Veris Residential Inc [NYSE: VRE] stock went on a downward path that fall over -0.76% on Wednesday, amounting to a one-week price decrease of less than -5.83%.
Over the last 12 months, VRE stock rose by 2.49%. The one-year Veris Residential Inc stock forecast points to a potential upside of 21.54. The average equity rating for VRE stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.45 billion, with 92.90 million shares outstanding and 90.24 million shares in the current float. Compared to the average trading volume of 417.32K shares, VRE stock reached a trading volume of 253015 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $19.96 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 2.00. 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 Neutral, with their previous recommendation back on December 17, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price from $20 to $23. The new note on the price target was released on November 12, 2024, representing the official price target for Veris Residential Inc stock. Previously, the target price had yet another drop from $15 to $14, while JP Morgan kept a Underweight rating on VRE stock. On July 27, 2023, analysts increased their price target for VRE shares from 18 to 19.
The Average True Range (ATR) for Veris Residential Inc is set at 0.36, with the Price to Sales ratio for VRE stock in the period of the last 12 months amounting to 5.27. The Price to Book ratio for the last quarter was 1.31, with the Price to Cash per share for the same quarter was set at 0.35. Price to Free Cash Flow for VRE in the course of the last twelve months was 28.95.
VRE Stock Performance Analysis:
Veris Residential Inc [VRE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.83. With this latest performance, VRE shares dropped by -10.82% in over the last four-week period, additionally plugging by 3.37% over the last 6 months – not to mention a rise of 2.49% 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 25.07, with the RSI for the last a single of trading hit 20.79, and the three-weeks RSI is set at 29.77 for Veris Residential Inc [VRE]. The present Moving Average for the last 50 days of trading for this stock 17.32, while it was recorded at 16.08 for the last single week of trading, and 16.26 for the last 200 days.
VRE Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VRE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Veris Residential Inc go to 7.67%.
Veris Residential Inc [VRE] Institutonal Ownership Details
There are presently around $100.70%, or 111.06%% of VRE stock, in the hands of institutional investors. The top three institutional holders of VRE stocks are: BLACKROCK INC. with ownership of 14.59 million shares, which is approximately 15.8162%. VANGUARD GROUP INC, holding 12.18 million shares of the stock with an approximate value of $$182.63 million in VRE stocks shares; and VANGUARD GROUP INC, currently with $$98.5 million in VRE stock with ownership which is approximately 7.1163%.
