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Wednesday, February 1, 2023

Veris Residential Inc. (VRE) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Veris Residential Inc. (VRE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.03, or 0.19%, to $15.75. The Veris Residential Inc. has recorded 21,447 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Veris Residential Outlines Path to Unlocking Shareholder Value.

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Stocks Info

Veris Residential Inc. is listed on the NYSE in the Real Estate sector while operating in the REIT – Residential industry. At the end of the last regular session, the stock closed at $15.72 and fluctuated between $15.80 as its day high and $15.12 as its day low. The current market capitalization of Veris Residential Inc. is $1.44B. A total of 1.64 million shares were traded on the day, compared to an average of 873.67K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, VRE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 20 BUYs and 2 SELLs from insiders. Insiders purchased 1,380,326 shares during that period but sold 20,083.

In the most recent transaction, KATZ A. AKIVA bought 75,364 shares of VRE for 12.12 per share on Oct 14. After the transaction, the Director now owns 5,306,537 company shares. In a previous transaction on Oct 13, KATZ A. AKIVA bought 149,890 shares at 11.96 per share. VRE shares that Director owns now total 5,231,173.

Among the insiders who bought shares, KATZ A. AKIVA acquired of 150,847 shares on Oct 12 at a per-share price of $11.01. This resulted in the Director holding 5,081,283 shares of VRE after the transaction. In another insider transaction, KATZ A. AKIVA bought 400,000 shares at $11.20 per share on Oct 11. Company shares held by the Director now total 4,930,436.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for VRE in the last 3 months, the mean price target is $17.67 with high estimates of $22.00 and low estimates of $16.00. In terms of 52-week highs and lows, VRE has a high of $18.60 and a low of $10.22.

As of this writing, VRE has an earnings estimate of -$0.23 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.23 per share and a lower estimate of -$0.23. The company reported an EPS of -$0.09 in the last quarter, which was 25.00% higher than expectations of -$0.12.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VRE is Overweight with a score of 3.40. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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