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Realtime updates for Veris Residential, Inc. [VRE]

Exchange: NYSE Sector: Real Estate Industry: REIT - Residential
Upcoming Earnings Alert

5 days till quarter result
(amc 2024-04-24)

Expected move: +/- 3.43%

Last Updated19 Apr 2024 @ 16:00

1.83% $ 14.43

Live Chart Being Loaded With Signals

Commentary (19 Apr 2024 @ 16:00):

Veris Residential, Inc. is a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops holistically-inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today's residents while seeking to positively impact the communities it serves and the planet at large...

Stats
Today's Volume 595 584
Average Volume 602 003
Market Cap 1.33B
EPS $0 ( 2024-02-21 )
Next earnings date ( $0.110 ) 2024-04-24
Last Dividend $0.0500 ( 2023-09-28 )
Next Dividend $0 ( N/A )
P/E -8.69
ATR14 $0.00900 (0.06%)
Insider Trading
Date Person Action Amount type
2024-04-18 Lombard Amanda Sell 1 107 Common Stock, $0.01 par value
2024-04-03 Macfarlane Victor B Buy 1 649 Phantom Stock Units
2024-04-03 Lietz Nori Gerardo Buy 1 776 Phantom Stock Units
2024-04-03 Katz A. Akiva Buy 1 880 Phantom Stock Units
2024-04-03 Cumenal Frederic Buy 1 791 Phantom Stock Units
INSIDER POWER
77.99
Last 98 transactions
Buy: 2 757 885 | Sell: 217 355

Volume Correlation

Long: 0.46 (neutral)
Short: 0.47 (neutral)
Signal:(47.718) Neutral

Veris Residential, Inc. Correlation

10 Most Positive Correlations
CWAN0.869
MVO0.862
CB0.858
PEAK0.847
NNN0.847
AIZ0.844
RF-PC0.844
FIS0.844
AFL0.835
PINE0.829
10 Most Negative Correlations
AGC-0.818

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Veris Residential, Inc. Correlation - Currency/Commodity

The country flag 0.54
( weak )
The country flag 0.19
( neutral )
The country flag 0.00
( neutral )
The country flag 0.00
( neutral )
The country flag -0.56
( weak negative )
The country flag 0.26
( neutral )

Veris Residential, Inc. Financials

Annual 2023
Revenue: $279.86M
Gross Profit: $157.01M (56.10 %)
EPS: $-1.170
Q4 2023
Revenue: $72.92M
Gross Profit: $38.85M (53.29 %)
EPS: $-0.0548
Q3 2023
Revenue: $71.48M
Gross Profit: $38.95M (54.48 %)
EPS: $-0.590
Q2 2023
Revenue: $68.73M
Gross Profit: $40.06M (58.28 %)
EPS: $-0.300

Financial Reports:

No articles found.

Veris Residential, Inc. Dividends

(Q3/22) (Q4/22) (Q1/23) (Q2/23) (Q3/23) (Q4/23) (Q1/24) (Q2/24) (Q3/24) (Q4/24)
$0
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)
$0.0500
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)
$0
(N/A)

Veris Residential, Inc. Dividend Information - Dividend Junior

Dividend Sustainability Score: 3.80 - low (26.41%) | Divividend Growth Potential Score: 2.82 - Decrease likely (43.67%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information
First Dividend $0.405 1994-09-26
Last Dividend $0.0500 2023-09-28
Next Dividend $0 N/A
Payout Date 2023-10-10
Next Payout Date N/A
# dividends 105 --
Total Paid Out $46.34 --
Avg. Dividend % Per Year 0.26% --
Score 2.6 --
Div. Sustainability Score 3.80
Div.Growth Potential Score 2.82
Div. Directional Score 3.31 --
Next Divdend (Est)
(2024-07-19)
$0.0480 Estimate 4.68 %
Dividend Stability
0.37 Poor
Dividend Score
2.60
Pay Frequency
Annually
Yearly Payout
Year Amount Yield
1994 $0.810 4.70%
1995 $1.235 7.84%
1996 $1.725 8.07%
1997 $2.35 7.80%
1998 $1.550 3.79%
1999 $2.81 8.94%
2000 $1.770 6.94%
2001 $2.45 8.91%
2002 $2.49 8.28%
2003 $2.52 8.45%
2004 $2.52 6.23%
2005 $2.52 5.56%
2006 $2.53 5.82%
2007 $2.56 5.08%
2008 $2.56 7.68%
2009 $1.990 8.69%
2010 $1.800 5.34%
2011 $1.800 5.42%
2012 $1.800 6.82%
2013 $1.500 5.78%
2014 $0.900 4.21%
2015 $0.600 3.11%
2016 $0.600 2.64%
2017 $0.700 2.43%
2018 $0.800 3.69%
2019 $0.800 4.18%
2020 $0.600 2.66%
2021 $0 0.00%
2022 $0 0.00%
2023 $0.0500 0.31%
2024 $0 0.00%

Dividend Commentary

The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.

Top 10 dividend Companies for NYSE

Symbol Title Last dividend Frequency Years Dividend Yearly Dividend Score
LOMA Dividend Knight 2023-06-30 Quarterly 2 5.23% 8.53
PVL Dividend Royal 2023-11-15 Monthly 14 9.37% 8.50
NCV Dividend Royal 2024-02-09 Monthly 22 7.68% 8.50
MTR Dividend Royal 2023-10-30 Monthly 39 10.10% 8.50
PDI Dividend Royal 2023-11-10 Monthly 13 7.86% 8.50
ORC Dividend Royal 2023-11-29 Monthly 12 9.23% 8.50
JQC Dividend Royal 2023-11-14 Monthly 22 6.56% 8.50
GOF Dividend Royal 2023-11-14 Monthly 18 8.03% 8.50
VGI Dividend Royal 2024-02-09 Monthly 13 7.36% 8.50
NCZ Dividend Royal 2024-02-09 Monthly 22 7.79% 8.50

Dividend Sustainability Score (DSS)

RatioActual ValueWeightNormalized ValueScoreRange
netProfitMarginTTM-0.3991.500-7.98-10.00[0 - 0.5]
returnOnAssetsTTM-0.03451.200-1.149-1.379[0 - 0.3]
returnOnEquityTTM-0.09511.500-2.17-3.25[0.1 - 1]
payoutRatioTTM-0.0459-1.000-0.4590.459[0 - 1]
currentRatioTTM1.4710.8007.656.12[1 - 3]
quickRatioTTM36.840.80010.008.00[0.8 - 2.5]
cashRatioTTM0.3391.5009.2310.00[0.2 - 2]
debtRatioTTM0.669-1.50010.00-10.00[0 - 0.6]
interestCoverageTTM0.02261.000-1.103-1.103[3 - 30]
operatingCashFlowPerShareTTM0.4942.009.8410.00[0 - 30]
freeCashFlowPerShareTTM0.3592.009.8210.00[0 - 20]
debtEquityRatioTTM1.906-1.5002.38-3.56[0 - 2.5]
grossProfitMarginTTM0.5611.0003.993.99[0.2 - 0.8]
operatingProfitMarginTTM0.01121.000-1.775-1.775[0.1 - 0.6]
cashFlowToDebtRatioTTM0.02101.000-0.994-0.994[0.2 - 2]
assetTurnoverTTM0.08640.800-2.76-2.21[0.5 - 2]
Total Score3.80

Dividend Growth Score (DGS)

RatioActual ValueWeightNormalized ValueScoreRange
peRatioTTM-12.071.000-1.3200[1 - 100]
returnOnEquityTTM-0.09512.50-1.394-3.25[0.1 - 1.5]
freeCashFlowPerShareTTM0.3592.009.8810.00[0 - 30]
dividendYielPercentageTTM1.0601.50010.000[0 - 0.4]
operatingCashFlowPerShareTTM0.4942.009.8410.00[0 - 30]
payoutRatioTTM-0.04591.500-0.4590.459[0 - 1]
pegRatioTTM0.02231.500-3.180[0.5 - 2]
operatingCashFlowSalesRatioTTM0.1631.0008.430[0.1 - 0.5]
Total Score2.82

Veris Residential, Inc.

Veris Residential, Inc. is a forward-thinking, environmentally- and socially-conscious real estate investment trust (REIT) that primarily owns, operates, acquires, and develops holistically-inspired, Class A multifamily properties that meet the sustainability-conscious lifestyle needs of today's residents while seeking to positively impact the communities it serves and the planet at large. The company is guided by an experienced management team and Board of Directors and is underpinned by leading corporate governance principles, a best-in-class and sustainable approach to operations, and an inclusive culture based on equality and meritocratic empowerment. For additional information on Veris Residential, Inc. and our properties available for lease, please visit http://www.verisresidential.com/.

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