About VEREIT (NYSE:VER)
VEREIT, 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:
- Industry: Commercial REITs
- Sub-Industry: N/A
- Sector: Commercial REITs - NEC
- Symbol: NYSE:VER
- CUSIP: N/A
- Web: www.vereit.com
- Debt-to-Equity Ratio: 0.60%
- Current Ratio: 0.37%
- Quick Ratio: 0.37%
Sales & Book Value:
- Trailing P/E Ratio: 11.14
- Forward P/E Ratio: 11.05
- Annual Sales: $1.45482 billion
- Price / Sales: 5.40
- Cash Flow: $0.62 per share
- Price / Cash: 12.97
- Book Value: $8.44 per share
- Price / Book: 0.96
- Annual Dividend: $0.55
- Dividend Yield: 6.9%
- Trailing EPS: ($0.13)
- Net Income: ($195,860,000.00)
- Net Margins: -3.76%
- Return on Equity: -0.61%
- Return on Assets: -0.34%
- Employees: 350
- Outstanding Shares: 974,230,000
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 announced a quarterly dividend on Tuesday, November 7th. Investors of record on Friday, December 29th will be given a dividend of $0.138 per share on Tuesday, January 16th. This represents a $0.55 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date of this dividend is Thursday, December 28th. View VEREIT's Dividend History.
How will VEREIT's stock buyback program work?
VEREIT declared that its board has approved a stock buyback plan on Sunday, June 4th 2017, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication 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 earnings results on Thursday, August, 4th. The financial services provider reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The financial services provider had revenue of $371 million for the quarter, compared to the consensus estimate of $323.34 million. VEREIT had a negative net margin of 3.76% and a negative return on equity of 0.61%. The business's revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 earnings per share. View VEREIT's Earnings History.
When will VEREIT make its next earnings announcement?
What guidance has VEREIT issued on next quarter's earnings?
VEREIT issued an update on its FY17 earnings guidance on Wednesday, November, 8th. The company provided earnings per share (EPS) guidance of $0.73-0.74 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.68.
Where is VEREIT's stock going? Where will VEREIT's stock price be in 2017?
6 brokerages have issued twelve-month target prices for VEREIT's stock. Their forecasts range from $9.00 to $11.00. On average, they expect VEREIT's stock price to reach $10.00 in the next year. View Analyst Ratings for VEREIT.
Are investors shorting VEREIT?
VEREIT saw a decline in short interest in October. As of October 31st, there was short interest totalling 20,766,394 shares, a decline of 16.1% from the October 13th total of 24,739,712 shares. Based on an average trading volume of 11,899,649 shares, the short-interest ratio is currently 1.7 days. Approximately 2.1% of the shares of the stock are short sold.
Who are some of VEREIT's key competitors?
Some companies that are related to VEREIT include Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Federal Realty Investment Trust (FRT), Kilroy Realty Corporation (KRC), Douglas Emmett (DEI), Land Securities Group plc (LAND), Liberty Property Trust (LPT), British Land Company PLC (BLND), DuPont Fabros Technology (DFT), SEGRO plc (SGRO), EPR Properties (EPR), STORE Capital Corporation (STOR), Equity One (EQY), Hammerson plc (HMSO), Cousins Properties Incorporated (CUZ), PS Business Parks (PSB), Empire State Realty Trust (ESRT) and Derwent London Plc (DLN).
Who are VEREIT's key executives?
VEREIT's management team includes the folowing people:
- Glenn J. Rufrano, Chief Executive Officer, Director (Age 67)
- Michael J. Bartolotta CPA, Chief Financial Officer, Executive Vice President (Age 59)
- Paul H. McDowell, Chief Operating Officer, Executive Vice President (Age 57)
- Thomas W. Roberts, Executive Vice President, Chief Investment Officer (Age 58)
- Lauren R. Goldberg, Executive Vice President, General Counsel, Secretary (Age 49)
- William C. Miller, Executive Vice President - Investment Management (Age 47)
- Hugh R. Frater, Non-Executive Independent Chairman of the Board (Age 61)
- David B. Henry, Independent Director (Age 69)
- Mary Hogan Preusse, Independent Director (Age 48)
- Richard J. Lieb, Independent Director (Age 57)
Who owns VEREIT stock?
VEREIT's stock is owned by many different of institutional and retail investors. Top institutional investors include CI Investments Inc. (1.66%), Dimensional Fund Advisors LP (1.43%), PGGM Investments (0.91%), Legal & General Group Plc (0.72%), Fosun International Ltd (0.60%) and Prudential Financial Inc. (0.56%). Company insiders that own VEREIT stock include 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.
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 Long Pond Capital LP, CI Investments Inc., Prudential Financial Inc., Ameriprise Financial Inc., Green Street Investors LLC, APG Asset Management N.V., Real Estate Management Services LLC and Goodwin Daniel L. 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 Thompson Siegel & Walmsley LLC, Fosun International Ltd, Russell Investments Group Ltd., Wells Fargo & Company MN, Gruss Capital Management LP, JPMorgan Chase & Co., Canada Pension Plan Investment Board and Legal & General Group Plc. 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 VEREIT stock?
Shares of VEREIT 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 VEREIT stock can currently be purchased for approximately $8.07.
How big of a company is VEREIT?
VEREIT has a market capitalization of $7.8 billion and generates $1.45482 billion in revenue each year. The financial services provider earns ($195,860,000.00) in net income (profit) each year or ($0.13) on an earnings per share basis. VEREIT employs 350 workers across the globe.
How can I contact VEREIT?
VEREIT's mailing address is 2325 E Camelback Rd Ste 1100, PHOENIX, AZ 85016-9078, United States. The financial services provider can be reached via phone at +1-602-7786405 or via email at [email protected]
MarketBeat Community Rating for VEREIT (NYSE VER)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.
Analysts' Consensus Rating for VEREIT (NYSE:VER) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 1 Hold Rating, 4 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$10.00 (23.92% upside)|
Consensus Price Target History for VEREIT (NYSE:VER)
Analysts' Ratings History for VEREIT (NYSE:VER)
(Data available from 11/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|11/1/2017||Stifel Nicolaus||Reiterated Rating||Neutral -> Hold||N/A|
|3/22/2017||BMO Capital Markets||Set Price Target||Buy||$10.00||Medium|
|1/9/2017||JMP Securities||Upgrade||Market Perform -> Outperform||N/A|
|12/16/2016||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||$11.00||N/A|
|12/5/2016||Bank of America Corporation||Downgrade||Neutral -> Underperform||N/A|
|11/10/2016||DA Davidson||Reiterated Rating||Hold||N/A|
|8/5/2016||Capital One Financial Corporation||Upgrade||Equal Weight -> Overweight||N/A|
|5/16/2016||Oppenheimer Holdings, Inc.||Reiterated Rating||Hold||N/A|
|3/28/2016||The Goldman Sachs Group, Inc.||Reiterated Rating||Buy||$9.50||N/A|
Earnings History and Estimates Chart for VEREIT (NYSE:VER)
Earnings History by Quarter for VEREIT (NYSE VER)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/22/2018|| || || || || || || || |
|8/3/2017||Q2 2017||$0.18||$0.02||$296.02 million||$336.90 million||View||Listen|
|5/4/2017||Q1 2017||$0.18||$0.19||$297.94 million||$348.03 million||View||Listen|
|2/23/2017||Q416||($0.01)||$0.17||$309.69 million||$351.87 million||View||N/A|
|11/2/2016||Q316||$0.19||$0.20||$320.29 million||$362.90 million||View||N/A|
|8/4/2016||Q216||$0.19||$0.19||$323.34 million||$371.00 million||View||N/A|
|5/5/2016||Q116||$0.20||$0.21||$328.93 million||$369.00 million||View||N/A|
|2/24/2016||Q415||$0.20||$0.20||$351.17 million||$383.40 million||View||Listen|
|11/5/2015||Q315||$0.21||$0.21||$361.42 million||$385.00 million||View||N/A|
|8/6/2015||Q2||$0.21||$0.22||$355.09 million||$393.70 million||View||N/A|
|5/7/2015||Q115||$0.23||$0.22||$365.65 million||$394.00 million||View||N/A|
|3/30/2015||Q414||$0.24||$0.22||$391.00 million||$418.80 million||View||N/A|
|7/29/2014||Q214||$0.23||$0.24||$311.90 million||$382.00 million||View||N/A|
|5/8/2014||Q114||$0.29||$0.26||$277.97 million||$320.60 million||View||N/A|
|2/27/2014||Q413||$0.23||$0.25||$84.30 million||$94.10 million||View||N/A|
|11/7/2013||Q313||$0.19||$0.21||$51.60 million||$60.90 million||View||N/A|
|8/6/2013||Q2 2013||$0.19||$0.23||$41.24 million||$45.00 million||View||N/A|
|2/28/2013||Q412||$0.23||$0.28||$5.22 million||$5.60 million||View||N/A|
Earnings Estimates for VEREIT (NYSE:VER)
2017 EPS Consensus Estimate: $0.72
2018 EPS Consensus Estimate: $0.75
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for VEREIT (NYSE:VER)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||-423.08% (Trailing 12 Months of Earnings) |
75.34% (Based on This Year's Estimates)
74.32% (Based on Next Year's Estimates)
Dividend History by Quarter for VEREIT (NYSE VER)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for VEREIT (NYSE VER)
Insider Ownership Percentage: 0.09%
Institutional Ownership Percentage: 84.87%
Insider Trades by Quarter for VEREIT (NYSE VER)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/22/2017||William Craig Jr. Miller||Insider||Buy||12,725||$7.86||$100,018.50|| |
|5/17/2017||Paul H Mcdowell||Insider||Buy||7,000||$7.51||$52,570.00|| |
|5/16/2017||Julie Richardson||Director||Buy||15,000||$7.46||$111,900.00|| |
|5/15/2017||Thomas W Roberts||Insider||Buy||15,000||$7.60||$114,000.00|| |
|5/8/2017||Glenn J Rufrano||CEO||Buy||32,000||$7.81||$249,920.00|| |
|5/5/2017||Hugh R Frater||Insider||Buy||10,000||$7.81||$78,100.00|| |
|6/8/2016||Thomas W Roberts||Insider||Sell||100,000||$9.82||$982,000.00|| |
|11/10/2015||Michael J Bartolotta||Insider||Buy||30,500||$8.06||$245,830.00|| |
|9/11/2015||Hugh R Frater||Director||Buy||31,000||$7.91||$245,210.00|| |
|8/25/2015||Hugh R Frater||Director||Buy||31,000||$8.04||$249,240.00|| |
|8/24/2015||Glenn J Rufrano||CEO||Buy||120,000||$8.19||$982,800.00|| |
|7/11/2014||William G Stanley||Director||Buy||10,000||$12.66||$126,600.00|| |
|6/25/2014||Richard A Silfen||EVP||Buy||4,850||$12.34||$59,849.00|| |
|6/25/2014||William G Stanley||Director||Buy||18,000||$12.39||$223,020.00|| |
|6/11/2014||Richard A Silfen||EVP||Buy||7,500||$11.80||$88,500.00|| |
|5/21/2014||Scott Bowman||Director||Buy||10,000||$12.27||$122,700.00|| |
|5/16/2014||Scott Bowman||Director||Buy||10,000||$13.08||$130,800.00|| |
|4/21/2014||Edward Jr. Weil||Director||Buy||7,500||$13.28||$99,600.00|| |
|3/28/2014||Edward Jr. Weil||Director||Buy||10,000||$13.80||$138,000.00|| |
|3/28/2014||Lisa Beeson||COO||Buy||3,500||$13.88||$48,580.00|| |
|3/27/2014||Brian Block||CFO||Buy||20,000||$13.80||$276,000.00|| |
|3/27/2014||David Kay||President||Buy||15,000||$13.78||$206,700.00|| |
|3/27/2014||Nicholas Schorsch||CEO||Buy||50,000||$13.78||$689,000.00|| |
|3/27/2014||William Kahane||Director||Buy||25,000||$13.78||$344,500.00|| |
|1/17/2014||Leslie Michelson||Director||Buy||6,900||$13.53||$93,357.00|| |
|12/30/2013||Scott Bowman||Director||Buy||10,000||$12.75||$127,500.00|| |
|11/18/2013||Lisa Beeson||COO||Buy||7,500||$13.19||$98,925.00|| |
|11/18/2013||Peter Budko||EVP||Buy||20,000||$13.18||$263,600.00|| |
|11/15/2013||Edward Jr. Weil||Insider||Buy||15,000||$13.24||$198,600.00|| |
|11/15/2013||Nicholas Schorsch||CEO||Buy||30,000||$13.24||$397,200.00|| |
|8/20/2013||Brian Jones||COO||Buy||5,000||$13.05||$65,250.00|| |
|8/9/2013||Brian Block||CFO||Buy||25,000||$13.73||$343,250.00|| |
|8/9/2013||Peter Budko||EVP||Buy||50,000||$13.73||$686,500.00|| |
|4/11/2013||Brian D Jones||COO||Buy||3,000||$15.56||$46,680.00|| |
|4/11/2013||Brian S Block||CFO||Buy||10,000||$15.69||$156,900.00|| |
|4/11/2013||Nicholas S Schorsch||CEO||Buy||30,000||$15.69||$470,700.00|| |
|4/11/2013||Peter M Budko||EVP||Buy||30,001||$15.69||$470,715.69|| |
|3/4/2013||Brian D Jones||COO||Buy||2,000||$12.64||$25,280.00|| |
|3/4/2013||Edward M Jr. Weil||Insider||Buy||7,800||$12.82||$99,996.00|| |
|3/4/2013||William M Kahane||Director||Buy||50,000||$12.56||$628,000.00|| |
Latest Headlines for VEREIT (NYSE VER)
VEREIT (NYSE VER) Chart for Sunday, November, 19, 2017