2024 /PRNewswire/ -- Veris Residential, Inc. (NYSE: VRE) ("Veris Residential" or the "Company"), a forward-thinking, environmentally and socially conscious multifamily REIT, today announced that the Company's Board of Directors has declared a cash dividend on its common stock for the fourth quarter 2024 in the amount of $0.08 for the period ending December 31, 2024.
Veris Residential Declares Quarterly Cash Dividend
Neutral
Benzinga
1 month ago
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.
BofA Analyst Doubles Down On Veris Residential Growth, Downgrades Sun Communities - Here's Why
Neutral
Seeking Alpha
2 months ago
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 Residential, Inc. (VRE) Q3 2024 Earnings Call Transcript
Positive
Zacks Investment Research
2 months ago
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 (VRE) Reports Q3 Earnings: What Key Metrics Have to Say
Positive
Zacks Investment Research
2 months ago
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 (VRE) Surpasses Q3 FFO Estimates
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