Veris Residential's Price Target Cut to $15 by Truist Analyst

Truist has lowered its price target for Veris Residential (VRE) to $15 from $16, citing a lower target FFO multiple amid sluggish job growth and macroeconomic uncertainty. The firm raised its 2025 and 2026 forecasts following a normalized FFO beat in Q2, but cut its 2024 forecast due to assuming minimal share repurchases. Disposition timing and re-stabilization of Liberty Towers remain key variables.

Truist Financial has lowered its price target for Veris Residential (VRE) to $15 from $16, citing a lower target FFO multiple amid sluggish job growth and macroeconomic uncertainty. The firm raised its 2025 and 2026 forecasts following a normalized FFO beat in Q2 but cut its 2024 forecast due to assuming minimal share repurchases. Disposition timing and re-stabilization of Liberty Towers remain key variables.

Veris Residential reached a new 12-month low during mid-day trading on July 31, 2025, trading as low as $14.02 and closing at $14.05 with a volume of 223,554 shares. The stock's 50-day moving average is $14.81, and its 200-day moving average is $15.55. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.03.

Truist's decision to lower the price target reflects a broader economic outlook that includes concerns about job growth and macroeconomic uncertainty. The company's dividend payout ratio of -139.13% indicates a high level of dividend distribution relative to earnings, which could be a concern for investors.

Analysts have mixed opinions on the stock, with ratings varying from "hold" to "buy" and an average price target of $19.20. Several analysts have recently issued reports on the stock, with Wall Street Zen raising shares of Veris Residential from a "sell" rating to a "hold" rating, and Truist Financial lowering their price target from $17.00 to $16.00.

Veris Residential is a real estate investment trust (REIT) that primarily owns, operates, acquires, and develops Class A multifamily properties. The company's focus on sustainability and community impact has drawn attention, but the recent economic uncertainty has led to a cautious approach from analysts.

Institutional investors own 93.04% of the company's stock, with recent trades indicating strong interest from hedge funds and other institutional investors. Veris Residential's market capitalization is $1.32 billion, with a P/E ratio of -61.22 and a beta of 1.21.

References:
[1] https://www.marketbeat.com/instant-alerts/veris-residential-nysevre-reaches-new-12-month-low-heres-why-2025-07-31/
[2] https://www.yahoo.com/news/articles/talk-business-northwest-arkansas-fort-130000290.html