Veris Residential Inc's fundamentals are relatively healthy, with an industry-leading ESG disclosure.and its growth potential is high.Its valuation is considered fairly valued, ranking 34 out of 191 in the Residential & Commercial REITs industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 17.70.In the medium term, the stock price is expected to trend up.The company has been performing well in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Veris Residential Inc's Score
Industry at a Glance
Industry Ranking
34 / 191
Overall Ranking
78 / 4521
Industry
Residential & Commercial REITs
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Media Coverage
Last 24 hours
Coverage Level
Very Low
Very High
Neutral
Veris Residential Inc Highlights
StrengthsRisks
Veris Residential, Inc. is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops Class A multifamily properties in the Northeast as well as a portfolio of non-strategic land and commercial assets. Its technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents' preferences. The Company operates as a single business segment, focusing on the ownership, operation and development of its multifamily real estate portfolio located in the United States. The Company owns and has interests in over 20 multifamily rental properties as well as non-strategic assets comprised of three parking/retail properties, and developable land. It seeks to own a portfolio comprised primarily of Class A multifamily properties with premium amenities and offerings, including facilities such as clubrooms and lounges, among others.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 27.05% year-on-year.
Overvalued
The company’s latest PE is 24.68, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 94.97M shares, decreasing 6.36% quarter-over-quarter.
Veris Residential, Inc. is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops Class A multifamily properties in the Northeast as well as a portfolio of non-strategic land and commercial assets. Its technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents' preferences. The Company operates as a single business segment, focusing on the ownership, operation and development of its multifamily real estate portfolio located in the United States. The Company owns and has interests in over 20 multifamily rental properties as well as non-strategic assets comprised of three parking/retail properties, and developable land. It seeks to own a portfolio comprised primarily of Class A multifamily properties with premium amenities and offerings, including facilities such as clubrooms and lounges, among others.