VEREIT Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for VEREIT in the last year. There are currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" VEREIT stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VER, but not buy additional shares or sell existing shares.
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Wall Street analysts have given VEREIT a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but VEREIT wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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VEREIT saw a increase in short interest in the month of May. As of May 28th, there was short interest totaling 7,140,000 shares, an increase of 18.0% from the May 13th total of 6,050,000 shares. Based on an average daily trading volume, of 2,140,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.1% of the company's shares are sold short.
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VEREIT is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for VEREIT.

VEREIT, Inc. (NYSE:VER) released its quarterly earnings data on Thursday, May, 6th. The financial services provider reported $0.50 EPS for the quarter, missing the consensus estimate of $0.77 by $0.27. The financial services provider earned $290.81 million during the quarter, compared to analyst estimates of $293.23 million. VEREIT had a net margin of 20.38% and a trailing twelve-month return on equity of 3.60%. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS.
View VEREIT's earnings history.

VEREIT's stock was trading at $37.30 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, VER shares have increased by 26.4% and is now trading at $47.15.
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VEREIT declared a quarterly dividend on Thursday, May 6th. Stockholders of record on Wednesday, June 30th will be given a dividend of $0.462 per share on Thursday, July 15th. This represents a $1.85 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Tuesday, June 29th.
View VEREIT's dividend history.

VEREIT pays an annual dividend of $1.85 per share and currently has a dividend yield of 3.91%. VEREIT does not yet have a strong track record of dividend growth. The dividend payout ratio of VEREIT is 59.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, VEREIT will have a dividend payout ratio of 56.23% next year. This indicates that VEREIT will be able to sustain or increase its dividend.
View VEREIT's dividend history.

VEREIT's stock reverse split before market open on Friday, December 18th 2020. The 1-5 reverse split was announced on Thursday, November 5th 2020. The number of shares owned by shareholders was adjusted after the market closes on Thursday, December 17th 2020. An investor that had 100 shares of VEREIT stock prior to the reverse split would have 20 shares after the split.

9 equities research analysts have issued 1-year price targets for VEREIT's shares. Their forecasts range from $33.75 to $48.00. On average, they expect VEREIT's stock price to reach $44.39 in the next year. This suggests that the stock has a possible downside of 5.8%.
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19 employees have rated VEREIT CEO Glenn Rufrano on Glassdoor.com. Glenn Rufrano has an approval rating of 71% among VEREIT's employees.

Some companies that are related to VEREIT include Simon Property Group (SPG), SBA Communications (SBAC), Welltower (WELL), Equity Residential (EQR), AvalonBay Communities (AVB), Alexandria Real Estate Equities (ARE), Weyerhaeuser (WY), Realty Income (O), Ventas (VTR), Extra Space Storage (EXR), Essex Property Trust (ESS), Sun Communities (SUI), Mid-America Apartment Communities (MAA), Boston Properties (BXP) and Healthpeak Properties (PEAK).
View all of VER's competitors.

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).

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

VEREIT's stock is owned by many different institutional and retail investors. Top institutional shareholders include Cohen & Steers Inc. (15.58%), BlackRock Inc. (8.19%), Daiwa Securities Group Inc. (3.97%), LSV Asset Management (2.30%), Centersquare Investment Management LLC (2.25%) and Cbre Clarion Securities LLC (1.93%). Company insiders that own VEREIT stock include Glenn J Rufrano and Thomas W Roberts.
View institutional ownership trends for VEREIT.

VER stock was sold by a variety of institutional investors in the last quarter, including Aew Capital Management L P, JPMorgan Chase & Co., Cohen & Steers Inc., Pensionfund DSM Netherlands, LSV Asset Management, Zimmer Partners LP, Canada Pension Plan Investment Board, and Pensionfund Sabic.
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VER stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Lasalle Investment Management Securities LLC, Glendon Capital Management LP, Waterfront Capital Partners LLC, Janus Henderson Group PLC, BlackRock Inc., Sumitomo Mitsui Trust Holdings Inc., and D. E. Shaw & Co. Inc..
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Shares of VER can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VER stock can currently be purchased for approximately $47.15.

VEREIT has a market capitalization of $10.80 billion and generates $1.16 billion in revenue each year. The financial services provider earns $201.13 million in net income (profit) each year or $3.11 on an earnings per share basis.

VEREIT employs 160 workers across the globe.

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

VEREIT is headquartered at 2325 E. CAMELBACK ROAD 9TH FLOOR, PHOENIX AZ, 85016.

VEREIT's mailing address is 2325 E. CAMELBACK ROAD 9TH FLOOR, PHOENIX AZ, 85016. The financial services provider can be reached via phone at (602) 778-6000 or via email at [email protected]