Truist Financial Analysts Give Veris Residential (NYSE:VRE) a $15.00 Price Target

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

Separately, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Veris Residential from $20.00 to $18.00 and set a hold rating on the stock in a research report on Thursday, March 24th.

Shares of VRE stock opened at $13.69 on Monday. The firm’s 50-day moving average price is $15.41. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $1.25 billion, a PE ratio of -8.61, a price-to-earnings-growth ratio of 3.04 and a beta of 1.01. Veris Residential has a twelve month low of $13.42 and a twelve month high of $19.90.

Veris Residential (NYSE:VRE – Get Rating) last announced its quarterly earnings results 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 net margin of 38.53% and a negative return on equity of 9.63%. During the same quarter last year, the firm posted $0.18 EPS. On average, analysts expect that Veris Residential will post 0.56 EPS for the current fiscal year.

Veris Residential Company Profile (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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