Truist Financial Sticks to Its Hold Rating for Veris Residential (VRE)

Truist Financial analyst Michael Lewis maintained a Hold rating on Veris Residential (VRE – Research Report) today. The company’s shares closed yesterday at $15.07.

According to TipRanks, Lewis is a 4-star analyst with an average return of 6.8% and a 58.41% success rate. Lewis covers the Real Estate sector, focusing on stocks such as Highwoods Properties, AvalonBay, and Equity Residential.

The word on The Street in general, suggests a Hold analyst consensus rating for Veris Residential with a $18.50 average price target.

The company has a one-year high of $18.79 and a one-year low of $12.98. Currently, Veris Residential has an average volume of 597.1K.

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Veris Residential (VRE) Company Description:

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.