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

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$7.66 -0.08 (-1.03 %)
(As of 01/24/2019 08:51 AM ET)
Previous Close$7.74
Today's Range$7.63 - $7.75
52-Week Range$6.52 - $8.00
Volume7.01 million shs
Average Volume6.35 million shs
Market Capitalization$7.41 billion
P/E Ratio10.94
Dividend Yield7.11%
Beta0.52
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 $14.1 billion including approximately 4,000 properties and 93.9 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$1.25 billion
Cash Flow$0.8089 per share
Book Value$8.26 per share

Profitability

Net Income$31.81 million

Miscellaneous

Employees330
Market Cap$7.41 billion
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, November 7th. Investors of record on Monday, December 31st will be given a dividend of $0.1375 per share on Tuesday, January 15th. This represents a $0.55 annualized dividend and a dividend yield of 7.18%. The ex-dividend date of this dividend is Friday, December 28th. View Vereit's Dividend History.

How will Vereit's stock buyback program work?

Vereit declared that its Board of Directors has approved a stock repurchase plan 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 purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its stock is undervalued.

How were Vereit's earnings last quarter?

Vereit Inc (NYSE:VER) released its quarterly earnings results on Tuesday, November, 6th. The financial services provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.27. The financial services provider had revenue of $289.03 million for the quarter, compared to the consensus estimate of $291.19 million. Vereit had a negative return on equity of 1.53% and a negative net margin of 11.51%. Vereit's revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share. View Vereit's Earnings History.

When is Vereit's next earnings date?

Vereit is scheduled to release their next quarterly earnings announcement on Thursday, February 21st 2019. View Earnings Estimates for Vereit.

How can I listen to Vereit's earnings call?

Vereit will be holding an earnings conference call on Thursday, February 21st at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link.

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

Vereit issued an update on its FY18 earnings guidance on Tuesday, November, 6th. The company provided earnings per share guidance of $0.71-0.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.71. Vereit also updated its FY 2018 guidance to $0.71-0.72 EPS.

What price target have analysts set for VER?

5 analysts have issued twelve-month target prices for Vereit's stock. Their predictions range from $8.00 to $9.00. On average, they anticipate Vereit's share price to reach $8.75 in the next year. This suggests a possible upside of 14.2% from the stock's current price. View Analyst Price Targets for Vereit.

What is the consensus analysts' recommendation for Vereit?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vereit in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Vereit.

Has Vereit been receiving favorable news coverage?

Press coverage about VER stock has trended negative recently, InfoTrie reports. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Vereit earned a media sentiment score of -2.0 on InfoTrie's scale. They also assigned news 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 effect on the company's share price in the next several days.

Are investors shorting Vereit?

Vereit saw a increase in short interest in December. As of December 31st, there was short interest totalling 38,491,786 shares, an increase of 25.6% from the December 14th total of 30,642,407 shares. Based on an average trading volume of 10,102,884 shares, the short-interest ratio is currently 3.8 days. Currently, 4.0% of the shares of the company are sold short. View Vereit's Current Options Chain.

Who are some of Vereit's key competitors?

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 institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.24%), Timbercreek Investment Management Inc. (0.20%), Goodwin Daniel L (0.17%), Strs Ohio (0.16%), State of Alaska Department of Revenue (0.04%) and Nisa Investment Advisors LLC (0.02%). 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 Bank of Montreal Can, DNB Asset Management AS, Goodwin Daniel L, Oakbrook Investments LLC and Meeder Asset Management Inc.. View Insider Buying and Selling for Vereit.

Which institutional investors are buying Vereit stock?

VER stock was bought by a variety of institutional investors in the last quarter, including Timbercreek Investment Management Inc., CenturyLink Investment Management Co, Strs Ohio, Nisa Investment Advisors LLC, State of Alaska Department of Revenue, Lourd Capital LLC, First Hawaiian Bank and IFM Investors Pty Ltd. 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 $7.66.

How big of a company is Vereit?

Vereit has a market capitalization of $7.41 billion and generates $1.25 billion in revenue each year. The financial services provider earns $31.81 million in net income (profit) each year or $0.70 on an earnings per share basis. Vereit employs 330 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 EAST 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:  371 (Vote Outperform)
Underperform Votes:  476 (Vote Underperform)
Total Votes:  847
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 1/24/2019 by MarketBeat.com Staff

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