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

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

VEREIT announced a quarterly dividend on Thursday, May 3rd. Investors of record on Friday, June 29th will be given a dividend of $0.138 per share on Monday, July 16th. This represents a $0.55 annualized dividend and a dividend yield of 7.97%. The ex-dividend date of this dividend is Thursday, June 28th. View VEREIT's Dividend History.

VEREIT declared that its Board of Directors has initiated a share buyback program on Sunday, June 4th 2017, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

VEREIT (NYSE:VER) released its quarterly earnings data on Friday, May, 4th. The financial services provider reported $0.01 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.18 by $0.17. The financial services provider had revenue of $290.60 million for the quarter, compared to analyst estimates of $299.80 million. VEREIT had a net margin of 3.78% and a return on equity of 0.94%. The business's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.19 earnings per share. View VEREIT's Earnings History.

VEREIT is scheduled to release their next quarterly earnings announcement on Thursday, August, 2nd 2018. View Earnings Estimates for VEREIT.

VEREIT updated its FY18 earnings guidance on Thursday, February, 22nd. The company provided earnings per share guidance of $0.70-0.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.70.

3 brokers have issued 12 month price targets for VEREIT's shares. Their predictions range from $7.00 to $9.00. On average, they anticipate VEREIT's share price to reach $8.00 in the next twelve months. View Analyst Ratings for VEREIT.

VEREIT saw a decrease in short interest during the month of April. As of April 13th, there was short interest totalling 29,530,686 shares, a decrease of 9.6% from the March 30th total of 32,682,711 shares. Based on an average trading volume of 7,397,956 shares, the days-to-cover ratio is presently 4.0 days. Approximately 3.1% of the company's stock are sold short.

Some companies that are related to VEREIT include Unibail-Rodamco (UNRDY), Equity Residential (EQR), AvalonBay Communities (AVB), Digital Realty (DLR), Welltower (WELL), GGP (GGP), Ventas (VTR), SBA Communications (SBAC), Boston Properties (BXP), Host Hotels & Resorts (HST), Essex Property Trust (ESS), Realty Income (O), Gecina (GECFF), Klépierre (KLPEF) and Vornado Realty Trust (VNO).

News articles about VER stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. VEREIT earned a news impact score of 0.22 on Accern's scale. They also assigned media coverage about the financial services provider an impact score of 45.67 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

VEREIT's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.47%), Thompson Siegel & Walmsley LLC (2.51%), LSV Asset Management (2.04%), Centersquare Investment Management LLC (1.78%), JPMorgan Chase & Co. (1.64%) and Long Pond Capital LP (1.59%). 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.

VER stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Long Pond Capital LP, Millennium Management LLC, Wells Fargo & Company MN, Swiss National Bank, A.R.T. Advisors LLC, Cambridge Investment Research Advisors Inc. and Virginia Retirement Systems ET AL. View Insider Buying and Selling for VEREIT.

VER stock was acquired by a variety of institutional investors in the last quarter, including Centersquare Investment Management LLC, Thompson Siegel & Walmsley LLC, JPMorgan Chase & Co., American Century Companies Inc., Russell Investments Group Ltd., LSV Asset Management, First Foundation Advisors and Cetera 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.

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.

One share of VER stock can currently be purchased for approximately $6.93.

VEREIT has a market capitalization of $6.64 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.

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]