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 $15.6 billion including approximately 4,000 properties and 94.7 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.
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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$1.26 billion
Profitability
Miscellaneous
Employees180
Next Earnings Date11/5/2019 (Estimated)
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 Monday, August 5th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.138 per share on Tuesday, October 15th. This represents a $0.55 annualized dividend and a yield of 5.61%. The ex-dividend date is Friday, September 27th. View Vereit's Dividend History.
How were Vereit's earnings last quarter?
Vereit Inc (NYSE:VER) released its earnings results on Wednesday, August, 7th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.10. The financial services provider had revenue of $312.10 million for the quarter, compared to the consensus estimate of $314.95 million. Vereit had a return on equity of 4.23% and a net margin of 24.69%. The company's quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 earnings per share. View Vereit's Earnings History.
When is Vereit's next earnings date?
What guidance has Vereit issued on next quarter's earnings?
Vereit issued an update on its FY 2019 earnings guidance on Wednesday, August, 7th. The company provided earnings per share guidance of $0.68-0.70 for the period.
What price target have analysts set for VER?
6 equities research analysts have issued 12-month price objectives for Vereit's stock. Their forecasts range from $9.00 to $10.50. On average, they anticipate Vereit's share price to reach $9.5833 in the next year. This suggests that the stock has a possible downside of 2.6%. View Analyst Price Targets for Vereit.
What is the consensus analysts' recommendation for 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.
Has Vereit been receiving favorable news coverage?
News stories about VER stock have been trending negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Vereit earned a news sentiment score of -2.9 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near term. View News Stories for Vereit.
Are investors shorting Vereit?
Vereit saw a increase in short interest in August. As of August 31st, there was short interest totalling 38,856,600 shares, an increase of 7.4% from the July 31st total of 36,165,800 shares. Based on an average daily volume of 10,880,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 4.0% of the company's stock are short sold. View Vereit's Current Options Chain.
Who are some of Vereit's key competitors?
Some companies that are related to Vereit include Welltower (WELL), Equity Residential (EQR), AvalonBay Communities (AVB), SBA Communications (SBAC), DIGITAL RLTY TR/SH (DLR), Ventas (VTR), Realty Income (O), Essex Property Trust (ESS), Weyerhaeuser (WY), Boston Properties (BXP), Alexandria Real Estate Equities (ARE), HCP (HCP), Extra Space Storage (EXR), WP Carey (WPC) and Mid-America Apartment Communities (MAA).
What other stocks do shareholders of Vereit own?
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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (13.95%), Cohen & Steers Inc. (12.06%), BlackRock Inc. (8.29%), BlackRock Inc. (8.29%), LSV Asset Management (2.79%) and Centersquare Investment Management LLC (2.00%). 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 BlackRock Inc., BlackRock Inc., APG Asset Management US Inc., Canada Pension Plan Investment Board, Centersquare Investment Management LLC, Oregon Public Employees Retirement Fund, Bank of America Corp DE and Janus Henderson Group PLC. View Insider Buying and Selling for Vereit.
Which institutional investors are buying Vereit stock?
VER stock was bought by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Cohen & Steers Inc., APG Asset Management N.V., AMP Capital Investors Ltd, Russell Investments Group Ltd., LSV Asset Management, California Public Employees Retirement System and Nuveen Asset Management LLC. 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, Robinhood, Fidelity and Charles Schwab.
What is Vereit's stock price today?
One share of VER stock can currently be purchased for approximately $9.84.
How big of a company is Vereit?
Vereit has a market capitalization of $9.58 billion and generates $1.26 billion in revenue each year. The financial services provider earns $-85,770,000.00 in net income (profit) each year or $0.72 on an earnings per share basis. Vereit employs 180 workers across the globe.View Additional Information About Vereit.
What is Vereit's official website?
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]
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.
