VEREIT Company Profile (NYSE:VER)


VEREIT logoVEREIT, Inc. is a full-service real estate operating company. The Company operates through two business segments: real estate investment (REI) segment and investment management segment, Cole Capital. As of December 31, 2016, through its REI segment, the Company owned and managed a portfolio of 4,142 retail, restaurant, office and industrial real estate properties with an aggregate of 93.3 million square feet, which are located in 49 states, Puerto Rico and Canada. Through its Cole Capital segment, the Company is responsible for raising capital for and managing the affairs of certain non-listed real estate investment trusts (the Cole REITs) on a day-to-day basis, identifying and making acquisitions and investments on the Cole REITs' behalf. The Cole Capital segment sponsors and manages direct investment real estate programs, which primarily include over four publicly registered, non-traded REITs.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Commercial REITs
  • Sub-Industry: N/A
  • Symbol: NYSE:VER
  • CUSIP: N/A
  • Web:
  • Market Cap: $8.28 billion
  • Outstanding Shares: 973,924,000
Average Prices:
  • 50 Day Moving Avg: $8.53
  • 200 Day Moving Avg: $8.36
  • 52 Week Range: $7.44 - $10.44
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -0.31
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $1.4 billion
  • Price / Sales: 5.91
  • Book Value: $8.42 per share
  • Price / Book: 1.01
  • Annual Dividend: $0.55
  • Dividend Yield: 6.3%
  • EBIDTA: $1.12 billion
  • Net Margins: -2.72%
  • Return on Equity: -0.44%
  • Return on Assets: -0.25%
  • Debt-to-Equity Ratio: 0.61%
  • Current Ratio: 0.61%
  • Quick Ratio: 0.61%
  • Average Volume: 8.45 million shs.
  • Beta: 0.74
  • Short Ratio: 2.42

Frequently Asked Questions for VEREIT (NYSE:VER)

What is VEREIT's stock symbol?

VEREIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "VER."

How often does VEREIT pay dividends? What is the dividend yield for VEREIT?

VEREIT declared a quarterly dividend on Thursday, August 3rd. Shareholders of record on Friday, September 29th will be given a dividend of $0.138 per share on Monday, October 16th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date is Thursday, September 28th. This is a boost from VEREIT's previous quarterly dividend of $0.14. View VEREIT's Dividend History.

How will VEREIT's stock buyback program work?

VEREIT announced that its Board of Directors has authorized a share buyback program on Sunday, June 4th 2017, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

How were VEREIT's earnings last quarter?

VEREIT Inc. (NYSE:VER) announced its earnings results on Thursday, August, 3rd. The company reported $0.02 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.18 by $0.16. The company had revenue of $336.90 million for the quarter, compared to the consensus estimate of $296.02 million. VEREIT had a negative net margin of 2.72% and a negative return on equity of 0.44%. The business's revenue was down 9.2% compared to the same quarter last year. During the same period last year, the business earned $0.19 EPS. View VEREIT's Earnings History.

When will VEREIT make its next earnings announcement?

VEREIT is scheduled to release their next quarterly earnings announcement on Wednesday, November, 1st 2017. View Earnings Estimates for VEREIT.

What guidance has VEREIT issued on next quarter's earnings?

VEREIT issued an update on its FY17 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $0.71-0.73 for the period, compared to the Thomson Reuters consensus estimate of $0.70.

Where is VEREIT's stock going? Where will VEREIT's stock price be in 2017?

7 brokerages have issued 1 year target prices for VEREIT's stock. Their forecasts range from $9.00 to $11.00. On average, they expect VEREIT's share price to reach $9.88 in the next year. View Analyst Ratings for VEREIT.

Who are some of VEREIT's key competitors?

Who are VEREIT's key executives?

VEREIT's management team includes the folowing people:

  • Glenn J. Rufrano, Chief Executive Officer, Director
  • Michael J. Bartolotta CPA, Chief Financial Officer, Executive Vice President
  • Paul H. McDowell, Chief Operating Officer, Executive Vice President
  • Thomas W. Roberts, Executive Vice President, Chief Investment Officer
  • Lauren R. Goldberg, Executive Vice President, General Counsel, Secretary
  • William C. Miller, Executive Vice President - Investment Management
  • Hugh R. Frater, Non-Executive Independent Chairman of the Board
  • David B. Henry, Independent Director
  • Mary Hogan Preusse, Independent Director
  • Richard J. Lieb, Independent Director

Who owns VEREIT stock?

VEREIT's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.82%), BlackRock Inc. (8.00%), FMR LLC (7.17%), Cbre Clarion Securities LLC (4.00%), CI Investments Inc. (2.52%) and Glenview Capital Management LLC (1.84%). Company insiders that own VEREIT stock include Glenn J Rufrano, Hugh R Frater, Julie Richardson, Michael J Bartolotta, Paul H Mcdowell, Thomas W Roberts and William Craig Jr Miller. View Institutional Ownership Trends for VEREIT.

Who sold VEREIT stock? Who is selling VEREIT stock?

VEREIT's stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, JPMorgan Chase & Co., FMR LLC, Vanguard Group Inc., APG Asset Management N.V., Gruss Capital Management LP, Lasalle Investment Management Securities LLC and Cornerstone Capital Management Holdings LLC.. View Insider Buying and Selling for VEREIT.

Who bought VEREIT stock? Who is buying VEREIT stock?

VEREIT's stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Cbre Clarion Securities LLC, Fosun International Ltd, Prudential Financial Inc., LSV Asset Management, Green Street Investors LLC, BlackRock Inc. and Glenview Capital Management LLC. Company insiders that have bought VEREIT stock in the last two years include Glenn J Rufrano, Hugh R Frater, Julie Richardson, Michael J Bartolotta, Paul H Mcdowell, Thomas W Roberts and William Craig Jr Miller. View Insider Buying and Selling for VEREIT.

How do I buy VEREIT stock?

Shares of VEREIT can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is VEREIT's stock price today?

One share of VEREIT stock can currently be purchased for approximately $8.50.

MarketBeat Community Rating for VEREIT (NYSE VER)
Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  156 (Vote Outperform)
Underperform Votes:  253 (Vote Underperform)
Total Votes:  409
MarketBeat's community ratings are surveys of what our community members think about VEREIT and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for VEREIT (NYSE:VER) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 2 Hold Ratings, 4 Buy Ratings
Consensus Rating:Hold (Score: 2.43)
Consensus Price Target: $9.88 (16.18% upside)

Analysts' Ratings History for VEREIT (NYSE:VER)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/15/2017Evercore ISIUpgradeOutperform$9.00LowView Rating Details
3/22/2017BMO Capital MarketsSet Price TargetBuy$10.00MediumView Rating Details
1/9/2017JMP SecuritiesUpgradeMarket Perform -> OutperformN/AView Rating Details
12/16/2016J P Morgan Chase & CoUpgradeNeutral -> Overweight$11.00N/AView Rating Details
12/5/2016Bank of America CorporationDowngradeNeutral -> UnderperformN/AView Rating Details
11/10/2016DA DavidsonReiterated RatingHoldN/AView Rating Details
10/13/2016MizuhoInitiated CoverageNeutral$9.50N/AView Rating Details
8/5/2016Capital One Financial CorporationUpgradeEqual Weight -> OverweightN/AView Rating Details
5/16/2016Oppenheimer Holdings, Inc.Reiterated RatingHoldN/AView Rating Details
3/28/2016Goldman Sachs Group, Inc. (The)Reiterated RatingBuy$9.50N/AView Rating Details
(Data available from 9/20/2015 forward)


Earnings History for VEREIT (NYSE:VER)
Earnings by Quarter for VEREIT (NYSE:VER)
Earnings History by Quarter for VEREIT (NYSE VER)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/31/2017$0.50N/AView Earnings Details
8/3/2017Q2 2017$0.18$0.02$296.02 million$336.90 millionViewListenView Earnings Details
5/4/2017Q1 2017$0.18$0.19$297.94 million$348.03 millionViewListenView Earnings Details
2/23/2017Q416($0.01)$0.17$309.69 million$351.87 millionViewN/AView Earnings Details
11/2/2016Q316$0.19$0.20$320.29 million$362.90 millionViewN/AView Earnings Details
8/4/2016Q216$0.19$0.19$323.34 million$371.00 millionViewN/AView Earnings Details
5/5/2016Q116$0.20$0.21$328.93 million$369.00 millionViewN/AView Earnings Details
2/24/2016Q415$0.20$0.20$351.17 million$383.40 millionViewListenView Earnings Details
11/5/2015Q315$0.21$0.21$361.42 million$385.00 millionViewN/AView Earnings Details
8/6/2015Q2$0.21$0.22$355.09 million$393.70 millionViewN/AView Earnings Details
5/7/2015Q115$0.23$0.22$365.65 million$394.00 millionViewN/AView Earnings Details
3/30/2015Q414$0.24$0.22$391.00 million$418.80 millionViewN/AView Earnings Details
3/2/2015$0.25$0.26$457.12 millionViewN/AView Earnings Details
7/29/2014Q214$0.23$0.24$311.90 million$382.00 millionViewN/AView Earnings Details
5/8/2014Q114$0.29$0.26$277.97 million$320.60 millionViewN/AView Earnings Details
2/27/2014Q413$0.23$0.25$84.30 million$94.10 millionViewN/AView Earnings Details
11/7/2013Q313$0.19$0.21$51.60 million$60.90 millionViewN/AView Earnings Details
8/6/2013Q2 2013$0.19$0.23$41.24 million$45.00 millionViewN/AView Earnings Details
5/6/20131Q13$0.17($0.90)$5.40 millionViewN/AView Earnings Details
2/28/2013Q412$0.23$0.28$5.22 million$5.60 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for VEREIT (NYSE:VER)
2017 EPS Consensus Estimate: $0.73
2018 EPS Consensus Estimate: $0.76
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.17$0.18$0.18
Q2 20173$0.18$0.18$0.18
Q3 20173$0.18$0.19$0.18
Q4 20173$0.18$0.20$0.19
Q1 20182$0.18$0.19$0.19
Q2 20182$0.18$0.20$0.19
Q3 20182$0.18$0.20$0.19
Q4 20182$0.19$0.19$0.19
(Data provided by Zacks Investment Research)


Current Dividend Information for VEREIT (NYSE:VER)
Next Dividend:10/16/2017
Annual Dividend:$0.55
Dividend Yield:6.47%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-499.95% (Trailing 12 Months of Earnings)
-32.35% (Based on This Year's Estimates)
-1.99% (Based on Next Year's Estimates)
Dividend Payments by Quarter for VEREIT (NYSE:VER)

Dividend History by Quarter for VEREIT (NYSE VER)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/21/2014dec 14$0.0811.12%12/4/201412/8/201412/15/2014
9/19/2014oct 14$0.0810/8/201410/15/2014
8/20/2014sep 14$0.087.52%9/4/20149/8/20149/15/2014
1/24/2014feb 14$0.082/5/20142/7/20142/14/2014
10/30/2013nov 13$0.0811/8/201311/15/2013
8/27/2013sep 13$0.089/8/20139/15/2013
7/29/2013aug 13$0.088/8/20138/15/2013
5/30/2013jun 13$0.086/8/20136/15/2013
3/26/2013apr 13$0.084/8/20134/15/2013
2/26/2013mar 13$0.083/8/20133/15/2013
1/28/2013feb 13$0.072/8/20132/15/2013
12/27/2012jan 13$0.071/8/20131/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for VEREIT (NYSE:VER)
Insider Ownership Percentage: 0.09%
Institutional Ownership Percentage: 85.99%
Insider Trades by Quarter for VEREIT (NYSE:VER)
Institutional Ownership by Quarter for VEREIT (NYSE:VER)
Insider Trades by Quarter for VEREIT (NYSE:VER)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/22/2017William Craig Jr. MillerInsiderBuy12,725$7.86$100,018.50View SEC Filing  
5/17/2017Paul H McdowellInsiderBuy7,000$7.51$52,570.00View SEC Filing  
5/16/2017Julie RichardsonDirectorBuy15,000$7.46$111,900.00View SEC Filing  
5/15/2017Thomas W RobertsInsiderBuy15,000$7.60$114,000.00View SEC Filing  
5/8/2017Glenn J RufranoCEOBuy32,000$7.81$249,920.00View SEC Filing  
5/5/2017Hugh R FraterInsiderBuy10,000$7.81$78,100.00View SEC Filing  
6/8/2016Thomas W RobertsInsiderSell100,000$9.82$982,000.00View SEC Filing  
11/10/2015Michael J BartolottaInsiderBuy30,500$8.06$245,830.00View SEC Filing  
9/11/2015Hugh R FraterDirectorBuy31,000$7.91$245,210.00View SEC Filing  
8/25/2015Hugh R FraterDirectorBuy31,000$8.04$249,240.00View SEC Filing  
8/24/2015Glenn J RufranoCEOBuy120,000$8.19$982,800.00View SEC Filing  
7/11/2014William G StanleyDirectorBuy10,000$12.66$126,600.00View SEC Filing  
6/25/2014Richard A SilfenEVPBuy4,850$12.34$59,849.00View SEC Filing  
6/25/2014William G StanleyDirectorBuy18,000$12.39$223,020.00View SEC Filing  
6/11/2014Richard A SilfenEVPBuy7,500$11.80$88,500.00View SEC Filing  
5/21/2014Scott BowmanDirectorBuy10,000$12.27$122,700.00View SEC Filing  
5/16/2014Scott BowmanDirectorBuy10,000$13.08$130,800.00View SEC Filing  
4/21/2014Edward Jr. WeilDirectorBuy7,500$13.28$99,600.00View SEC Filing  
3/28/2014Edward Jr. WeilDirectorBuy10,000$13.80$138,000.00View SEC Filing  
3/28/2014Lisa BeesonCOOBuy3,500$13.88$48,580.00View SEC Filing  
3/27/2014Brian BlockCFOBuy20,000$13.80$276,000.00View SEC Filing  
3/27/2014David KayPresidentBuy15,000$13.78$206,700.00View SEC Filing  
3/27/2014Nicholas SchorschCEOBuy50,000$13.78$689,000.00View SEC Filing  
3/27/2014William KahaneDirectorBuy25,000$13.78$344,500.00View SEC Filing  
1/17/2014Leslie MichelsonDirectorBuy6,900$13.53$93,357.00View SEC Filing  
12/30/2013Scott BowmanDirectorBuy10,000$12.75$127,500.00View SEC Filing  
11/18/2013Lisa BeesonCOOBuy7,500$13.19$98,925.00View SEC Filing  
11/18/2013Peter BudkoEVPBuy20,000$13.18$263,600.00View SEC Filing  
11/15/2013Edward Jr. WeilInsiderBuy15,000$13.24$198,600.00View SEC Filing  
11/15/2013Nicholas SchorschCEOBuy30,000$13.24$397,200.00View SEC Filing  
8/20/2013Brian JonesCOOBuy5,000$13.05$65,250.00View SEC Filing  
8/9/2013Brian BlockCFOBuy25,000$13.73$343,250.00View SEC Filing  
8/9/2013Peter BudkoEVPBuy50,000$13.73$686,500.00View SEC Filing  
4/11/2013Brian D JonesCOOBuy3,000$15.56$46,680.00View SEC Filing  
4/11/2013Brian S BlockCFOBuy10,000$15.69$156,900.00View SEC Filing  
4/11/2013Nicholas S SchorschCEOBuy30,000$15.69$470,700.00View SEC Filing  
4/11/2013Peter M BudkoEVPBuy30,001$15.69$470,715.69View SEC Filing  
3/4/2013Brian D JonesCOOBuy2,000$12.64$25,280.00View SEC Filing  
3/4/2013Edward M Jr. WeilInsiderBuy7,800$12.82$99,996.00View SEC Filing  
3/4/2013William M KahaneDirectorBuy50,000$12.56$628,000.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for VEREIT (NYSE:VER)
Latest Headlines for VEREIT (NYSE:VER)
DateHeadline logoVEREIT Inc. (VER) Receives Average Rating of "Hold" from Analysts - September 20 at 9:24 AM logoVereit: Class Action Certified - September 19 at 9:19 AM logoVEREIT® Selected as One of Arizona's Most Admired Companies in 2017 by Az Business Magazine and ... - PR Newswire (press release) - September 15 at 3:43 PM logoVEREIT® Selected as One of Arizona's Most Admired Companies in 2017 by Az Business Magazine and BestCompaniesAZ - September 15 at 10:56 AM logoCritical Analysis: Monmouth Real Estate Investment Corporation (MNR) and VEREIT (VER) - September 13 at 2:32 PM logoVEREIT Named Top Dividend Stock With Insider Buying and 6.36% Yield (VER) - September 12 at 11:50 AM logo$299.17 Million in Sales Expected for VEREIT Inc. (VER) This Quarter - September 11 at 10:02 AM logoVEREIT: Price Target $10 - September 4 at 8:29 PM logoVEREIT, Inc. breached its 50 day moving average in a Bullish Manner : VER-US : September 1, 2017 - September 1 at 10:42 AM logoEarnings Review and Free Research Report: Lamar Topped Revenue and Adjusted FFO Estimates; Free Cash Flow Grew 6.3% - August 30 at 10:48 AM logoEarnings Review and Free Research Report: Lamar Topped Revenue and Adjusted FFO Estimates; Free Cash Flow Grew 6.3% - August 30 at 10:48 AM logoVEREIT Inc. (VER) Given Consensus Recommendation of "Hold" by Brokerages - August 26 at 9:26 AM logoVEREIT's Series F Preferred Stock Yield Pushes Past 6.5% - August 10 at 3:33 PM logoSee what the IHS Markit Score report has to say about Vereit Inc. - August 10 at 3:33 PM logoVEREIT, Inc. Announces Pricing of $600 Million of Senior Notes - PR Newswire (press release) - August 10 at 9:24 AM logoQ3 2018 EPS Estimates for VEREIT Inc. Reduced by DA Davidson (NYSE:VER) - August 9 at 1:28 PM logoVEREIT, Inc. Announces Pricing of $600 Million of Senior Notes - August 9 at 8:53 AM logoTop Ranked Income Stocks to Buy for August 7th - August 8 at 8:06 AM logoVEREIT Inc. (NYSE:VER) Expected to Post Quarterly Sales of $305.33 Million - August 5 at 7:18 AM logoFY2018 Earnings Forecast for VEREIT Inc. Issued By Capital One Financial Corporation (VER) - August 4 at 5:44 PM logoVEREIT Inc. (NYSE:VER) Raises Dividend to $0.14 Per Share - August 4 at 2:23 PM logoVEREIT® Announces Second Quarter 2017 Operating Results - PR Newswire (press release) - August 4 at 9:40 AM logoInvestor Network: VEREIT, Inc. to Host Earnings Call - August 4 at 9:40 AM logoEdited Transcript of VER earnings conference call or presentation 3-Aug-17 5:00pm GMT - August 4 at 9:40 AM logoVEREIT Inc. (NYSE:VER) Issues Quarterly Earnings Results, Hits Estimates - August 3 at 5:36 PM logoVEREIT Inc. (NYSE:VER) Releases FY17 Earnings Guidance - August 3 at 11:08 AM logoVEREIT Inc. (NYSE:VER) Expected to Announce Earnings of $0.18 Per Share - August 3 at 10:14 AM logoVereit lifts bottom end of full-year guidance - Seeking Alpha - August 3 at 8:34 AM logoVEREIT® Announces Second Quarter 2017 Operating Results - August 3 at 8:34 AM logoVereit reports 2Q results - August 3 at 8:34 AM logoVEREIT Inc. (NYSE:VER) Given Average Rating of "Hold" by Analysts - August 1 at 8:53 AM logoCombining My Two Passions: Nothin' But Net - July 31 at 7:06 AM logoVEREIT Inc. (VER) Short Interest Update - July 31 at 7:03 AM logoVEREIT Inc. (NYSE:VER) Rating Lowered to Sell at BidaskClub - July 29 at 11:11 AM logoVEREIT Inc. (NYSE:VER) to Release Quarterly Earnings on Thursday - July 27 at 7:49 AM logoETFs with exposure to VEREIT, Inc. : July 25, 2017 - July 26 at 9:44 AM logoCan You Handle The Truth On This High-Yield REIT? - July 25 at 8:14 AM logoStocks Under Scanner in the REIT Space -- Spirit Realty Capital, VEREIT, Annaly Capital Management, and Gaming and Leisure Properties - July 20 at 2:07 AM logoVEREIT Inc. (NYSE:VER) Stock Rating Upgraded by Zacks Investment Research - July 19 at 3:05 PM logoStocks Under Scanner in the REIT Space -- Spirit Realty Capital, VEREIT, Annaly Capital Management, and Gaming ... - PR Newswire (press release) - July 19 at 9:01 AM logoVEREIT Inc. (NYSE:VER) Sees Large Increase in Short Interest - July 18 at 7:22 AM logoVEREIT Inc. (VER) Rating Increased to Hold at BidaskClub - July 16 at 8:56 PM logoETFs with exposure to VEREIT, Inc. : July 14, 2017 - July 14 at 9:56 PM logo Analysts Anticipate VEREIT Inc. (NYSE:VER) Will Post Quarterly Sales of $305.01 Million - July 14 at 4:22 PM logoVEREIT: Is A Breakout Just Around The Corner? - July 14 at 9:43 AM logoZacks: Brokerages Anticipate VEREIT Inc. (VER) to Post $0.18 Earnings Per Share - July 12 at 7:56 AM logoVEREIT, Inc. breached its 50 day moving average in a Bearish Manner : VER-US : July 11, 2017 - July 11 at 9:12 AM logoVEREIT® to Issue Second Quarter 2017 Quarterly Report and Host Earnings Conference Call on Thursday, August 3 ... - PR Newswire (press release) - June 29 at 9:13 PM logoVEREIT Inc. (VER) Ex-Dividend Date Scheduled for June 28, 2017 - Nasdaq - June 29 at 9:13 PM logoVEREIT® to Issue Second Quarter 2017 Quarterly Report and Host Earnings Conference Call on Thursday, August 3, 2017 - June 29 at 7:49 AM



VEREIT (VER) Chart for Wednesday, September, 20, 2017

This page was last updated on 9/20/2017 by Staff