VEREIT (VER) Stock Forecast, Price & News

VEREIT, Inc. (NYSE:VER) posted its quarterly earnings results on Thursday, October, 28th. The financial services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.33 by $0.08. The financial services provider earned $289.67 million during the quarter, compared to analyst estimates of $295.90 million. VEREIT had a net margin of 22.20% and a trailing twelve-month return on equity of 3.87%. The company's quarterly revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm posted $0.15 earnings per share.

VEREIT (NYSE:VER) pays an annual dividend of $1.85 per share and currently has a dividend yield of 3.68%. The dividend payout ratio is 59.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VER will have a dividend payout ratio of 54.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for VER.

VEREIT shares reverse split on the morning of Friday, December 18th 2020. The 1-5 reverse split was announced on Thursday, November 5th 2020. The number of shares owned by shareholders was adjusted after the market closes on Thursday, December 17th 2020. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

19 employees have rated VEREIT Chief Executive Officer Glenn Rufrano on Glassdoor.com. Glenn Rufrano has an approval rating of 71% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other VEREIT investors own include OPKO Health (OPK), AT&T (T), Vuzix (VUZI), Annaly Capital Management (NLY), Realty Income (O), Ford Motor (F), Verizon Communications (VZ), New Residential Investment (NRZ), Gilead Sciences (GILD) and Two Harbors Investment (TWO).

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

One share of VER stock can currently be purchased for approximately $50.30.

VEREIT (NYSE:VER) has a market capitalization of $11.53 billion and generates $1.16 billion in revenue each year. The financial services provider earns $201.13 million in net income (profit) each year or $3.11 on an earnings per share basis.

The company employs 160 workers across the globe.

VEREIT's mailing address is 2325 E. CAMELBACK ROAD 9TH FLOOR, PHOENIX AZ, 85016. The official website for the company is www.vereit.com. The financial services provider can be reached via phone at (602) 778-6000 or via email at investorrelations@vereit.com.