VEREIT Stock Forecast, Price & News

VEREIT's stock was trading at $7.46 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, VER shares have decreased by 1.6% and is now trading at $7.34.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VEREIT in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for VEREIT or view MarketBeat's top 5 stock picks.

Wall Street analysts have given VEREIT a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but VEREIT wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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VEREIT is scheduled to release its next quarterly earnings announcement on Wednesday, February 24th 2021.
View our earnings forecast for VEREIT.

VEREIT, Inc. (NYSE:VER) issued its earnings results on Thursday, November, 5th. The financial services provider reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.15 by $0.07. The financial services provider had revenue of $295.30 million for the quarter, compared to analyst estimates of $283.90 million. VEREIT had a negative return on equity of 7.49% and a negative net margin of 43.35%. VEREIT's revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS.
View VEREIT's earnings history.

VEREIT announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.077 per share on Friday, January 15th. This represents a $0.31 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, December 30th.
View VEREIT's dividend history.

VEREIT updated its FY20 earnings guidance on Thursday, November, 5th. The company provided EPS guidance of $0.62 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.61.

6 equities research analysts have issued 1-year target prices for VEREIT's shares. Their forecasts range from $6.25 to $10.00. On average, they expect VEREIT's stock price to reach $7.60 in the next twelve months. This suggests a possible upside of 3.5% from the stock's current price.
View analysts' price targets for VEREIT.

Some companies that are related to VEREIT include SBA Communications (SBAC), Welltower (WELL), Simon Property Group (SPG), AvalonBay Communities (AVB), Equity Residential (EQR), Alexandria Real Estate Equities (ARE), Realty Income (O), Weyerhaeuser (WY), Ventas (VTR), Essex Property Trust (ESS), Healthpeak Properties (PEAK), Boston Properties (BXP), Sun Communities (SUI), HCP (HCP) and Duke Realty (DRE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other VEREIT investors own include OPKO Health (OPK), AT&T (T), Vuzix (VUZI), Annaly Capital Management (NLY), Realty Income (O), Ford Motor (F), Verizon Communications (VZ), New Residential Investment (NRZ), Gilead Sciences (GILD) and Two Harbors Investment (TWO).

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

VEREIT's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.16%), Daiwa Securities Group Inc. (4.25%), JPMorgan Chase & Co. (3.17%), LSV Asset Management (2.76%), Glendon Capital Management LP (1.07%) and Lasalle Investment Management Securities LLC (0.96%). Company insiders that own VEREIT stock include Glenn J Rufrano and Thomas W Roberts.
View institutional ownership trends for VEREIT.

VER stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, BlackRock Inc., Nut Tree Capital Management LP, Teacher Retirement System of Texas, LSV Asset Management, Standard Life Aberdeen plc, BNP PARIBAS ASSET MANAGEMENT Holding S.A., and Achmea Investment Management B.V..
View insider buying and selling activity for VEREIT.

VER stock was acquired by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., Duff & Phelps Investment Management Co., Glendon Capital Management LP, Aew Capital Management L P, Sei Investments Co., Land & Buildings Investment Management LLC, UBS Asset Management Americas Inc., and Hill Winds Capital LP.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of VER stock can currently be purchased for approximately $7.34.

VEREIT has a market capitalization of $8.01 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 160 workers across the globe.

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

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]