Truist analyst Michael Lewis raised the firm’s price target on Veris Residential (VRE) to $17 from $16 and keeps a Hold rating on the shares as part of a broader research note on REITs. The firm is updating its models to reflect all information received since Q4 results in the sector, including any disclosed January/February portfolio results, along with its updated market rent growth forecasts and the latest overnight financing rate and 10-year Treasury yield curves, the analyst tells investors in a research note.
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Read More on VRE:
- Veris Residential price target raised to $17 from $16 at Truist
- Veris Residential files to sell 522,020 shares of common stock for holders
- Veris Residential’s Earnings Call Highlights Growth and Challenges
- Veris Residential downgraded to In Line from Outperform at Evercore ISI
- Veris Residential Reports 2024 Earnings and Strategic Plans
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