A number of other equities research analysts have also recently commented on VER. BMO Capital Markets reaffirmed a buy rating and issued a $11.00 target price on shares of Vereit in a report on Thursday, June 16th. Zacks Investment Research raised shares of Vereit from a sell rating to a hold rating in a report on Tuesday, August 9th. 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. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $9.98.
Vereit (NYSE:VER) traded up 0.21% during midday trading on Thursday, reaching $9.72. The company had a trading volume of 1,148,782 shares. The stock’s market capitalization is $8.79 billion. Vereit has a 1-year low of $6.68 and a 1-year high of $11.09. The firm’s 50 day moving average is $10.12 and its 200 day moving average is $9.87.
Vereit (NYSE:VER) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Vereit had a negative net margin of 19.21% and a negative return on equity of 3.36%. The firm earned $371 million during the quarter, compared to analysts’ expectations of $323.34 million. During the same period in the previous year, the company earned $0.22 earnings per share. Vereit’s quarterly revenue was down 5.8% compared to the same quarter last year. On average, equities analysts anticipate that Vereit will post $0.77 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a dividend of $0.1375 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.55 annualized dividend and a yield of 5.67%. Vereit’s dividend payout ratio is currently -134.15%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Vereit by 1.1% in the second quarter. Vanguard Group Inc. now owns 135,834,331 shares of the company’s stock valued at $1,377,360,000 after buying an additional 1,416,327 shares in the last quarter. FMR LLC raised its position in shares of Vereit by 20.3% in the second quarter. FMR LLC now owns 82,998,582 shares of the company’s stock valued at $841,606,000 after buying an additional 14,029,056 shares during the last quarter. Cbre Clarion Securities LLC raised its position in shares of Vereit by 2.7% in the second quarter. Cbre Clarion Securities LLC now owns 35,253,903 shares of the company’s stock valued at $357,475,000 after buying an additional 923,858 shares during the last quarter. State Street Corp raised its position in shares of Vereit by 1.1% in the first quarter. State Street Corp now owns 21,399,450 shares of the company’s stock valued at $189,813,000 after buying an additional 238,808 shares during the last quarter. Finally, BlackRock Fund Advisors raised its position in shares of Vereit by 3.3% in the second quarter. BlackRock Fund Advisors now owns 13,348,991 shares of the company’s stock valued at $135,359,000 after buying an additional 427,627 shares during the last quarter. 75.58% of the stock is owned by hedge funds and other institutional investors.
Vereit Company Profile
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