The Question Is Whether To Buy Or Not To Buy Veris Residential Inc (NYSE: VRE)

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Veris Residential, Inc. Announces Dates for Fourth Quarter 2023 Financial Results and Webcast.

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Stocks Info

Veris Residential Inc is listed on the NYSE as a member of the Real Estate sector and is a part of the REIT – Residential industry. The current market capitalization of Veris Residential Inc is $1.45B. A total of 0.72 million shares were traded on the day, compared to an average of 830.57K shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. 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 3 SELLs from insiders. Insiders purchased 282,931 shares during that period but sold 112,362.

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

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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

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. 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.

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