About VEREIT (NYSE:VER)
VEREIT, Inc. is a full-service real estate operating company. The Company operates through two business segments: real estate investment (REI) segment and investment management segment, Cole Capital. As of December 31, 2016, through its REI segment, the Company owned and managed a portfolio of 4,142 retail, restaurant, office and industrial real estate properties with an aggregate of 93.3 million square feet, which are located in 49 states, Puerto Rico and Canada. Through its Cole Capital segment, the Company is responsible for raising capital for and managing the affairs of certain non-listed real estate investment trusts (the Cole REITs) on a day-to-day basis, identifying and making acquisitions and investments on the Cole REITs' behalf. The Cole Capital segment sponsors and manages direct investment real estate programs, which primarily include over four publicly registered, non-traded REITs.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Commercial REITs
- Sub-Industry: N/A
- Symbol: NYSE:VER
- CUSIP: N/A
- Web: www.vereit.com
- Market Cap: $7.85245 billion
- Outstanding Shares: 973,924,000
- 50 Day Moving Avg: $8.44
- 200 Day Moving Avg: $8.35
- 52 Week Range: $7.44 - $9.78
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 11.04
- P/E Growth: 0.00
- Annual Revenue: $1.4 billion
- Price / Sales: 5.61
- Book Value: $8.42 per share
- Price / Book: 0.96
- Annual Dividend: $0.55
- Dividend Yield: 6.8%
- EBITDA: $1.12 billion
- Net Margins: -2.72%
- Return on Equity: -0.44%
- Return on Assets: -0.25%
- Debt-to-Equity Ratio: 0.61%
- Current Ratio: 0.61%
- Quick Ratio: 0.61%
- Average Volume: 9.00 million shs.
- Beta: 0.71
- Short Ratio: 2.42
Frequently Asked Questions for VEREIT (NYSE:VER)
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 declared a quarterly dividend on Thursday, August 3rd. Investors of record on Friday, September 29th will be paid a dividend of $0.138 per share on Monday, October 16th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date is Thursday, September 28th. This is an increase from VEREIT's previous quarterly dividend of $0.14. View VEREIT's Dividend History.
How will VEREIT's stock buyback program work?
VEREIT announced that its board has approved a stock buyback program on Sunday, June 4th 2017, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.
How were VEREIT's earnings last quarter?
VEREIT Inc. (NYSE:VER) posted its earnings results on Thursday, August, 3rd. The company reported $0.02 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.18 by $0.16. The company had revenue of $336.90 million for the quarter, compared to analyst estimates of $296.02 million. VEREIT had a negative net margin of 2.72% and a negative return on equity of 0.44%. The firm's revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. View VEREIT's Earnings History.
When will VEREIT make its next earnings announcement?
What guidance has VEREIT issued on next quarter's earnings?
VEREIT updated its FY17 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $0.71-0.73 for the period, compared to the Thomson Reuters consensus estimate of $0.70.
Where is VEREIT's stock going? Where will VEREIT's stock price be in 2017?
6 brokerages have issued 12 month target prices for VEREIT's stock. Their predictions range from $9.00 to $11.00. On average, they anticipate VEREIT's share price to reach $10.00 in the next twelve months. View Analyst Ratings for VEREIT.
Who are some of VEREIT's key competitors?
Some companies that are related to VEREIT include Realty Income Corporation (O), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), Federal Realty Investment Trust (FRT), Land Securities Group plc (LAND), Kilroy Realty Corporation (KRC), Douglas Emmett (DEI), British Land Company PLC (BLND), Liberty Property Trust (LPT), EPR Properties (EPR), DuPont Fabros Technology (DFT), SEGRO plc (SGRO), Biomed Realty Trust (BMR), STORE Capital Corporation (STOR), Hammerson plc (HMSO), Cousins Properties Incorporated (CUZ), PS Business Parks (PSB) and Empire State Realty Trust (ESRT).
Who are VEREIT's key executives?
VEREIT's management team includes the folowing people:
- Glenn J. Rufrano, Chief Executive Officer, Director
- Michael J. Bartolotta CPA, Chief Financial Officer, Executive Vice President
- Paul H. McDowell, Chief Operating Officer, Executive Vice President
- Thomas W. Roberts, Executive Vice President, Chief Investment Officer
- Lauren R. Goldberg, Executive Vice President, General Counsel, Secretary
- William C. Miller, Executive Vice President - Investment Management
- Hugh R. Frater, Non-Executive Independent Chairman of the Board
- David B. Henry, Independent Director
- Mary Hogan Preusse, Independent Director
- Richard J. Lieb, Independent Director
Who owns VEREIT stock?
VEREIT's stock is owned by many different of retail and institutional investors. Top institutional investors include PGGM Investments (0.91%), Robeco Institutional Asset Management B.V. (0.09%), APG Asset Management N.V. (0.05%), Alpha Windward LLC (0.01%), Meeder Asset Management Inc. (0.01%) and Quantitative Systematic Strategies LLC (0.00%). Company insiders that own VEREIT stock include Glenn J Rufrano, Hugh R Frater, Julie Richardson, Michael J Bartolotta, Paul H Mcdowell, Thomas W Roberts and William Craig Jr Miller. View Institutional Ownership Trends for VEREIT.
Who sold VEREIT stock? Who is selling VEREIT stock?
Who bought VEREIT stock? Who is buying VEREIT stock?
VEREIT's stock was purchased by a variety of institutional investors in the last quarter, including Alpha Windward LLC, Robeco Institutional Asset Management B.V., Meeder Asset Management Inc. and Quantitative Systematic Strategies LLC. Company insiders that have bought VEREIT stock in the last two years include Glenn J Rufrano, Hugh R Frater, Julie Richardson, Michael J Bartolotta, Paul H Mcdowell, Thomas W Roberts and William Craig Jr Miller. View Insider Buying and Selling for VEREIT.
How do I buy VEREIT stock?
Shares of VEREIT can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is VEREIT's stock price today?
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of VEREIT stock can currently be purchased for approximately $8.06.
Consensus Ratings for VEREIT (NYSE:VER) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 1 Hold Rating, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$10.00 (24.07% upside)|Consensus Price Target History for VEREIT (NYSE:VER)
Analysts' Ratings History for VEREIT (NYSE:VER)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|3/22/2017||BMO Capital Markets||Set Price Target||Buy||$10.00||Medium|
|1/9/2017||JMP Securities||Upgrade||Market Perform -> Outperform||N/A|
|12/16/2016||J P Morgan Chase & Co||Upgrade||Neutral -> Overweight||$11.00||N/A|
|12/5/2016||Bank of America Corporation||Downgrade||Neutral -> Underperform||N/A|
|11/10/2016||DA Davidson||Reiterated Rating||Hold||N/A|
|8/5/2016||Capital One Financial Corporation||Upgrade||Equal Weight -> Overweight||N/A|
|5/16/2016||Oppenheimer Holdings, Inc.||Reiterated Rating||Hold||N/A|
|3/28/2016||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Buy||$9.50||N/A|
Earnings History for VEREIT (NYSE:VER)Earnings History by Quarter for VEREIT (NYSE VER)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017||Q2 2017||$0.18||$0.02||$296.02 million||$336.90 million||View||Listen|
|5/4/2017||Q1 2017||$0.18||$0.19||$297.94 million||$348.03 million||View||Listen|
|2/23/2017||Q416||($0.01)||$0.17||$309.69 million||$351.87 million||View||N/A|
|11/2/2016||Q316||$0.19||$0.20||$320.29 million||$362.90 million||View||N/A|
|8/4/2016||Q216||$0.19||$0.19||$323.34 million||$371.00 million||View||N/A|
|5/5/2016||Q116||$0.20||$0.21||$328.93 million||$369.00 million||View||N/A|
|2/24/2016||Q415||$0.20||$0.20||$351.17 million||$383.40 million||View||Listen|
|11/5/2015||Q315||$0.21||$0.21||$361.42 million||$385.00 million||View||N/A|
|8/6/2015||Q2||$0.21||$0.22||$355.09 million||$393.70 million||View||N/A|
|5/7/2015||Q115||$0.23||$0.22||$365.65 million||$394.00 million||View||N/A|
|3/30/2015||Q414||$0.24||$0.22||$391.00 million||$418.80 million||View||N/A|
|7/29/2014||Q214||$0.23||$0.24||$311.90 million||$382.00 million||View||N/A|
|5/8/2014||Q114||$0.29||$0.26||$277.97 million||$320.60 million||View||N/A|
|2/27/2014||Q413||$0.23||$0.25||$84.30 million||$94.10 million||View||N/A|
|11/7/2013||Q313||$0.19||$0.21||$51.60 million||$60.90 million||View||N/A|
|8/6/2013||Q2 2013||$0.19||$0.23||$41.24 million||$45.00 million||View||N/A|
|2/28/2013||Q412||$0.23||$0.28||$5.22 million||$5.60 million||View||N/A|
Earnings Estimates for VEREIT (NYSE:VER)
2017 EPS Consensus Estimate: $0.73
2018 EPS Consensus Estimate: $0.75
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for VEREIT (NYSE:VER)
|Most Recent Dividend:||10/16/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||-499.95% (Trailing 12 Months of Earnings) |
78.57% (Based on This Year's Estimates)
75.34% (Based on Next Year's Estimates)
Dividend History by Quarter for VEREIT (NYSE VER)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for VEREIT (NYSE:VER)
Insider Ownership Percentage: 0.09%Insider Trades by Quarter for VEREIT (NYSE:VER)
Institutional Ownership Percentage: 85.99%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/22/2017||William Craig Jr. Miller||Insider||Buy||12,725||$7.86||$100,018.50|| |
|5/17/2017||Paul H Mcdowell||Insider||Buy||7,000||$7.51||$52,570.00|| |
|5/16/2017||Julie Richardson||Director||Buy||15,000||$7.46||$111,900.00|| |
|5/15/2017||Thomas W Roberts||Insider||Buy||15,000||$7.60||$114,000.00|| |
|5/8/2017||Glenn J Rufrano||CEO||Buy||32,000||$7.81||$249,920.00|| |
|5/5/2017||Hugh R Frater||Insider||Buy||10,000||$7.81||$78,100.00|| |
|6/8/2016||Thomas W Roberts||Insider||Sell||100,000||$9.82||$982,000.00|| |
|11/10/2015||Michael J Bartolotta||Insider||Buy||30,500||$8.06||$245,830.00|| |
|9/11/2015||Hugh R Frater||Director||Buy||31,000||$7.91||$245,210.00|| |
|8/25/2015||Hugh R Frater||Director||Buy||31,000||$8.04||$249,240.00|| |
|8/24/2015||Glenn J Rufrano||CEO||Buy||120,000||$8.19||$982,800.00|| |
|7/11/2014||William G Stanley||Director||Buy||10,000||$12.66||$126,600.00|| |
|6/25/2014||Richard A Silfen||EVP||Buy||4,850||$12.34||$59,849.00|| |
|6/25/2014||William G Stanley||Director||Buy||18,000||$12.39||$223,020.00|| |
|6/11/2014||Richard A Silfen||EVP||Buy||7,500||$11.80||$88,500.00|| |
|5/21/2014||Scott Bowman||Director||Buy||10,000||$12.27||$122,700.00|| |
|5/16/2014||Scott Bowman||Director||Buy||10,000||$13.08||$130,800.00|| |
|4/21/2014||Edward Jr. Weil||Director||Buy||7,500||$13.28||$99,600.00|| |
|3/28/2014||Edward Jr. Weil||Director||Buy||10,000||$13.80||$138,000.00|| |
|3/28/2014||Lisa Beeson||COO||Buy||3,500||$13.88||$48,580.00|| |
|3/27/2014||Brian Block||CFO||Buy||20,000||$13.80||$276,000.00|| |
|3/27/2014||David Kay||President||Buy||15,000||$13.78||$206,700.00|| |
|3/27/2014||Nicholas Schorsch||CEO||Buy||50,000||$13.78||$689,000.00|| |
|3/27/2014||William Kahane||Director||Buy||25,000||$13.78||$344,500.00|| |
|1/17/2014||Leslie Michelson||Director||Buy||6,900||$13.53||$93,357.00|| |
|12/30/2013||Scott Bowman||Director||Buy||10,000||$12.75||$127,500.00|| |
|11/18/2013||Lisa Beeson||COO||Buy||7,500||$13.19||$98,925.00|| |
|11/18/2013||Peter Budko||EVP||Buy||20,000||$13.18||$263,600.00|| |
|11/15/2013||Edward Jr. Weil||Insider||Buy||15,000||$13.24||$198,600.00|| |
|11/15/2013||Nicholas Schorsch||CEO||Buy||30,000||$13.24||$397,200.00|| |
|8/20/2013||Brian Jones||COO||Buy||5,000||$13.05||$65,250.00|| |
|8/9/2013||Brian Block||CFO||Buy||25,000||$13.73||$343,250.00|| |
|8/9/2013||Peter Budko||EVP||Buy||50,000||$13.73||$686,500.00|| |
|4/11/2013||Brian D Jones||COO||Buy||3,000||$15.56||$46,680.00|| |
|4/11/2013||Brian S Block||CFO||Buy||10,000||$15.69||$156,900.00|| |
|4/11/2013||Nicholas S Schorsch||CEO||Buy||30,000||$15.69||$470,700.00|| |
|4/11/2013||Peter M Budko||EVP||Buy||30,001||$15.69||$470,715.69|| |
|3/4/2013||Brian D Jones||COO||Buy||2,000||$12.64||$25,280.00|| |
|3/4/2013||Edward M Jr. Weil||Insider||Buy||7,800||$12.82||$99,996.00|| |
|3/4/2013||William M Kahane||Director||Buy||50,000||$12.56||$628,000.00|| |
Headline Trends for VEREIT (NYSE:VER)
Latest Headlines for VEREIT (NYSE:VER)
Loading headlines, please wait.
VEREIT (VER) Chart for Sunday, October, 22, 2017