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
Current Ratio0.70
Quick Ratio0.70
Price-To-Earnings
Sales & Book Value
Annual Sales$1.25 billion
Price / Sales5.96
Price / Cash Flow9.31
Price / Book0.93
Profitability
Net Income$31.81 million
Net Margins-11.51%
Return on Assets-0.82%
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. Investors of record on Monday, December 31st will be given a dividend of $0.1375 per share on Tuesday, January 15th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 7.13%. 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 declared that its board has initiated a share buyback program on Sunday, June 4th 2017, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.
How were Vereit's earnings last quarter?
Vereit Inc (NYSE:VER) released its earnings results on Tuesday, November, 6th. The financial services provider reported ($0.09) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.18 by $0.27. The financial services provider earned $289.03 million during the quarter, compared to analyst estimates of $291.19 million. Vereit had a negative net margin of 11.51% and a negative return on equity of 1.53%. The firm's revenue was up 2.2% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. 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 guidance has Vereit issued on next quarter's earnings?
Vereit updated its FY18 earnings guidance on Tuesday, November, 6th. The company provided EPS guidance of $0.71-0.72 for the period, compared to the Thomson Reuters consensus estimate of $0.71. Vereit also updated its FY 2018 guidance to $0.71-0.72 EPS.
What price target have analysts set for VER?
5 equities research analysts have issued 12 month target prices for Vereit's shares. Their forecasts range from $8.00 to $9.00. On average, they expect Vereit's stock price to reach $8.75 in the next twelve months. This suggests a possible upside of 13.5% 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?
News coverage about VER stock has been trending somewhat positive on Thursday, according to InfoTrie. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. 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 1.5 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 7.0 out of 10, indicating that recent media coverage is likely to have an impact on the company's share price in the near term.
Are investors shorting Vereit?
Vereit saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 38,491,786 shares, an increase of 25.6% from the December 14th total of 30,642,407 shares. Based on an average daily trading volume, of 10,102,884 shares, the short-interest ratio is currently 3.8 days. Currently, 4.0% 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), Equity Residential (EQR), AvalonBay Communities (AVB), DIGITAL RLTY TR/SH (DLR), Ventas (VTR), SBA Communications (SBAC), Realty Income (O), Boston Properties (BXP), Weyerhaeuser (WY), Essex Property Trust (ESS), HCP (HCP), ANNALY CAP MGMT/SH (NLY), Alexandria Real Estate Equities (ARE), 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 a variety of of institutional and retail investors. Top institutional investors include Timbercreek Investment Management Inc. (0.20%), State of Alaska Department of Revenue (0.04%), CenturyLink Investment Management Co (0.02%), DNB Asset Management AS (0.01%), First Hawaiian Bank (0.00%) and Lourd Capital LLC (0.00%). 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?
Which institutional investors are buying Vereit stock?
VER stock was acquired by a variety of institutional investors in the last quarter, including Timbercreek Investment Management Inc., CenturyLink Investment Management Co, State of Alaska Department of Revenue, Lourd Capital LLC and First Hawaiian Bank. 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 $7.71.
How big of a company is Vereit?
Vereit has a market capitalization of $7.36 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.
