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NYSE:VER

VEREIT Stock Forecast, Price & News

$7.34
-0.06 (-0.81 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$7.29
Now: $7.34
$7.42
50-Day Range
$6.08
MA: $6.86
$7.49
52-Week Range
$3.56
Now: $7.34
$10.18
Volume10.77 million shs
Average Volume12.59 million shs
Market Capitalization$8.01 billion
P/E RatioN/A
Dividend Yield4.19%
Beta1.01
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 $14.7 billion including approximately 3,800 properties and 88.9 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. VEREIT uses, and intends to continue to use, its Investor Relations website, which can be found at www.VEREIT.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD.
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VEREIT logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.2Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.13 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone800-606-3610
Employees160

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.24 billion
Cash Flow$0.20 per share
Book Value$6.41 per share

Profitability

Net Income$-300,350,000.00

Miscellaneous

Outstanding Shares1,091,706,000
Market Cap$8.01 billion
Next Earnings Date2/24/2021 (Estimated)
OptionableOptionable
$7.34
-0.06 (-0.81 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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VEREIT (NYSE:VER) Frequently Asked Questions

How has VEREIT's stock price been impacted by Coronavirus?

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.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of VEREIT?

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.

What stocks does MarketBeat like better than VEREIT?

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.
View MarketBeat's top stock picks here.

When is VEREIT's next earnings date?

VEREIT is scheduled to release its next quarterly earnings announcement on Wednesday, February 24th 2021.
View our earnings forecast for VEREIT
.

How were VEREIT's earnings last quarter?

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
.

How often does VEREIT pay dividends? What is the dividend yield for VEREIT?

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
.

What guidance has VEREIT issued on next quarter's earnings?

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.

What price target have analysts set for VER?

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
.

Who are some of VEREIT's key competitors?

What other stocks do shareholders of VEREIT own?

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).

Who are VEREIT's key executives?

VEREIT's management team includes the following people:
  • Mr. Glenn J. Rufrano, CEO & Director (Age 70, Pay $1.59M)
  • Mr. Michael J. Bartolotta, Exec. VP & CFO (Age 63, Pay $1.43M)
  • Mr. Paul H. McDowell, Exec. VP & COO (Age 60, Pay $1.34M)
  • Mr. Thomas W. Roberts, Exec. VP & Chief Investment Officer (Age 61, Pay $1.41M)
  • Ms. Lauren Goldberg, Exec. VP, Gen. Counsel & Sec. (Age 52, Pay $1.29M)
  • Mr. Gavin B. Brandon, Sr. VP & Chief Accounting Officer (Age 44)
  • Ms. Bonni Rosen, Sr. VP of Investor Relations
  • Mr. Glenn Kindred, Exec. VP of Restaurants Division
  • Bianca Stoll Martinez, Sr. VP, Assistant Gen. Counsel & Assistant Sec.

What is VEREIT's stock symbol?

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

Who are VEREIT's major shareholders?

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
.

Which institutional investors are selling VEREIT stock?

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
.

Which institutional investors are buying VEREIT stock?

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
.

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, Robinhood, Fidelity, and Charles Schwab.

What is VEREIT's stock price today?

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

How big of a company is VEREIT?

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.

What is VEREIT's official website?

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

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]

This page was last updated on 11/29/2020 by MarketBeat.com Staff

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