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.
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Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone800-606-3610
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.26 billion
Profitability
Miscellaneous
Employees180
Next Earnings Date11/5/2019 (Estimated)
OptionableOptionable
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 announced a quarterly dividend on Monday, August 5th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.138 per share on Tuesday, October 15th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date of this dividend is Friday, September 27th. View Vereit's Dividend History.
How were Vereit's earnings last quarter?
Vereit Inc (NYSE:VER) posted its quarterly earnings data on Wednesday, August, 7th. The financial services provider reported $0.27 EPS for the quarter, beating the Zacks' consensus estimate of $0.17 by $0.10. The financial services provider earned $312.10 million during the quarter, compared to analysts' expectations of $314.95 million. Vereit had a return on equity of 4.23% and a net margin of 24.69%. The company's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $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 FY 2019 earnings guidance on Wednesday, August, 7th. The company provided EPS guidance of $0.68-0.70 for the period.
What price target have analysts set for VER?
5 brokers have issued 1 year target prices for Vereit's stock. Their predictions range from $9.00 to $10.50. On average, they expect Vereit's share price to reach $9.30 in the next year. This suggests that the stock has a possible downside of 3.3%. 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.
Has Vereit been receiving favorable news coverage?
Media headlines about VER stock have trended negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Vereit earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Vereit.
Are investors shorting Vereit?
Vereit saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 36,165,800 shares, an increase of 13.7% from the June 30th total of 31,809,500 shares. Based on an average daily volume of 10,520,000 shares, the short-interest ratio is presently 3.4 days. Approximately 3.8% of the shares of the stock are sold short. View Vereit's Current Options Chain.
Who are some of Vereit's key competitors?
Some companies that are related to Vereit include Welltower (WELL), Equity Residential (EQR), SBA Communications (SBAC), AvalonBay Communities (AVB), Ventas (VTR), DIGITAL RLTY TR/SH (DLR), Realty Income (O), Essex Property Trust (ESS), Boston Properties (BXP), Weyerhaeuser (WY), HCP (HCP), Alexandria Real Estate Equities (ARE), Extra Space Storage (EXR), WP Carey (WPC) and Mid-America Apartment Communities (MAA).
What other stocks do shareholders of Vereit own?
Who are Vereit's key executives?
Vereit's management team includes the folowing 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)
Who are Vereit's major shareholders?
Vereit's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (13.95%), Cohen & Steers Inc. (12.06%), BlackRock Inc. (8.29%), LSV Asset Management (2.79%), Centersquare Investment Management LLC (2.00%) and JPMorgan Chase & Co. (1.71%). 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 BlackRock Inc., APG Asset Management US Inc., Canada Pension Plan Investment Board, Centersquare Investment Management LLC, Oregon Public Employees Retirement Fund, Bank of America Corp DE, Janus Henderson Group PLC and Janus Henderson Group PLC. View Insider Buying and Selling for Vereit.
Which major investors are buying Vereit stock?
VER stock was purchased by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Cohen & Steers Inc., APG Asset Management N.V., AMP Capital Investors Ltd, Russell Investments Group Ltd., LSV Asset Management, California Public Employees Retirement System and Nuveen Asset Management LLC. 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 $9.62.
How big of a company is Vereit?
Vereit has a market capitalization of $9.36 billion and generates $1.26 billion in revenue each year. The financial services provider earns $-85,770,000.00 in net income (profit) each year or $0.72 on an earnings per share basis. Vereit employs 180 workers across the globe.View Additional Information About Vereit.
What is Vereit's official website?
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]
MarketBeat Community Rating for Vereit (NYSE 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.
