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 $14.7 billion including approximately 4,100 properties and 94.4 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. Additional information about VEREIT can be found on its website at www.VEREIT.com and through social media platforms such as Twitter and LinkedIn.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:VER
CUSIPN/A
Phone800-606-3610
Debt
Debt-to-Equity Ratio0.64
Current Ratio0.35
Quick Ratio0.35
Price-To-Earnings
Trailing P/E Ratio10.77
Forward P/E Ratio10.77
P/E Growth4.27
Sales & Book Value
Annual Sales$1.25 billion
Price / Sales5.83
Cash Flow$0.8350 per share
Price / Cash9.03
Book Value$8.26 per share
Price / Book0.91
Profitability
EPS (Most Recent Fiscal Year)$0.70
Net Income$31.81 million
Net Margins3.78%
Return on Equity0.94%
Return on Assets0.52%
Miscellaneous
Employees330
Outstanding Shares968,260,000
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 Thursday, May 3rd. Stockholders of record on Friday, June 29th will be paid a dividend of $0.138 per share on Monday, July 16th. This represents a $0.55 annualized dividend and a dividend yield of 7.32%. The ex-dividend date is Thursday, June 28th. View Vereit's Dividend History.
How will Vereit's stock buyback program work?
Vereit announced that its Board of Directors has initiated a stock repurchase program on Sunday, June 4th 2017, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.
How were Vereit's earnings last quarter?
Vereit Inc (NYSE:VER) posted its earnings results on Friday, May, 4th. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.18 by $0.17. The financial services provider had revenue of $290.60 million for the quarter, compared to analysts' expectations of $299.80 million. Vereit had a net margin of 3.78% and a return on equity of 0.94%. The company's revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 earnings per share. View Vereit's Earnings History.
When is Vereit's next earnings date?
What price target have analysts set for VER?
4 equities research analysts have issued twelve-month target prices for Vereit's shares. Their predictions range from $7.00 to $9.00. On average, they anticipate Vereit's stock price to reach $8.00 in the next year. View Analyst Ratings for Vereit.
Who are some of Vereit's key competitors?
Some companies that are related to Vereit include Weyerhaeuser (WY), AvalonBay Communities (AVB), Equity Residential (EQR), DIGITAL Rlty Tr/SH SH (DLR), Welltower (WELL), UNIBAIL-RODAMCO/ADR (UNRDY), GGP (GGP), Ventas (VTR), Boston Properties (BXP), SBA Communications (SBAC), Host Hotels and Resorts (HST), Essex Property Trust (ESS), Realty Income (O), Vornado Realty Trust (VNO) and Alexandria Real Estate Equities (ARE).
Who are Vereit's key executives?
Vereit's management team includes the folowing people:
- Mr. Glenn J. Rufrano, CEO & Director (Age 68)
- Mr. Michael J. Bartolotta, Exec. VP & CFO (Age 61)
- Mr. Paul H. McDowell, Exec. VP & COO (Age 58)
- Mr. Thomas W. Roberts, Exec. VP & Chief Investment Officer (Age 59)
- Ms. Lauren Goldberg, Exec. VP, Gen. Counsel & Sec. (Age 50)
Has Vereit been receiving favorable news coverage?
Media headlines about VER stock have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Vereit earned a coverage optimism score of 0.17 on Accern's scale. They also assigned press coverage about the financial services provider an impact score of 46.34 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Vereit's major shareholders?
Vereit's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.47%), Thompson Siegel & Walmsley LLC (2.51%), LSV Asset Management (2.04%), Centersquare Investment Management LLC (1.78%), JPMorgan Chase & Co. (1.64%) and Long Pond Capital LP (1.59%). Company insiders that own Vereit stock include 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 Nuveen Asset Management LLC, Long Pond Capital LP, Millennium Management LLC, Wells Fargo & Company MN, Swiss National Bank, A.R.T. Advisors LLC, Cambridge Investment Research Advisors Inc. and Virginia Retirement Systems ET AL. 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 Centersquare Investment Management LLC, Thompson Siegel & Walmsley LLC, JPMorgan Chase & Co., American Century Companies Inc., Russell Investments Group Ltd., LSV Asset Management, First Foundation Advisors and Kempen Capital Management N.V.. 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 $7.54.
How big of a company is Vereit?
Vereit has a market capitalization of $7.15 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.
How can I contact Vereit?
Vereit's mailing address is 2325 E. 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 (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.
