Veris Residential Inc (NYSE: VRE) is -0.88% lower on its value in year-to-date trading and has touched a low of $14.12 and a high of $18.85 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 $14.66 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $14.72, the stock is -1.71% and -3.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 0.41% at the moment leaves the stock -10.21% off its SMA200. VRE registered -11.49% loss for a year compared to 6-month loss of -10.35%. The firm has a 50-day simple moving average (SMA 50) of $15.2442 and a 200-day simple moving average (SMA200) of $16.397.
The stock witnessed a -2.97% gain in the last 1 month and extending the period to 3 months gives it a -13.97%, and is -1.21% down 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 1.79% over the week and 1.92% over the month.
Veris Residential Inc (VRE) has around 188 employees, a market worth around $1.37B and $271.49M in sales. Profit margin for the company is -11.67%. Distance from 52-week low is 4.25% and -21.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.15%).
The EPS is expected to grow by 0.76% this year
317.0 institutions hold shares in Veris Residential Inc (VRE), with institutional investors hold 112.30% of the company’s shares. The shares outstanding are 93.31M, and float is at 90.65M with Short Float at 2.92%. Institutions hold 101.48% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 14.59 million shares valued at $218.92 million. The investor’s holdings represent 15.7499 of the VRE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 12.18 million shares valued at $182.63 million to account for 13.1394 of the shares outstanding. The other top investors are PRUDENTIAL FINANCIAL INC which holds 6.57 million shares representing 7.0865 and valued at over $98.5 million, while MADISON INTERNATIONAL REALTY HOLDINGS, LLC holds 6.5913 of the shares totaling 6.11 million with a market value of $91.61 million.
