After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed Veris Residential Declares Quarterly Cash Dividend.
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Stocks Info
As a NYSE listed company, VRE falls under the Real Estate sector while operating within the REIT – Residential industry segment. At the end of the last regular session, the stock closed at $15.59 and fluctuated between $15.61 as its day high and $14.83 as its day low. The current market capitalization of Veris Residential Inc is $1.44B. A total of 1.42 million shares were traded on the day, compared to an average of 862.94K shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. 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 12 BUYs and 4 SELLs from insiders. Insiders purchased 282,931 shares during that period but sold 117,246.
In the most recent transaction, KATZ A. AKIVA sold 10,607 shares of VRE for 18.75 per share on Aug 31. After the transaction, the Director now owns 5,195,930 company shares. In a previous transaction on Aug 30, KATZ A. AKIVA sold 100,000 shares at 18.83 per share. VRE shares that Director owns now total 5,206,537.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. VRE’s most recent ex-dividend date was 12/28/2023 when it declared a $0.0520 quarterly dividend that was paid in cash on 1/10/2024. Previously, the company paid the dividend on 10/10/2023 with an ex-dividend date of 9/28/2023. The VRE stock dividend was $0.05 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for VRE in the last 3 months, the mean price target is $17.33 with high estimates of $26.00 and low estimates of $12.00. In terms of 52-week highs and lows, VRE has a high of $18.98 and a low of $13.06.
As of this writing, VRE has an earnings estimate of -$0.11 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.11 per share and a lower estimate of -$0.12. The company reported an EPS of -$0.3 in the last quarter, which was -130.80% lower than expectations of -$0.13.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. VRE’s latest balance sheet shows that the firm has $31.75M in Cash & Short Term Investments as of fiscal 2021. There were $2.39B in debt and $315.52M in liabilities at the time. Its Book Value Per Share was $12.44, while its Total Shareholder’s Equity was $1.97B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 3.40.
