BTIG analyst Michael Gorman maintained a Buy rating on Veris Residential (VRE – Research Report) today and set a price target of $22.00. The company’s shares closed last Friday at $17.06.
Gorman covers the Real Estate sector, focusing on stocks such as Broadstone Net Lease, CTO Realty Growth, and Equity Residential. According to TipRanks, Gorman has an average return of 4.2% and a 51.33% success rate on recommended stocks.
Veris Residential has an analyst consensus of Moderate Buy, with a price target consensus of $18.67.
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VRE market cap is currently $1.56B and has a P/E ratio of -22.32.
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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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