Vereit Inc. (NYSE:VER) declared a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Friday, September 30th will be paid a dividend of 0.1375 per share on Monday, October 17th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date is Wednesday, September 28th.
Vereit (NYSE:VER) opened at 10.34 on Tuesday. The firm’s market cap is $9.35 billion. The stock’s 50 day moving average is $10.33 and its 200-day moving average is $9.78. Vereit has a 12 month low of $6.68 and a 12 month high of $11.09.
Vereit (NYSE:VER) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.19 EPS for the quarter, hitting 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 business had revenue of $371 million for the quarter, compared to analyst estimates of $323.34 million. During the same period last year, the business posted $0.22 earnings per share. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. On average, analysts anticipate that Vereit will post $0.77 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Foundation Advisors increased its position in shares of Vereit by 0.5% in the second quarter. First Foundation Advisors now owns 7,129,076 shares of the company’s stock worth $72,289,000 after buying an additional 35,713 shares during the period. Fiera Capital Corp increased its position in shares of Vereit by 1.1% in the second quarter. Fiera Capital Corp now owns 282,900 shares of the company’s stock worth $2,869,000 after buying an additional 3,000 shares during the period. Jane Street Group LLC purchased a new position in shares of Vereit during the second quarter worth approximately $308,000. AQR Capital Management LLC purchased a new position in shares of Vereit during the second quarter worth approximately $1,582,000. Finally, Paloma Partners Management Co increased its position in shares of Vereit by 2.5% in the second quarter. Paloma Partners Management Co now owns 57,137 shares of the company’s stock worth $580,000 after buying an additional 1,392 shares during the period. 75.58% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on the stock. BMO Capital Markets restated a “buy” rating and set a $11.00 price objective 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 research 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 research report on Friday, August 5th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $10.06.
Vereit Company Profile
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