NYSE:VER - Vereit Stock Price, Price Target & More

Sign in or create an account to add this stock to your watchlist.
$7.39 -0.11 (-1.47 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$7.39
Today's Range$7.38 - $7.53
52-Week Range$6.52 - $8.75
Volume7.46 million shs
Average Volume8.20 million shs
Market Capitalization$7.26 billion
P/E Ratio10.56
Dividend Yield7.33%
Beta0.58
Vereit logoVEREIT 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 $14.7 billion including approximately 4,100 properties and 94.4 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. Additional information about VEREIT can be found on its website at www.VEREIT.com and through social media platforms such as Twitter and LinkedIn.

Receive VER News and Ratings via Email

Sign-up to receive the latest news and ratings for VER and its competitors with MarketBeat's FREE daily newsletter.

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 Ratio0.64
Current Ratio0.35
Quick Ratio0.35

Price-To-Earnings

Trailing P/E Ratio10.56
Forward P/E Ratio10.56
P/E Growth4.34

Sales & Book Value

Annual Sales$1.25 billion
Price / Sales5.71
Cash Flow$0.8059 per share
Price / Cash9.17
Book Value$8.26 per share
Price / Book0.89

Profitability

EPS (Most Recent Fiscal Year)$0.70
Net Income$31.81 million
Net Margins3.78%
Return on Equity0.94%
Return on Assets0.52%

Miscellaneous

Employees330
Outstanding Shares968,260,000
Market Cap$7,261.97

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 Thursday, May 3rd. Stockholders of record on Friday, June 29th will be paid a dividend of $0.138 per share on Monday, July 16th. This represents a $0.55 annualized dividend and a dividend yield of 7.47%. The ex-dividend date is Thursday, June 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 program on Sunday, June 4th 2017, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its stock is undervalued.

How were Vereit's earnings last quarter?

Vereit Inc (NYSE:VER) posted its quarterly earnings data on Friday, May, 4th. The financial services provider reported $0.01 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.18 by $0.17. The financial services provider earned $290.60 million during the quarter, compared to analyst estimates of $299.80 million. Vereit had a return on equity of 0.94% and a net margin of 3.78%. Vereit's quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 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, August, 3rd 2018. View Earnings Estimates for Vereit.

What price target have analysts set for VER?

4 Wall Street analysts have issued 1 year price objectives for Vereit's shares. Their predictions range from $7.00 to $9.00. On average, they expect Vereit's share price to reach $8.00 in the next year. This suggests a possible upside of 8.3% from the stock's current price. View Analyst Ratings 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."

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)

Has Vereit been receiving favorable news coverage?

News headlines about VER stock have trended somewhat positive this week, Accern reports. Accern identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Vereit earned a media sentiment score of 0.08 on Accern's scale. They also assigned media stories about the financial services provider an impact score of 47.58 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Who are Vereit's major shareholders?

Vereit's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Real Estate Management Services LLC (0.36%), Bank of Montreal Can (0.25%), Financial & Investment Management Group Ltd. (0.10%), Westpac Banking Corp (0.09%), Foundry Partners LLC (0.09%) and State of Alaska Department of Revenue (0.04%). 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.

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, Financial & Investment Management Group Ltd., State of Alaska Department of Revenue, Real Estate Management Services LLC, Westpac Banking Corp and Nisa Investment Advisors LLC. View Insider Buying and Selling for Vereit.

Which institutional investors are buying Vereit stock?

VER stock was purchased by a variety of institutional investors in the last quarter, including Clinton Group Inc., Amalgamated Bank, Cornerstone Wealth Management LLC, Foundry Partners LLC, Fjarde AP Fonden Fourth Swedish National Pension Fund, IFM Investors Pty Ltd and DnB Asset Management AS. 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 $7.39.

How big of a company is Vereit?

Vereit has a market capitalization of $7.26 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.

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:  303 (Vote Outperform)
Underperform Votes:  401 (Vote Underperform)
Total Votes:  704
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 7/21/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.