VEREIT Company Profile (NYSE:VER)

About VEREIT (NYSE:VER)

VEREIT logoVEREIT, Inc. is a full-service real estate operating company. The Company operates through two business segments: real estate investment (REI) segment and investment management segment, Cole Capital. As of December 31, 2016, through its REI segment, the Company owned and managed a portfolio of 4,142 retail, restaurant, office and industrial real estate properties with an aggregate of 93.3 million square feet, which are located in 49 states, Puerto Rico and Canada. Through its Cole Capital segment, the Company is responsible for raising capital for and managing the affairs of certain non-listed real estate investment trusts (the Cole REITs) on a day-to-day basis, identifying and making acquisitions and investments on the Cole REITs' behalf. The Cole Capital segment sponsors and manages direct investment real estate programs, which primarily include over four publicly registered, non-traded REITs.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Commercial REITs
  • Sub-Industry: N/A
  • Symbol: NYSE:VER
  • CUSIP: N/A
  • Web: www.vereit.com
Capitalization:
  • Market Cap: $7.85245 billion
  • Outstanding Shares: 973,924,000
Average Prices:
  • 50 Day Moving Avg: $8.44
  • 200 Day Moving Avg: $8.35
  • 52 Week Range: $7.44 - $9.78
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 11.04
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $1.4 billion
  • Price / Sales: 5.61
  • Book Value: $8.42 per share
  • Price / Book: 0.96
Dividend:
  • Annual Dividend: $0.55
  • Dividend Yield: 6.8%
Profitability:
  • EBITDA: $1.12 billion
  • Net Margins: -2.72%
  • Return on Equity: -0.44%
  • Return on Assets: -0.25%
Debt:
  • Debt-to-Equity Ratio: 0.61%
  • Current Ratio: 0.61%
  • Quick Ratio: 0.61%
Misc:
  • Average Volume: 9.00 million shs.
  • Beta: 0.71
  • Short Ratio: 2.42
 

Frequently Asked Questions for VEREIT (NYSE:VER)

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, August 3rd. Investors of record on Friday, September 29th will be paid a dividend of $0.138 per share on Monday, October 16th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date is Thursday, September 28th. This is an increase from VEREIT's previous quarterly dividend of $0.14. View VEREIT's Dividend History.

How will VEREIT's stock buyback program work?

VEREIT announced that its board has approved a stock buyback program on Sunday, June 4th 2017, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board believes its stock is undervalued.

How were VEREIT's earnings last quarter?

VEREIT Inc. (NYSE:VER) posted its earnings results on Thursday, August, 3rd. The company reported $0.02 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.18 by $0.16. The company had revenue of $336.90 million for the quarter, compared to analyst estimates of $296.02 million. VEREIT had a negative net margin of 2.72% and a negative return on equity of 0.44%. The firm's revenue was down 9.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. View VEREIT's Earnings History.

When will VEREIT make its next earnings announcement?

VEREIT is scheduled to release their next quarterly earnings announcement on Wednesday, November, 8th 2017. View Earnings Estimates for VEREIT.

What guidance has VEREIT issued on next quarter's earnings?

VEREIT updated its FY17 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of $0.71-0.73 for the period, compared to the Thomson Reuters consensus estimate of $0.70.

Where is VEREIT's stock going? Where will VEREIT's stock price be in 2017?

6 brokerages have issued 12 month target prices for VEREIT's stock. Their predictions range from $9.00 to $11.00. On average, they anticipate VEREIT's share price to reach $10.00 in the next twelve months. View Analyst Ratings for VEREIT.

Who are some of VEREIT's key competitors?

Who are VEREIT's key executives?

VEREIT's management team includes the folowing people:

  • Glenn J. Rufrano, Chief Executive Officer, Director
  • Michael J. Bartolotta CPA, Chief Financial Officer, Executive Vice President
  • Paul H. McDowell, Chief Operating Officer, Executive Vice President
  • Thomas W. Roberts, Executive Vice President, Chief Investment Officer
  • Lauren R. Goldberg, Executive Vice President, General Counsel, Secretary
  • William C. Miller, Executive Vice President - Investment Management
  • Hugh R. Frater, Non-Executive Independent Chairman of the Board
  • David B. Henry, Independent Director
  • Mary Hogan Preusse, Independent Director
  • Richard J. Lieb, Independent Director

Who owns VEREIT stock?

VEREIT's stock is owned by many different of retail and institutional investors. Top institutional investors include PGGM Investments (0.91%), Robeco Institutional Asset Management B.V. (0.09%), APG Asset Management N.V. (0.05%), Alpha Windward LLC (0.01%), Meeder Asset Management Inc. (0.01%) and Quantitative Systematic Strategies LLC (0.00%). Company insiders that own VEREIT stock include Glenn J Rufrano, Hugh R Frater, Julie Richardson, Michael J Bartolotta, Paul H Mcdowell, Thomas W Roberts and William Craig Jr Miller. View Institutional Ownership Trends for VEREIT.

Who sold VEREIT stock? Who is selling VEREIT stock?

VEREIT's stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V. and PGGM Investments. View Insider Buying and Selling for VEREIT.

Who bought VEREIT stock? Who is buying VEREIT stock?

VEREIT's stock was purchased by a variety of institutional investors in the last quarter, including Alpha Windward LLC, Robeco Institutional Asset Management B.V., Meeder Asset Management Inc. and Quantitative Systematic Strategies LLC. Company insiders that have bought VEREIT stock in the last two years include Glenn J Rufrano, Hugh R Frater, Julie Richardson, Michael J Bartolotta, Paul H Mcdowell, Thomas W Roberts and William Craig Jr Miller. View Insider Buying and Selling for VEREIT.

How do I buy VEREIT stock?

Shares of VEREIT can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is VEREIT's stock price today?

One share of VEREIT stock can currently be purchased for approximately $8.06.


MarketBeat Community Rating for VEREIT (NYSE VER)
Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  169 (Vote Outperform)
Underperform Votes:  264 (Vote Underperform)
Total Votes:  433
MarketBeat's community ratings are surveys of what our community members think about VEREIT and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for VEREIT (NYSE:VER) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 1 Hold Rating, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $10.00 (24.07% upside)
Consensus Price Target History for VEREIT (NYSE:VER)
Price Target History for VEREIT (NYSE:VER)
Analysts' Ratings History for VEREIT (NYSE:VER)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/15/2017Evercore ISIUpgradeOutperform$9.00LowView Rating Details
3/22/2017BMO Capital MarketsSet Price TargetBuy$10.00MediumView Rating Details
1/9/2017JMP SecuritiesUpgradeMarket Perform -> OutperformN/AView Rating Details
12/16/2016J P Morgan Chase & CoUpgradeNeutral -> Overweight$11.00N/AView Rating Details
12/5/2016Bank of America CorporationDowngradeNeutral -> UnderperformN/AView Rating Details
11/10/2016DA DavidsonReiterated RatingHoldN/AView Rating Details
10/13/2016MizuhoInitiated CoverageNeutral$9.50N/AView Rating Details
8/5/2016Capital One Financial CorporationUpgradeEqual Weight -> OverweightN/AView Rating Details
5/16/2016Oppenheimer Holdings, Inc.Reiterated RatingHoldN/AView Rating Details
3/28/2016Goldman Sachs Group, Inc. (The)Reiterated RatingBuy$9.50N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for VEREIT (NYSE:VER)
Earnings by Quarter for VEREIT (NYSE:VER)
Earnings History by Quarter for VEREIT (NYSE VER)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/8/2017$0.50N/AView Earnings Details
8/3/2017Q2 2017$0.18$0.02$296.02 million$336.90 millionViewListenView Earnings Details
5/4/2017Q1 2017$0.18$0.19$297.94 million$348.03 millionViewListenView Earnings Details
2/23/2017Q416($0.01)$0.17$309.69 million$351.87 millionViewN/AView Earnings Details
11/2/2016Q316$0.19$0.20$320.29 million$362.90 millionViewN/AView Earnings Details
8/4/2016Q216$0.19$0.19$323.34 million$371.00 millionViewN/AView Earnings Details
5/5/2016Q116$0.20$0.21$328.93 million$369.00 millionViewN/AView Earnings Details
2/24/2016Q415$0.20$0.20$351.17 million$383.40 millionViewListenView Earnings Details
11/5/2015Q315$0.21$0.21$361.42 million$385.00 millionViewN/AView Earnings Details
8/6/2015Q2$0.21$0.22$355.09 million$393.70 millionViewN/AView Earnings Details
5/7/2015Q115$0.23$0.22$365.65 million$394.00 millionViewN/AView Earnings Details
3/30/2015Q414$0.24$0.22$391.00 million$418.80 millionViewN/AView Earnings Details
3/2/2015$0.25$0.26$457.12 millionViewN/AView Earnings Details
7/29/2014Q214$0.23$0.24$311.90 million$382.00 millionViewN/AView Earnings Details
5/8/2014Q114$0.29$0.26$277.97 million$320.60 millionViewN/AView Earnings Details
2/27/2014Q413$0.23$0.25$84.30 million$94.10 millionViewN/AView Earnings Details
11/7/2013Q313$0.19$0.21$51.60 million$60.90 millionViewN/AView Earnings Details
8/6/2013Q2 2013$0.19$0.23$41.24 million$45.00 millionViewN/AView Earnings Details
5/6/20131Q13$0.17($0.90)$5.40 millionViewN/AView Earnings Details
2/28/2013Q412$0.23$0.28$5.22 million$5.60 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for VEREIT (NYSE:VER)
2017 EPS Consensus Estimate: $0.73
2018 EPS Consensus Estimate: $0.75
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.17$0.18$0.18
Q2 20173$0.18$0.18$0.18
Q3 20173$0.18$0.19$0.18
Q4 20173$0.18$0.20$0.19
Q1 20182$0.18$0.18$0.18
Q2 20182$0.18$0.20$0.19
Q3 20182$0.18$0.20$0.19
Q4 20182$0.18$0.19$0.19
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for VEREIT (NYSE:VER)
Most Recent Dividend:10/16/2017
Annual Dividend:$0.55
Dividend Yield:6.82%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-499.95% (Trailing 12 Months of Earnings)
78.57% (Based on This Year's Estimates)
75.34% (Based on Next Year's Estimates)
Dividend Payments by Quarter for VEREIT (NYSE:VER)

Dividend History by Quarter for VEREIT (NYSE VER)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/3/2017Quarterly$0.146.4%9/28/20179/29/201710/16/2017
5/5/2017quarterly$0.147.01%6/28/20176/30/20177/17/2017
2/23/2017$0.143/29/20173/31/20174/17/2017
11/2/2016quarterly$0.146.21%12/28/201612/30/20161/17/2017
8/3/2016quarterly$0.145.23%9/28/20169/30/201610/17/2016
5/6/2016quarterly$0.145.73%6/28/20166/30/20167/15/2016
2/26/2016quarterly$0.146.92%3/29/20163/31/20164/15/2016
8/5/2015quarterly$0.1419.03%9/28/20159/30/201510/15/2015
11/21/2014dec 14$0.0811.12%12/4/201412/8/201412/15/2014
10/21/2014monthly$0.088.2%11/5/201411/7/201411/14/2014
9/19/2014oct 14$0.0810/8/201410/15/2014
8/20/2014sep 14$0.087.52%9/4/20149/8/20149/15/2014
7/23/2014monthly$0.087.69%8/6/20148/8/20148/15/2014
6/27/2014monthly$0.088%7/3/20147/8/20147/15/2014
5/23/2014monthly$0.088.13%6/4/20146/6/20146/13/2014
4/23/2014monthly$0.087.55%5/6/20145/8/20145/15/2014
3/24/2014monthly$0.087.15%4/4/20144/8/20144/15/2014
2/20/2014monthly$0.087.09%3/5/20143/7/20143/14/2014
2/10/2014monthly$0.087.08%2/5/20142/7/20142/14/2014
1/24/2014feb 14$0.082/5/20142/7/20142/14/2014
12/27/2013monthly$0.087.36%1/6/20141/8/20141/15/2014
11/29/2013monthly$0.087.17%12/4/201312/6/201312/13/2013
11/27/2013$0.0812/4/201312/6/201312/13/2013
10/31/2013monthly$0.086.86%11/6/201311/8/201311/15/2013
10/30/2013nov 13$0.0811/8/201311/15/2013
9/30/2013monthly$0.087.46%10/4/201310/8/201310/15/2013
8/28/2013monthly$0.086.84%9/4/20139/8/20139/15/2013
8/27/2013sep 13$0.089/8/20139/15/2013
7/30/2013monthly$0.086.12%8/6/20138/8/20138/15/2013
7/29/2013aug 13$0.088/8/20138/15/2013
7/1/2013monthly$0.086.15%7/3/20137/8/20137/15/2013
5/30/2013jun 13$0.086/8/20136/15/2013
5/7/2013monthly$0.085.32%6/5/20136/8/20136/15/2013
4/29/2013monthly$0.085.48%5/6/20135/8/20135/15/2013
4/26/2013quarterly$0.085/8/20135/15/2013
3/27/2013monthly$0.086.19%4/4/20134/8/20134/15/2013
3/26/2013apr 13$0.084/8/20134/15/2013
2/27/2013monthly$0.086.47%3/6/20133/8/20133/15/2013
2/26/2013mar 13$0.083/8/20133/15/2013
1/29/2013monthly$0.076.63%2/6/20132/8/20132/15/2013
1/28/2013feb 13$0.072/8/20132/15/2013
12/28/2012monthly$0.076.74%1/4/20131/8/20131/15/2013
12/27/2012jan 13$0.071/8/20131/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for VEREIT (NYSE:VER)
Insider Ownership Percentage: 0.09%
Institutional Ownership Percentage: 85.99%
Insider Trades by Quarter for VEREIT (NYSE:VER)
Institutional Ownership by Quarter for VEREIT (NYSE:VER)
Insider Trades by Quarter for VEREIT (NYSE:VER)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/22/2017William Craig Jr. MillerInsiderBuy12,725$7.86$100,018.50View SEC Filing  
5/17/2017Paul H McdowellInsiderBuy7,000$7.51$52,570.00View SEC Filing  
5/16/2017Julie RichardsonDirectorBuy15,000$7.46$111,900.00View SEC Filing  
5/15/2017Thomas W RobertsInsiderBuy15,000$7.60$114,000.00View SEC Filing  
5/8/2017Glenn J RufranoCEOBuy32,000$7.81$249,920.00View SEC Filing  
5/5/2017Hugh R FraterInsiderBuy10,000$7.81$78,100.00View SEC Filing  
6/8/2016Thomas W RobertsInsiderSell100,000$9.82$982,000.00View SEC Filing  
11/10/2015Michael J BartolottaInsiderBuy30,500$8.06$245,830.00View SEC Filing  
9/11/2015Hugh R FraterDirectorBuy31,000$7.91$245,210.00View SEC Filing  
8/25/2015Hugh R FraterDirectorBuy31,000$8.04$249,240.00View SEC Filing  
8/24/2015Glenn J RufranoCEOBuy120,000$8.19$982,800.00View SEC Filing  
7/11/2014William G StanleyDirectorBuy10,000$12.66$126,600.00View SEC Filing  
6/25/2014Richard A SilfenEVPBuy4,850$12.34$59,849.00View SEC Filing  
6/25/2014William G StanleyDirectorBuy18,000$12.39$223,020.00View SEC Filing  
6/11/2014Richard A SilfenEVPBuy7,500$11.80$88,500.00View SEC Filing  
5/21/2014Scott BowmanDirectorBuy10,000$12.27$122,700.00View SEC Filing  
5/16/2014Scott BowmanDirectorBuy10,000$13.08$130,800.00View SEC Filing  
4/21/2014Edward Jr. WeilDirectorBuy7,500$13.28$99,600.00View SEC Filing  
3/28/2014Edward Jr. WeilDirectorBuy10,000$13.80$138,000.00View SEC Filing  
3/28/2014Lisa BeesonCOOBuy3,500$13.88$48,580.00View SEC Filing  
3/27/2014Brian BlockCFOBuy20,000$13.80$276,000.00View SEC Filing  
3/27/2014David KayPresidentBuy15,000$13.78$206,700.00View SEC Filing  
3/27/2014Nicholas SchorschCEOBuy50,000$13.78$689,000.00View SEC Filing  
3/27/2014William KahaneDirectorBuy25,000$13.78$344,500.00View SEC Filing  
1/17/2014Leslie MichelsonDirectorBuy6,900$13.53$93,357.00View SEC Filing  
12/30/2013Scott BowmanDirectorBuy10,000$12.75$127,500.00View SEC Filing  
11/18/2013Lisa BeesonCOOBuy7,500$13.19$98,925.00View SEC Filing  
11/18/2013Peter BudkoEVPBuy20,000$13.18$263,600.00View SEC Filing  
11/15/2013Edward Jr. WeilInsiderBuy15,000$13.24$198,600.00View SEC Filing  
11/15/2013Nicholas SchorschCEOBuy30,000$13.24$397,200.00View SEC Filing  
8/20/2013Brian JonesCOOBuy5,000$13.05$65,250.00View SEC Filing  
8/9/2013Brian BlockCFOBuy25,000$13.73$343,250.00View SEC Filing  
8/9/2013Peter BudkoEVPBuy50,000$13.73$686,500.00View SEC Filing  
4/11/2013Brian D JonesCOOBuy3,000$15.56$46,680.00View SEC Filing  
4/11/2013Brian S BlockCFOBuy10,000$15.69$156,900.00View SEC Filing  
4/11/2013Nicholas S SchorschCEOBuy30,000$15.69$470,700.00View SEC Filing  
4/11/2013Peter M BudkoEVPBuy30,001$15.69$470,715.69View SEC Filing  
3/4/2013Brian D JonesCOOBuy2,000$12.64$25,280.00View SEC Filing  
3/4/2013Edward M Jr. WeilInsiderBuy7,800$12.82$99,996.00View SEC Filing  
3/4/2013William M KahaneDirectorBuy50,000$12.56$628,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for VEREIT (NYSE:VER)
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Chart

VEREIT (VER) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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