NYSE:VER - Vereit Stock Price, News, & Analysis

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$8.35 +0.18 (+2.20 %)
(As of 03/21/2019 12:55 PM ET)
Previous Close$8.17
Today's Range$8.16 - $8.38
52-Week Range$6.52 - $8.38
Volume382,871 shs
Average Volume8.12 million shs
Market Capitalization$8.08 billion
P/E Ratio11.62
Dividend Yield6.72%
Beta0.67
VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has a total asset book value of $14.0 billion including approximately 4,000 properties and 95.0 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties. VEREIT is a publicly traded Maryland corporation listed on the New York Stock Exchange.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone800-606-3610

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.26 billion
Cash Flow$0.6020 per share
Book Value$7.54 per share

Profitability

Net Income$-85,770,000.00

Miscellaneous

Employees180
Market Cap$8.08 billion
Next Earnings Date5/3/2019 (Estimated)
OptionableOptionable

Vereit (NYSE:VER) Frequently Asked Questions

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 announced a quarterly dividend on Wednesday, February 20th. Investors of record on Friday, March 29th will be given a dividend of $0.138 per share on Monday, April 15th. This represents a $0.55 annualized dividend and a yield of 6.61%. The ex-dividend date is Thursday, March 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 has authorized a stock buyback program on Sunday, June 4th 2017, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

How were Vereit's earnings last quarter?

Vereit Inc (NYSE:VER) announced its quarterly earnings results on Thursday, February, 21st. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.17 by $0.16. The financial services provider earned $313.26 million during the quarter, compared to the consensus estimate of $288.89 million. Vereit had a negative net margin of 6.82% and a negative return on equity of 1.18%. The company's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS. View Vereit's Earnings History.

When is Vereit's next earnings date?

Vereit is scheduled to release their next quarterly earnings announcement on Friday, May 3rd 2019. View Earnings Estimates for Vereit.

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

Vereit updated its FY19 earnings guidance on Thursday, February, 21st. The company provided earnings per share (EPS) guidance of $0.68 to $0.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.69. Vereit also updated its FY 2019 guidance to $0.68-0.70 EPS.

What price target have analysts set for VER?

4 brokers have issued 1-year price targets for Vereit's shares. Their forecasts range from $8.00 to $9.00. On average, they anticipate Vereit's stock price to reach $8.6667 in the next twelve months. This suggests a possible upside of 3.8% from the stock's current price. View Analyst Price Targets for Vereit.

What is the consensus analysts' recommendation for Vereit?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vereit in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Vereit.

Has Vereit been receiving favorable news coverage?

News headlines about VER stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Vereit earned a news sentiment score of 1.7 on InfoTrie's scale. They also gave press coverage about the financial services provider a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the company's share price in the near future.

Are investors shorting Vereit?

Vereit saw a increase in short interest during the month of February. As of February 15th, there was short interest totalling 34,679,856 shares, an increase of 9.9% from the January 31st total of 31,557,258 shares. Based on an average daily volume of 8,741,896 shares, the short-interest ratio is presently 4.0 days. Currently, 3.6% of the shares of the company are sold short. View Vereit's Current Options Chain.

Who are some of Vereit's key competitors?

What other stocks do shareholders of Vereit own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Vereit investors own include Realty Income (O), AT&T (T), Verizon Communications (VZ), ANNALY CAP MGMT/SH (NLY), Omega Healthcare Investors (OHI), Kinder Morgan (KMI), General Electric (GE), WP Carey (WPC), Bank of America (BAC) and Gilead Sciences (GILD).

Who are Vereit's key executives?

Vereit's management team includes the folowing people:
  • Mr. Glenn J. Rufrano, CEO & Director (Age 69)
  • Mr. Michael J. Bartolotta, Exec. VP & CFO (Age 62)
  • Mr. Paul H. McDowell, Exec. VP & COO (Age 59)
  • Mr. Thomas W. Roberts, Exec. VP & Chief Investment Officer (Age 60)
  • Ms. Lauren Goldberg, Exec. VP, Gen. Counsel & Sec. (Age 51)

Who are Vereit's major shareholders?

Vereit's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Cohen & Steers Inc. (10.09%), BlackRock Inc. (8.68%), FMR LLC (4.02%), LSV Asset Management (2.52%), PGGM Investments (2.52%) and Dimensional Fund Advisors LP (1.56%). Company insiders that own Vereit stock include Gavin Brandon, Glenn J Rufrano, Hugh R Frater, Julie Richardson, Paul H Mcdowell, Thomas W Roberts and William Craig Jr Miller. View Institutional Ownership Trends for Vereit.

Which institutional investors are selling Vereit stock?

VER stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Millennium Management LLC, Amundi Pioneer Asset Management Inc., Lakewood Capital Management LP, Lasalle Investment Management Securities LLC, Bank of Montreal Can, Real Estate Management Services LLC and Northern Trust Corp. View Insider Buying and Selling for Vereit.

Which institutional investors are buying Vereit stock?

VER stock was acquired by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Norges Bank, Oregon Public Employees Retirement Fund, Hsbc Holdings PLC, PGGM Investments, South Texas Money Management Ltd., Canada Pension Plan Investment Board and California Public Employees Retirement System. Company insiders that have bought Vereit stock in the last two years include Glenn J Rufrano, Hugh R Frater, Julie Richardson, Paul H Mcdowell, Thomas W Roberts and William Craig Jr Miller. View Insider Buying and Selling for Vereit.

How do I buy shares of Vereit?

Shares of VER can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Vereit's stock price today?

One share of VER stock can currently be purchased for approximately $8.35.

How big of a company is Vereit?

Vereit has a market capitalization of $8.08 billion and generates $1.26 billion in revenue each year. The financial services provider earns $-85,770,000.00 in net income (profit) each year or $0.72 on an earnings per share basis. Vereit employs 180 workers across the globe.

What is Vereit's official website?

The official website for Vereit is http://www.vereit.com.

How can I contact Vereit?

Vereit's mailing address is 2325 E. CAMELBACK ROAD SUITE 1100, PHOENIX AZ, 85016. The financial services provider can be reached via phone at 800-606-3610 or via email at [email protected]


MarketBeat Community Rating for Vereit (NYSE VER)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  384 (Vote Outperform)
Underperform Votes:  496 (Vote Underperform)
Total Votes:  880
MarketBeat's community ratings are surveys of what our community members think about Vereit and other stocks. Vote "Outperform" if you believe VER will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VER will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/21/2019 by MarketBeat.com Staff

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