NYSE:VERVereit Stock Price, Forecast & News

Vereit's stock was trading at $7.46 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, VER stock has decreased by 21.6% and is now trading at $5.85. View which stocks have been most impacted by Coronavirus.

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.

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

Vereit Inc (NYSE:VER) posted its quarterly earnings data on Wednesday, May, 20th. The financial services provider reported $0.07 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 4.05% and a negative net margin of 23.19%. Vereit's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. View Vereit's earnings history.

Vereit declared a quarterly dividend on Thursday, May 21st. Investors of record on Tuesday, June 30th will be paid a dividend of $0.077 per share on Wednesday, July 15th. This represents a $0.31 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date of this dividend is Monday, June 29th. View Vereit's dividend history.

Vereit updated its FY20 earnings guidance on Wednesday, February, 26th. The company provided EPS guidance of $0.64-$0.66 for the period, compared to the Thomson Reuters consensus estimate of $0.66.

7 brokers have issued 12 month target prices for Vereit's shares. Their forecasts range from $5.80 to $11.00. On average, they expect Vereit's share price to reach $9.54 in the next twelve months. This suggests a possible upside of 63.1% from the stock's current price. View analysts' price targets for Vereit.

Headlines about VER stock have been trending very positive on Tuesday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Vereit earned a media sentiment score of 3.7 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutVereit.

Some companies that are related to Vereit include Equity Residential (EQR), AvalonBay Communities (AVB), Welltower (WELL), Alexandria Real Estate Equities (ARE), Realty Income (O), Simon Property Group (SPG), Weyerhaeuser (WY), Essex Property Trust (ESS), Mid-America Apartment Communities (MAA), Ventas (VTR), Sun Communities (SUI), Duke Realty (DRE), Boston Properties (BXP), HCP (HCP) and Equity Lifestyle Properties (ELS). View all competitors.

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).

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 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.

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.

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.

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 $5.85.

Vereit has a market capitalization of $6.31 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.

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]