NYSE:VER - Vereit Stock Price, Price Target & More

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

Vereit declared a quarterly dividend on Thursday, May 3rd. Stockholders of record on Friday, June 29th will be paid a dividend of $0.138 per share on Monday, July 16th. This represents a $0.55 annualized dividend and a dividend yield of 7.47%. The ex-dividend date is Thursday, June 28th. View Vereit's Dividend History.

Vereit declared 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.

Vereit Inc (NYSE:VER) posted its quarterly earnings data on Friday, May, 4th. The financial services provider reported $0.01 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.18 by $0.17. The financial services provider earned $290.60 million during the quarter, compared to analyst estimates of $299.80 million. Vereit had a return on equity of 0.94% and a net margin of 3.78%. Vereit's quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. View Vereit's Earnings History.

Vereit is scheduled to release their next quarterly earnings announcement on Friday, August, 3rd 2018. View Earnings Estimates for Vereit.

4 Wall Street analysts have issued 1 year price objectives for Vereit's shares. Their predictions range from $7.00 to $9.00. On average, they expect Vereit's share price to reach $8.00 in the next year. This suggests a possible upside of 8.3% from the stock's current price. View Analyst Ratings for Vereit.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vereit in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to Vereit include Weyerhaeuser (WY), DIGITAL Rlty Tr/SH SH (DLR), AvalonBay Communities (AVB), Equity Residential (EQR), Welltower (WELL), UNIBAIL-RODAMCO/ADR (UNRDY), Ventas (VTR), GGP (GGP), Boston Properties (BXP), SBA Communications (SBAC), Host Hotels and Resorts (HST), Realty Income (O), Essex Property Trust (ESS), Vornado Realty Trust (VNO) and Alexandria Real Estate Equities (ARE).

News headlines about VER stock have trended somewhat positive this week, Accern reports. Accern identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Vereit earned a media sentiment score of 0.08 on Accern's scale. They also assigned media stories about the financial services provider an impact score of 47.58 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Vereit's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Real Estate Management Services LLC (0.36%), Bank of Montreal Can (0.25%), Financial & Investment Management Group Ltd. (0.10%), Westpac Banking Corp (0.09%), Foundry Partners LLC (0.09%) and State of Alaska Department of Revenue (0.04%). Company insiders that own Vereit stock include Glenn J Rufrano, Hugh R Frater, Julie Richardson, Paul H Mcdowell, Thomas W Roberts and William Craig Jr Miller. View Institutional Ownership Trends for Vereit.

VER stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Financial & Investment Management Group Ltd., State of Alaska Department of Revenue, Real Estate Management Services LLC, Westpac Banking Corp and Nisa Investment Advisors LLC. View Insider Buying and Selling for Vereit.

VER stock was purchased by a variety of institutional investors in the last quarter, including Clinton Group Inc., Amalgamated Bank, Cornerstone Wealth Management LLC, Foundry Partners LLC, Fjarde AP Fonden Fourth Swedish National Pension Fund, IFM Investors Pty Ltd and DnB Asset Management AS. Company insiders that have bought Vereit stock in the last two years include Glenn J Rufrano, Hugh R Frater, Julie Richardson, Paul H Mcdowell, Thomas W Roberts and William Craig Jr Miller. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

One share of VER stock can currently be purchased for approximately $7.39.

Vereit has a market capitalization of $7.26 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.

Vereit's mailing address is 2325 E. 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]