Veris Residential Inc. (NYSE: VRE) is -15.45% lower on its value in year-to-date trading and has touched a low of $10.22 and a high of $19.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VRE stock was last observed hovering at around $15.41 in the last trading session, with the day’s gains setting it 0.13% off its average median price target of $16.00 for the next 12 months. It is also 40.23% off the consensus price target high of $26.00 offered by analysts, but current levels are -19.54% lower than the price target low of $13.00 for the same period.
Currently trading at $15.54, the stock is 2.61% and 15.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing 0.84% at the moment leaves the stock 4.87% off its SMA200. VRE registered -15.17% loss for a year compared to 6-month loss of -0.26%.
The stock witnessed a 0.97% gain in the last 1 month and extending the period to 3 months gives it a 10.84%, and is 7.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.85% over the week and 3.46% over the month.
Veris Residential Inc. (VRE) has around 234 employees, a market worth around $1.38B and $357.00M in sales. Profit margin for the company is -33.00%. Distance from 52-week low is 52.13% and -20.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.30%).
Veris Residential Inc. (VRE) Analyst Forecasts
Veris Residential Inc. is expected to release its quarterly report on 02/22/2023.The EPS is expected to shrink by -18.00% this year
Veris Residential Inc. (VRE) Top Institutional Holders
The shares outstanding are 91.09M, and float is at 83.75M with Short Float at 3.00%.
Veris Residential Inc. (VRE) Insider Activity
A total of 12 insider transactions have happened at Veris Residential Inc. (VRE) in the last six months, with sales accounting for 1 and purchases happening 11 times. The most recent transaction is an insider purchase by KATZ A. AKIVA, the company’s Director. SEC filings show that KATZ A. AKIVA bought 75,364 shares of the company’s common stock on Oct 14 at a price of $12.12 per share for a total of $0.91 million. Following the purchase, the insider now owns 5.31 million shares.
Veris Residential Inc. disclosed in a document filed with the SEC on Oct 13 that KATZ A. AKIVA (Director) bought a total of 149,890 shares of the company’s common stock. The trade occurred on Oct 13 and was made at $11.96 per share for $1.79 million. Following the transaction, the insider now directly holds 5.23 million shares of the VRE stock.
Still, SEC filings show that on Oct 12, KATZ A. AKIVA (Director) acquired 150,847 shares at an average price of $11.01 for $1.66 million. The insider now directly holds 5,081,283 shares of Veris Residential Inc. (VRE).
Veris Residential Inc. (VRE): Who are the competitors?
The company’s main competitors (and peers) include LXP Industrial Trust (LXP) that is trading -32.09% down over the past 12 months and Highwoods Properties Inc. (HIW) that is -37.51% lower over the same period. Boston Properties Inc. (BXP) is -40.51% down on the 1-year trading charts.