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 $14.7 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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Trailing P/E Ratio9.50
Forward P/E Ratio9.50
Sales & Book Value
Annual Sales$1.25 billion
Price / Sales5.17
Cash Flow$0.7888 per share
Price / Cash8.43
Book Value$8.26 per share
Price / Book0.81
EPS (Most Recent Fiscal Year)$0.70
Net Income$31.81 million
Return on Equity0.75%
Return on Assets0.42%
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 Wednesday, February 21st. Shareholders of record on Friday, March 30th will be given a dividend of $0.138 per share on Monday, April 16th. This represents a $0.55 annualized dividend and a yield of 8.30%. The ex-dividend date is Wednesday, March 28th. View VEREIT's Dividend History.
How will VEREIT's stock buyback program work?
VEREIT announced 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 (NYSE:VER) announced its earnings results on Thursday, February, 22nd. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.17 by $0.01. The financial services provider earned $316.60 million during the quarter, compared to analysts' expectations of $284.78 million. VEREIT had a net margin of 2.38% and a return on equity of 0.75%. The business's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. View VEREIT's Earnings History.
When is VEREIT's next earnings date?
What guidance has VEREIT issued on next quarter's earnings?
VEREIT updated its FY18 earnings guidance on Thursday, February, 22nd. The company provided earnings per share (EPS) guidance of $0.70-0.72 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.70.
What price target have analysts set for VER?
4 analysts have issued 12-month price objectives for VEREIT's stock. Their predictions range from $7.00 to $9.00. On average, they expect VEREIT's stock price to reach $8.3333 in the next twelve months. View Analyst Ratings for VEREIT.
Are investors shorting VEREIT?
VEREIT saw a increase in short interest in the month of March. As of March 29th, there was short interest totalling 32,682,711 shares, an increase of 17.6% from the March 15th total of 27,795,856 shares. Based on an average daily trading volume, of 8,282,404 shares, the short-interest ratio is presently 3.9 days. Approximately 3.4% 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 GECINA (GECFF), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Annaly Capital Management (NLY), Extra Space Storage (EXR), HCP (HCP), Mid-America Apartment Communities (MAA), Sino Land (SNLAY), Regency Centers (REG), Iron Mountain (IRM), UDR (UDR), Duke Realty (DRE), SL Green Realty (SLG), Federal Realty Investment Trust (FRT), Macerich (MAC), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS) and Gaming and Leisure Properties (GLPI).
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 J.D., Exec. VP & COO (Age 57)
- 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?
Press coverage about VER stock has trended somewhat positive on Thursday, according to Accern. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. VEREIT earned a news sentiment score of 0.09 on Accern's scale. They also assigned news articles about the financial services provider an impact score of 44.49 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future.
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 $6.65.
How big of a company is VEREIT?
VEREIT has a market capitalization of $6.71 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 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 (VER)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.
VEREIT (NYSE:VER) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
4 Wall Street analysts have issued ratings and price targets for VEREIT in the last 12 months. Their average twelve-month price target is $8.3333, suggesting that the stock has a possible upside of 25.31%. The high price target for VER is $9.00 and the low price target for VER is $7.00. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Buy||Buy|
|Consensus Rating Score: ||2.50||2.60||2.67||2.50|
|Ratings Breakdown: ||0 Sell Rating(s)|
2 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
2 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$8.3333||$8.75||$9.50||$10.00|
|Price Target Upside: ||25.31% upside||28.87% upside||20.41% upside||30.72% upside|
VEREIT (NYSE:VER) Consensus Price Target History
VEREIT (NYSE:VER) Analyst Ratings History
(Data available from 4/19/2016 forward)
VEREIT (NYSE:VER) Dividend Information
VEREIT pays an annual dividend of $0.55 per share, with a dividend yield of 8.27%. VER's most recent quarterly dividend payment was Monday, April 16. VEREIT pays out 78.57% of its earnings out as a dividend.
|Most Recent Dividend:||4/16/2018|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||78.57% (Trailing 12 Months of Earnings) |
78.57% (Based on This Year's Estimates)
78.57% (Based on Next Year's Estimates)
VEREIT (NYSE:VER) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
VEREIT (NYSE VER) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.09%
Institutional Ownership Percentage: 86.18%
VEREIT (NYSE VER) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|5/22/2017||William Craig Jr. Miller||Insider||Buy||12,725||$7.86||$100,018.50||223,381|| |
|5/17/2017||Paul H Mcdowell||Insider||Buy||7,000||$7.51||$52,570.00||289,401|| |
|5/16/2017||Julie Richardson||Director||Buy||15,000||$7.46||$111,900.00||65,028|| |
|5/15/2017||Thomas W Roberts||Insider||Buy||15,000||$7.60||$114,000.00||599,876|| |
|5/8/2017||Glenn J Rufrano||CEO||Buy||32,000||$7.81||$249,920.00||1,962,657|| |
|5/5/2017||Hugh R Frater||Insider||Buy||10,000||$7.81||$78,100.00||37,486|| |
|6/8/2016||Thomas W Roberts||Insider||Sell||100,000||$9.82||$982,000.00||471,561|| |
|11/10/2015||Michael J Bartolotta||Insider||Buy||30,500||$8.06||$245,830.00||116,814|| |
|9/11/2015||Hugh R Frater||Director||Buy||31,000||$7.91||$245,210.00||12,049|| |
|8/25/2015||Hugh R Frater||Director||Buy||31,000||$8.04||$249,240.00||12,049|| |
|8/24/2015||Glenn J Rufrano||CEO||Buy||120,000||$8.19||$982,800.00||749,441|| |
|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||2,000|| |
|5/16/2014||Scott Bowman||Director||Buy||10,000||$13.08||$130,800.00||2,000|| |
|4/21/2014||Edward Jr. Weil||Director||Buy||7,500||$13.28||$99,600.00||5,086|| |
|3/28/2014||Edward Jr. Weil||Director||Buy||10,000||$13.80||$138,000.00||5,086|| |
|3/28/2014||Lisa Beeson||COO||Buy||3,500||$13.88||$48,580.00||68,212|| |
|3/27/2014||Brian Block||CFO||Buy||20,000||$13.80||$276,000.00||5,159|| |
|3/27/2014||David Kay||President||Buy||15,000||$13.78||$206,700.00||7,500|| |
|3/27/2014||Nicholas Schorsch||CEO||Buy||50,000||$13.78||$689,000.00||8,254|| |
|3/27/2014||William Kahane||Director||Buy||25,000||$13.78||$344,500.00||5,613|| |
|1/17/2014||Leslie Michelson||Director||Buy||6,900||$13.53||$93,357.00||51,500|| |
|12/30/2013||Scott Bowman||Director||Buy||10,000||$12.75||$127,500.00||14,610|| |
|11/18/2013||Lisa Beeson||COO||Buy||7,500||$13.19||$98,925.00||7,500|| |
|11/18/2013||Peter Budko||EVP||Buy||20,000||$13.18||$263,600.00||384,754|| |
|11/15/2013||Edward Jr. Weil||Insider||Buy||15,000||$13.24||$198,600.00||121,707|| |
|11/15/2013||Nicholas Schorsch||CEO||Buy||30,000||$13.24||$397,200.00||1,314,811|| |
|8/20/2013||Brian Jones||COO||Buy||5,000||$13.05||$65,250.00||94,990|| |
|8/9/2013||Brian Block||CFO||Buy||25,000||$13.73||$343,250.00||90,049|| |
|8/9/2013||Peter Budko||EVP||Buy||50,000||$13.73||$686,500.00||364,754|| |
|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|| |
VEREIT (NYSE VER) News Headlines
|Should You Be Tempted To Buy MPL Verbum SA. (WSE:VER) Because Of Its PE Ratio?|
finance.yahoo.com - April 19 at 8:41 AM
|Vereit: Making Sense Of Current Prices|
seekingalpha.com - April 17 at 9:02 AM
|Short Interest in VEREIT (VER) Rises By 17.6%|
www.americanbankingnews.com - April 15 at 1:34 AM
|Zacks Investment Research Downgrades VEREIT (VER) to Hold|
www.americanbankingnews.com - April 10 at 11:39 PM
|VEREIT (VER) Given Consensus Rating of "Hold" by Brokerages|
www.americanbankingnews.com - April 8 at 5:11 AM
|VEREIT® to Issue First Quarter 2018 Quarterly Report and Host Earnings Conference Call on Friday, May 4, 2018|
finance.yahoo.com - April 3 at 5:10 PM
|Form 4 VEREIT, Inc. For: Mar 29 Filed by: ORDAN MARK S|
www.streetinsider.com - April 3 at 8:52 AM
|Stifel Nicolaus Reiterates Hold Rating for VEREIT (VER)|
www.americanbankingnews.com - April 2 at 3:42 PM
|NexPoint Residential Trst (NXRT) and Vereit (VER) Critical Review|
www.americanbankingnews.com - April 1 at 9:20 PM
|You can find value stocks today if you look in the right places.|
www.fool.com - March 31 at 8:41 AM
|VEREIT Inc. (VER) Ex-Dividend Date Scheduled for March 28, 2018|
www.nasdaq.com - March 27 at 4:56 PM
|Retail Landlords Sell Assets to Raise Cash|
www.wsj.com - March 27 at 8:59 AM
|Want To Invest In MPL Verbum SA. (WSE:VER)? Here’s How It Performed Lately|
finance.yahoo.com - March 26 at 8:53 AM
|Vereit Inc (VER) Announces $0.14 Quarterly Dividend|
www.americanbankingnews.com - March 23 at 12:14 PM
|BRIEF-Vereit Inc Says CEO Glenn J. Rufrano's 2017 Total Compensation Was $8.2 Mln - Reuters|
www.reuters.com - March 23 at 8:46 AM
|BRIEF-Vereit Inc Says CEO Glenn J. Rufrano's 2017 Total Compensation Was $8.2 Mln |
www.reuters.com - March 22 at 8:56 AM
|Vereit: Price Vs. Risk - Seeking Alpha|
seekingalpha.com - March 14 at 9:14 AM
|Vereit Inc (VER) Receives Average Rating of "Hold" from Analysts|
www.americanbankingnews.com - March 14 at 5:37 AM
|The MnM Portfolio, February 2018 - Employer Contributions Boost The Portfolio By $11k|
seekingalpha.com - March 13 at 8:54 AM
|VEREIT, Dividends, Financial Review, Analysts Target Price and Real Estate Portfolio|
finance.yahoo.com - March 13 at 8:54 AM
|Standard Life Aberdeen plc Has $3.74 Million Holdings in Vereit Inc (VER)|
www.americanbankingnews.com - March 5 at 4:03 PM
|Long Pond Capital LP Grows Holdings in Vereit Inc (VER)|
www.americanbankingnews.com - March 5 at 1:08 PM
|Schroder Investment Management Group Has $3.20 Million Position in Vereit Inc (VER)|
www.americanbankingnews.com - March 4 at 10:30 AM
|Vereit (VER) Earns "Hold" Rating from Mizuho|
www.americanbankingnews.com - March 3 at 7:48 PM
|Vereit Inc (VER) Shares Bought by Baird Financial Group Inc.|
www.americanbankingnews.com - March 2 at 4:42 AM
|Arizona State Retirement System Purchases 42,806 Shares of Vereit Inc (VER)|
www.americanbankingnews.com - March 1 at 4:32 AM
|First Republic Investment Management Inc. Has $2.89 Million Holdings in Vereit Inc (VER)|
www.americanbankingnews.com - February 28 at 10:54 AM
|Arrowstreet Capital Limited Partnership Has $10.48 Million Position in Vereit Inc (VER)|
www.americanbankingnews.com - February 28 at 4:42 AM
|VEREIT® Announces Monthly Series F Preferred Stock Dividend for April 2018 through June 2018|
finance.yahoo.com - February 27 at 5:35 PM
|3,588,705 Shares in Vereit Inc (VER) Purchased by Sasco Capital Inc. CT|
www.americanbankingnews.com - February 27 at 1:46 PM
|BlackRock Inc. Boosts Stake in Vereit Inc (VER)|
www.americanbankingnews.com - February 27 at 4:54 AM
|American Century Companies Inc. Increases Stake in Vereit Inc (VER)|
www.americanbankingnews.com - February 27 at 4:06 AM
|Lasalle Investment Management Securities LLC Has $112.91 Million Holdings in Vereit Inc (VER)|
www.americanbankingnews.com - February 26 at 3:10 PM
|Cbre Clarion Securities LLC Sells 23,678,822 Shares of Vereit Inc (VER)|
www.americanbankingnews.com - February 26 at 1:02 PM
|Vereit Inc (VER) Shares Sold by State of Wisconsin Investment Board|
www.americanbankingnews.com - February 26 at 11:46 AM
|Vereit Inc (VER) Holdings Boosted by Virtu Financial LLC|
www.americanbankingnews.com - February 24 at 11:21 AM
|UBS Asset Management Americas Inc. Boosts Stake in Vereit Inc (VER)|
www.americanbankingnews.com - February 24 at 10:22 AM
|JMP Securities Lowers Vereit (VER) Price Target to $9.00|
www.americanbankingnews.com - February 23 at 6:06 PM
|Head to Head Analysis: Vereit (VER) versus DuPont Fabros Technology (DFT)|
www.americanbankingnews.com - February 23 at 5:12 AM
|Vereit (VER) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS|
www.americanbankingnews.com - February 22 at 11:36 AM
|Vereit (VER) Releases FY18 Earnings Guidance|
www.americanbankingnews.com - February 22 at 10:08 AM
|VEREIT® Announces Fourth Quarter and Full Year 2017 Operating Results|
finance.yahoo.com - February 22 at 8:43 AM
|Vereit Inc (VER) Given Consensus Rating of "Hold" by Brokerages|
www.americanbankingnews.com - February 17 at 9:46 AM
|Form SC 13G/A VEREIT, Inc. Filed by: FMR LLC - StreetInsider.com|
www.streetinsider.com - February 15 at 8:10 AM
|Vereit (VER) Scheduled to Post Quarterly Earnings on Thursday|
www.americanbankingnews.com - February 15 at 1:44 AM
|Short Interest in Vereit Inc (VER) Drops By 17.4%|
www.americanbankingnews.com - February 14 at 5:16 AM
|Vereit (VER) and Columbia Property Trust (CXP) Critical Contrast|
www.americanbankingnews.com - February 14 at 3:18 AM
|Analyzing Vereit (VER) & Federal Realty Investment Trust (FRT)|
www.americanbankingnews.com - February 8 at 7:02 PM
|Vereit (VER) Downgraded by ValuEngine to Hold|
www.americanbankingnews.com - February 4 at 9:02 AM
|Vereit (VER) Rating Increased to Hold at Zacks Investment Research|
www.americanbankingnews.com - February 2 at 12:44 PM
VEREIT (NYSE:VER) SEC Filings
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VEREIT (NYSE:VER) Income Statement, Balance Sheet and Cash Flow Statement
VEREIT (NYSE VER) Stock Chart for Thursday, April, 19, 2018