BTIG analyst Tom Catherwood maintained a Buy rating on Veris Residential (VRE – Research Report) yesterday and set a price target of $22.00. The company’s shares closed yesterday at $15.51.
According to TipRanks, Catherwood is an analyst with an average return of -8.6% and a 38.89% success rate. Catherwood covers the Financial sector, focusing on stocks such as Veris Residential, Boston Properties, and Highwoods Properties.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Veris Residential with a $17.50 average price target.
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VRE market cap is currently $1.41B and has a P/E ratio of -25.02.
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Mack-Cali Realty Corp. is a real estate investment trust, which owns and operates a real estate portfolio comprised predominantly of Class A office and office flex properties located primarily in the Northeast. It operates through the following two segments: Commercial and Other Real Estate and Multi-Family Real Estate and Services. The Commercial and Other Real Estate and Multi-Family Real Estate Portfolio segments provides leasing, property management, acquisition, development, construction, and tenant-related services. The company was founded on May 24, 1994 and is headquartered in Jersey City, NJ.
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