Vereit (VER) Earning Somewhat Favorable Press Coverage, Analysis Shows

Lloyd Doyle
February 25, 2018

VER stock price revealed pessimistic move of -15.14% comparing average price of last 200 days. JMP Securities now has a market outperform rating on the financial services provider's stock. Instead, they should also do their own research-such as reading the prospectus for new companies or for public companies, the quarterly and annual reports filed with the SEC-to confirm whether a particular investment is appropriate for them in light of their individual financial circumstances. Finally, Stifel Nicolaus reissued a "hold" rating on shares of Vereit in a report on Wednesday, November 1st.

Taking a broader look at the analyst consensus, brokerage firms have a price target of $9.06 on Vereit Inc (NYSE:VER). ValuEngine lowered Vereit from a "buy" rating to a "hold" rating in a research note on Friday, February 2nd.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.25 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. The Average True Range, a measure of volatility is at 0.19, however its weekly and monthly volatility is 2.47%, 2.81% respectively.

Currently Vereit Inc (NYSE:VER)'s shares owned by insiders are 0.3%, whereas shares owned by institutional owners are 87.3%. The number of shares that were traded during the day was 10.57 million, which corresponds to its 3-month volume average of 9.92 million shares a day. Vereit has a 1-year low of $6.62 and a 1-year high of $9.12.

VEREIT, Inc. (NYSE:VER) has the Market Capitalization of 6.64 Billion. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60.

Vereit (NYSE:VER) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Vereit had a negative net margin of 3.76% and a negative return on equity of 0.61%. The business had revenue of $316.60 million during the quarter, compared to analyst estimates of $284.78 million.

They expect $0.17 EPS, up 0% or $0 from last year's $0.17 per share. Shareholders of record on Friday, March 30th will be paid a $0.138 dividend. The ex-dividend date is Wednesday, March 28th. It has a dividend yield of 8.08%. Vereit's dividend payout ratio (DPR) is now -5,494.51%. Dimensional Fund Advisors LP boosted its holdings in Vereit by 2.8% in the third quarter. Legal & General Group Plc boosted its holdings in Vereit by 8.6% in the third quarter.

Vereit Inc (NYSE:VER) down -1.46% to close at the price of $6.74. While talking about Performance of the Stock, VEREIT, Inc. now has a Weekly performance of -2.18%, monthly performance percentage is -9.53 percent, Quarterly performance is -16.48 percent, 6 months performance shows a percent value of -21.35% and Yearly Performance is -24.01 percent. During the same quarter in the previous year, the company posted $0.18 earnings per share. Advisors Asset Management Inc. now owns 17,100 shares of the financial services provider's stock valued at $142,000 after purchasing an additional 13,738 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Vereit in the 3rd quarter valued at approximately $117,000.

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