Veris Residential Issues Clarification Regarding Scheduled Time for Second Quarter 2023 Earnings Conference Call
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Evercore ISI Upgrades Veris Residential (VRE) to Outperform
July 27, 2023 5:05 AM EDTEvercore ISI analyst Steve Sakwa upgraded Veris Residential (NYSE: VRE) from In Line to Outperform with a price target of $19.00 (from $18.00).
The analyst comments "VREs core FFO of $0.16 was slightly above our $0.15 estimate and the upside came from higher rental revenue and lower real estate taxes, partially offset by higher operating services expenses. FFO estimates continue to be volatile and less relevant as VRE has now completed the last major hurdle to becoming a pureplay multifamily company. In addition to closing on Harborside 1, 2 & 3 (reported during 1Q earnings), the company negotiated... More
