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NYSE:VERVereit Stock Price, Forecast & News

$6.42
+0.07 (+1.10 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$6.12
Now: $6.42
$6.47
50-Day Range
$4.51
MA: $5.18
$6.42
52-Week Range
$3.56
Now: $6.42
$10.18
Volume9.32 million shs
Average Volume14.80 million shs
Market Capitalization$6.92 billion
P/E RatioN/A
Dividend Yield8.57%
Beta1.07
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 total real estate investments of $15.6 billion including approximately 4,000 properties and 94.7 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. VEREIT uses, and intends to continue to use, its Investor Relations website, which can be found at www.VEREIT.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD.
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Vereit logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.62 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone800-606-3610

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.24 billion
Cash Flow$0.18 per share
Book Value$6.41 per share

Profitability

Net Income$-300,350,000.00

Miscellaneous

Employees180
Outstanding Shares1,077,850,000
Market Cap$6.92 billion
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Vereit (NYSE:VER) Frequently Asked Questions

How has Vereit's stock been impacted by COVID-19 (Coronavirus)?

Vereit's stock was trading at $7.46 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, VER stock has decreased by 13.9% and is now trading at $6.42. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Vereit?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vereit in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Vereit.

When is Vereit's next earnings date?

Vereit is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Vereit.

How were Vereit's earnings last quarter?

Vereit Inc (NYSE:VER) posted its quarterly earnings results on Wednesday, May, 20th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by $0.09. The financial services provider earned $299.20 million during the quarter, compared to analyst estimates of $301.11 million. Vereit had a negative net margin of 23.19% and a negative return on equity of 4.05%. The firm's revenue was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 EPS. View Vereit's earnings history.

How often does Vereit pay dividends? What is the dividend yield for Vereit?

Vereit announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.077 per share on Wednesday, July 15th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend is Monday, June 29th. View Vereit's dividend history.

What price target have analysts set for VER?

7 equities research analysts have issued 1 year price targets for Vereit's shares. Their forecasts range from $5.80 to $11.00. On average, they expect Vereit's stock price to reach $9.54 in the next year. This suggests a possible upside of 48.6% from the stock's current price. View analysts' price targets for Vereit.

Has Vereit been receiving favorable news coverage?

Media headlines about VER stock have been trending somewhat negative on Saturday, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Vereit earned a news sentiment score of -1.6 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutVereit.

Who are some of Vereit's key competitors?

What other stocks do shareholders of Vereit own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Vereit investors own include Opko Health (OPK), Vuzix (VUZI), AT&T (T), ANNALY CAP MGMT/SH (NLY), Realty Income (O), Ford Motor (F), New Residential Investment (NRZ), Verizon Communications (VZ), Virtu Financial (VIRT) and General Electric (GE).

Who are Vereit's key executives?

Vereit's management team includes the following people:
  • Mr. Glenn J. Rufrano, CEO & Director (Age 69)
  • Mr. Michael J. Bartolotta, Exec. VP & CFO (Age 62)
  • Mr. Paul H. McDowell, Exec. VP & COO (Age 59)
  • Mr. Thomas W. Roberts, Exec. VP & Chief Investment Officer (Age 60)
  • Ms. Lauren Goldberg, Exec. VP, Gen. Counsel & Sec. (Age 51)

What is Vereit's stock symbol?

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

Who are Vereit's major shareholders?

Vereit's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Cohen & Steers Inc. (10.76%), BlackRock Inc. (8.30%), Invesco Ltd. (4.00%), JPMorgan Chase & Co. (3.29%), Eminence Capital LP (2.40%) and Cbre Clarion Securities LLC (1.64%). Company insiders that own Vereit stock include Gavin Brandon and Thomas W Roberts. 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 APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., Nuveen Asset Management LLC, Parametric Portfolio Associates LLC, Alliancebernstein L.P., SG Americas Securities LLC, and Cbre Clarion Securities LLC. View insider buying and selling activity for Vereit.

Which major investors are buying Vereit stock?

VER stock was purchased by a variety of institutional investors in the last quarter, including Invesco Ltd., Cohen & Steers Inc., Eminence Capital LP, Wells Fargo & Company MN, Centersquare Investment Management LLC, Aew Capital Management L P, Sumitomo Mitsui Trust Holdings Inc., and JPMorgan Chase & Co.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Vereit's stock price today?

One share of VER stock can currently be purchased for approximately $6.42.

How big of a company is Vereit?

Vereit has a market capitalization of $6.92 billion and generates $1.24 billion in revenue each year. The financial services provider earns $-300,350,000.00 in net income (profit) each year or $0.69 on an earnings per share basis. Vereit employs 180 workers across the globe.

What is Vereit's official website?

The official website for Vereit is www.vereit.com.

How can I contact Vereit?

Vereit's mailing address is 2325 E. CAMELBACK ROAD 9TH FLOOR, PHOENIX AZ, 85016. The financial services provider can be reached via phone at 800-606-3610 or via email at [email protected]

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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