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 a total asset book value of $14.1 billion including approximately 4,000 properties and 93.9 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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone800-606-3610
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.25 billion
Profitability
Miscellaneous
Employees330
OptionableOptionable
Vereit (NYSE:VER) Frequently Asked Questions
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 Wednesday, November 7th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.1375 per share on Tuesday, January 15th. This represents a $0.55 annualized dividend and a dividend yield of 6.65%. The ex-dividend date of this dividend is Friday, December 28th. View Vereit's Dividend History.
How will Vereit's stock buyback program work?
Vereit announced that its board has approved a share repurchase program on Sunday, June 4th 2017, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.
How were Vereit's earnings last quarter?
Vereit Inc (NYSE:VER) released its quarterly earnings results on Friday, August, 3rd. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.18 by $0.27. The financial services provider had revenue of $315.60 million for the quarter, compared to analyst estimates of $297.35 million. Vereit had a negative net margin of 11.51% and a negative return on equity of 1.53%. Vereit's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. View Vereit's Earnings History.
When is Vereit's next earnings date?
How can I listen to Vereit's earnings call?
Vereit will be holding an earnings conference call on Thursday, February 21st at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link.
What price target have analysts set for VER?
5 brokers have issued twelve-month price targets for Vereit's stock. Their forecasts range from $8.00 to $9.00. On average, they anticipate Vereit's share price to reach $8.75 in the next twelve months. This suggests a possible upside of 5.8% from the stock's current price. View Analyst Price Targets for Vereit.
What is the consensus analysts' recommendation for Vereit?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vereit in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Vereit.
Has Vereit been receiving favorable news coverage?
Headlines about VER stock have been trending negative on Sunday, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Vereit earned a media sentiment score of -2.8 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the immediate future.
Are investors shorting Vereit?
Vereit saw a decline in short interest in January. As of January 31st, there was short interest totalling 31,557,258 shares, a decline of 10.1% from the January 15th total of 35,113,888 shares. Based on an average trading volume of 7,727,819 shares, the days-to-cover ratio is currently 4.1 days. Approximately 3.3% of the company's stock are sold short. View Vereit's Current Options Chain.
Who are some of Vereit's key competitors?
Some companies that are related to Vereit include Welltower (WELL), AvalonBay Communities (AVB), Equity Residential (EQR), DIGITAL RLTY TR/SH (DLR), Ventas (VTR), SBA Communications (SBAC), Realty Income (O), Boston Properties (BXP), Weyerhaeuser (WY), Essex Property Trust (ESS), Alexandria Real Estate Equities (ARE), HCP (HCP), ANNALY CAP MGMT/SH (NLY), Host Hotels and Resorts (HST) and Vornado Realty Trust (VNO).
Who are Vereit's key executives?
Vereit's management team includes the folowing people:
- Mr. Glenn J. Rufrano, CEO & Director (Age 69)
- Mr. Michael J. Bartolotta, Exec. VP & CFO (Age 62)
- Mr. Paul H. McDowell, Exec. VP & COO (Age 59)
- Mr. Thomas W. Roberts, Exec. VP & Chief Investment Officer (Age 60)
- Ms. Lauren Goldberg, Exec. VP, Gen. Counsel & Sec. (Age 51)
Who are Vereit's major shareholders?
Vereit's stock is owned by many different of retail and institutional investors. Top institutional investors include Cohen & Steers Inc. (10.09%), BlackRock Inc. (8.68%), LSV Asset Management (2.52%), PGGM Investments (2.52%), Dimensional Fund Advisors LP (1.56%) and Lasalle Investment Management Securities LLC (1.05%). Company insiders that own Vereit stock include Gavin Brandon, 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.
Which institutional investors are selling Vereit stock?
VER stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Amundi Pioneer Asset Management Inc., Lakewood Capital Management LP, Lasalle Investment Management Securities LLC, Bank of Montreal Can, Real Estate Management Services LLC, Northern Trust Corp and KBC Group NV. View Insider Buying and Selling for Vereit.
Which institutional investors are buying Vereit stock?
VER stock was acquired by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Oregon Public Employees Retirement Fund, Hsbc Holdings PLC, PGGM Investments, South Texas Money Management Ltd., Canada Pension Plan Investment Board, California Public Employees Retirement System and Timbercreek Investment Management Inc.. 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.
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, Scottrade, Fidelity and Charles Schwab.
What is Vereit's stock price today?
One share of VER stock can currently be purchased for approximately $8.27.
How big of a company is Vereit?
Vereit has a market capitalization of $8.00 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.
What is Vereit's official website?
How can I contact Vereit?
Vereit's mailing address is 2325 EAST 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]
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 VER will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VER will underperform the S&P 500 over the long term. You may vote once every thirty days.
