Veris Residential Inc [NYSE: VRE] gained 0.40% on the last trading session, reaching $15.06 price per share at the time.
If compared to the average trading volume of 488.69K shares, VRE reached a trading volume of 1531326 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about Veris Residential Inc [VRE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VRE shares is $17.17 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VRE stock is a recommendation set at 2.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Veris Residential Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on October 25, 2023. While these analysts kept the previous recommendation, Evercore ISI raised their target price from $18 to $19. The new note on the price target was released on July 27, 2023, representing the official price target for Veris Residential Inc stock. Previously, the target price had yet another raise from $15 to $19, while Deutsche Bank kept a Buy rating on VRE stock. On November 14, 2022, analysts increased their price target for VRE shares from 16 to 18.
The Average True Range (ATR) for Veris Residential Inc is set at 0.35, with the Price to Sales ratio for VRE stock in the period of the last 12 months amounting to 4.97. The Price to Book ratio for the last quarter was 1.23, with the Price to Cash per share for the same quarter was set at 1.49. Price to Free Cash Flow for VRE in the course of the last twelve months was 28.99.
Trading performance analysis for VRE stock
Veris Residential Inc [VRE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.33. With this latest performance, VRE shares dropped by -3.59% in over the last four-week period, additionally plugging by 1.41% over the last 6 months – not to mention a drop of -11.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VRE stock in for the last two-week period is set at 47.44, with the RSI for the last a single of trading hit 45.08, and the three-weeks RSI is set at 48.87 for Veris Residential Inc [VRE]. The present Moving Average for the last 50 days of trading for this stock 15.00, while it was recorded at 15.05 for the last single week of trading, and 15.30 for the last 200 days.
An analysis of Institutional ownership at Veris Residential Inc [VRE]
The top three institutional holders of VRE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in VRE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in VRE stock with ownership which is approximately 5.8386%.
