In Friday’s Wall Street session, Veris Residential Inc (NYSE:VRE) shares traded at $14.58, down -1.29% from the previous session.
VRE stock price is now -7.81% away from the 50-day moving average and -12.34% away from the 200-day moving average. The market capitalization of the company currently stands at $1.36B.
With the price target reduced from $20 to $18, Evercore ISI Downgraded its rating from Outperform to In-line for Veris Residential Inc (NYSE: VRE). On December 17, 2024, JP Morgan Upgraded its previous ‘Underweight’ rating to ‘Neutral’ on the stock increasing its target price from $14 to quote $17, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Nia Mahbod, CHIEF EXECUTIVE OFFICER bought 35,000 shares of the company’s stock on Jun 20 ’24. The stock was bought for $501,347 at an average price of $14.32. Upon completion of the transaction, the CHIEF EXECUTIVE OFFICER now directly owns 380,869 shares in the company, valued at $5.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 20 ’24, Director Lietz Nori Gerardo bought 10,000 shares of the business’s stock. A total of $143,100 was incurred on buying the stock at an average price of $14.31. This leaves the insider owning 39,687 shares of the company worth $0.58 million. A total of 2.79% of the company’s stock is owned by insiders.
During the past 12 months, Veris Residential Inc has had a low of $13.73 and a high of $18.85. The fifty day moving average price for VRE is $15.8158 and a two-hundred day moving average price translates $16.64495 for the stock.
The latest earnings results from Veris Residential Inc (NYSE: VRE) was released for 2025-03-31. The net profit margin was -11.67% and return on equity was -2.76% for VRE. The company reported revenue of $67.76 million for the quarter, compared to $67.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.62 percent.
