Vereit Inc. (NYSE:VER)‘s stock had its “hold” rating reiterated by stock analysts at JMP Securities in a report released on Sunday.
A number of other research analysts have also recently commented on VER. Mizuho initiated coverage on shares of Vereit in a report on Thursday, October 13th. They issued a “neutral” rating and a $9.50 target price for the company. Zacks Investment Research cut shares of Vereit from a “hold” rating to a “sell” rating in a report on Tuesday, October 18th. Finally, Capital One Financial Corp. raised shares of Vereit from an “equal weight” rating to an “overweight” rating in a report on Friday, August 5th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $9.97.
Shares of Vereit (NYSE:VER) traded up 1.33% on Friday, reaching $8.41. 1,904,484 shares of the company were exchanged. The company’s market cap is $8.19 billion. Vereit has a 12 month low of $6.68 and a 12 month high of $11.09. The company’s 50-day moving average price is $9.06 and its 200 day moving average price is $9.87.
Vereit (NYSE:VER) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $362.90 million for the quarter, compared to the consensus estimate of $320.29 million. Vereit had a negative net margin of 18.02% and a negative return on equity of 3.12%. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 earnings per share. On average, equities research analysts expect that Vereit will post $0.77 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Friday, December 30th will be issued a $0.1375 dividend. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $0.55 dividend on an annualized basis and a yield of 6.54%. Vereit’s dividend payout ratio (DPR) is presently -141.02%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Benjamin F. Edwards & Company purchased a new position in Vereit during the fourth quarter valued at about $0. Trust Co. of Vermont raised its position in Vereit by 152.5% in the third quarter. Trust Co. of Vermont now owns 10,100 shares of the company’s stock valued at $105,000 after buying an additional 6,100 shares during the last quarter. United Services Automobile Association purchased a new position in Vereit during the third quarter valued at about $105,000. Quadrant Capital Group LLC raised its position in Vereit by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 10,366 shares of the company’s stock valued at $104,000 after buying an additional 56 shares during the last quarter. Finally, Mizuho Asset Management Co. Ltd. purchased a new position in Vereit during the second quarter valued at about $106,000. Institutional investors and hedge funds own 79.27% of the company’s stock.
Vereit Company Profile