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

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$7.22 +0.03 (+0.42 %)
(As of 10/21/2018 03:02 AM ET)
Previous Close$7.22
Today's Range$7.16 - $7.2350
52-Week Range$6.52 - $8.26
Volume9.66 million shs
Average Volume12.39 million shs
Market Capitalization$6.96 billion
P/E Ratio10.31
Dividend Yield7.65%
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 $14.3 billion including approximately 4,000 properties and 94.6 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

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:VER
CUSIPN/A
Phone800-606-3610

Debt

Debt-to-Equity Ratio0.66
Current Ratio0.35
Quick Ratio0.35

Price-To-Earnings

Trailing P/E Ratio10.31
Forward P/E Ratio10.62
P/E Growth3.72

Sales & Book Value

Annual Sales$1.25 billion
Price / Sales5.58
Cash Flow$0.8205 per share
Price / Cash8.80
Book Value$8.26 per share
Price / Book0.87

Profitability

EPS (Most Recent Fiscal Year)$0.70
Net Income$31.81 million
Net Margins-4.44%
Return on Equity-0.40%
Return on Assets-0.22%

Miscellaneous

Employees330
Outstanding Shares967,490,000
Market Cap$6.96 billion

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 declared a quarterly dividend on Monday, August 6th. Investors of record on Friday, September 28th will be given a dividend of $0.1375 per share on Monday, October 15th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 7.62%. The ex-dividend date of this dividend is Thursday, September 27th. View Vereit's Dividend History.

How will Vereit's stock buyback program work?

Vereit announced that its Board of Directors has authorized a share 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. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

How were Vereit's earnings last quarter?

Vereit Inc (NYSE:VER) released its earnings results on Friday, August, 3rd. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.18 by $0.27. The financial services provider earned $315.60 million during the quarter, compared to analysts' expectations of $297.35 million. Vereit had a negative return on equity of 0.40% and a negative net margin of 4.44%. The business's revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm 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 Tuesday, November 6th 2018. View Earnings Estimates for Vereit.

How can I listen to Vereit's earnings call?

Vereit will be holding an earnings conference call on Tuesday, November 6th 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 updated its FY18 earnings guidance on Friday, August, 3rd. The company provided earnings per share (EPS) guidance of $0.70-0.72 for the period, compared to the Thomson Reuters consensus estimate of $0.68.

What price target have analysts set for VER?

5 brokerages have issued 1-year price targets for Vereit's stock. Their predictions range from $8.00 to $9.00. On average, they expect Vereit's stock price to reach $8.6667 in the next twelve months. This suggests a possible upside of 20.0% 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 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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:
  • Mr. Glenn J. Rufrano, CEO & Director (Age 68)
  • Mr. Michael J. Bartolotta, Exec. VP & CFO (Age 61)
  • Mr. Paul H. McDowell, Exec. VP & COO (Age 58)
  • Mr. Thomas W. Roberts, Exec. VP & Chief Investment Officer (Age 59)
  • Ms. Lauren Goldberg, Exec. VP, Gen. Counsel & Sec. (Age 50)

Who are Vereit's major shareholders?

Vereit's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.39%), Sumitomo Mitsui Asset Management Company LTD (0.17%), Strs Ohio (0.15%), Foundry Partners LLC (0.11%), Financial & Investment Management Group Ltd. (0.10%) and Andra AP fonden (0.09%). 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 major investors are selling Vereit stock?

VER stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Asset Management Company LTD, Financial & Investment Management Group Ltd. and Xact Kapitalforvaltning AB. View Insider Buying and Selling for Vereit.

Which major investors are buying Vereit stock?

VER stock was bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Timbercreek Investment Management Inc., Foundry Partners LLC, Aperio Group LLC, Andra AP fonden, First Hawaiian Bank, Strs Ohio and Nisa Investment Advisors LLC. 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 $7.22.

How big of a company is Vereit?

Vereit has a market capitalization of $6.96 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:  361 (Vote Outperform)
Underperform Votes:  463 (Vote Underperform)
Total Votes:  824
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 10/21/2018 by MarketBeat.com Staff

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