NYSE:VERVereit Stock Price, Forecast & News

$5.74

-0.11 (-1.88 %)

(As of 05/27/2020 04:00 PM ET)

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Today's Range

$5.64

Now: $5.74▼

$6.21

50-Day Range

$4.44

MA: $5.05▼

$5.85

52-Week Range

$3.56

Now: $5.74▼

$10.18

Volume15.83 million shs

Average Volume14.67 million shs

Market Capitalization$6.19 billion

P/E RatioN/A

Dividend Yield9.40%

Beta1.08

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. VEREIT is a publicly traded Maryland corporation listed on the New York Stock Exchange. VEREIT uses, and intends to continue to use, its Investor Relations website, which can be found at www.VEREIT.com, as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
Vereit has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $9.54, Vereit has a potential upside of 66.3% from its current price of $5.74.
Amount of Analyst Coverage
Vereit has only been the subject of 1 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Vereit has received 450 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Vereit has received 579 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Vereit has received 56.27% “underperform” votes from our community.

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.

1.7 Dividend Strength

Dividend Leadership
Vereit is a leading dividend payer. It pays a dividend yield of 9.40%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Vereit does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Vereit is 79.71 %. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Vereit will have a dividend payout ratio of 90.16 % in the coming year. This indicates that Vereit may not be able to sustain their current dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Vereit insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.22% of the stock of Vereit is held by insiders.
Percentage Held by Institutions
93.46% of the stock of Vereit is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Vereit are expected to remain at $0.61 per share in the coming year.
Price to Earnings Ratio vs. the Market
The P/E ratio of Vereit is -15.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Vereit is -15.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Vereit has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.74 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Real estate investment trusts

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:VER

Previous Symbol

CUSIPN/A

CIK1507385

Webwww.vereit.com

Phone800-606-3610

Debt

Debt-to-Equity Ratio0.93

Current Ratio2.17

Quick Ratio2.17

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio9.41

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.24 billion

Price / Sales5.00

Cash Flow$0.19 per share

Price / Cash Flow29.86

Book Value$6.21 per share

Price / Book0.92

Profitability

EPS (Most Recent Fiscal Year)$0.69

Net Income$-300,350,000.00

Net Margins-23.19%

Return on Equity-4.05%

Return on Assets-2.05%

Miscellaneous

Employees180

Outstanding Shares1,077,849,000

Market Cap$6.19 billion

Next Earnings Date8/5/2020 (Estimated)

OptionableOptionable

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Vereit (NYSE:VER) Frequently Asked Questions

How has Vereit's stock been impacted by COVID-19 (Coronavirus)?

Vereit's stock was trading at $7.46 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, VER shares have decreased by 23.1% and is now trading at $5.74. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Vereit?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vereit in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Vereit.

When is Vereit's next earnings date?

Vereit is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Vereit.

How were Vereit's earnings last quarter?

Vereit Inc (NYSE:VER) released its quarterly earnings data on Wednesday, May, 20th. The financial services provider reported $0.07 EPS for the quarter, missing the Zacks' consensus estimate of $0.16 by $0.09. The financial services provider earned $299.20 million during the quarter, compared to analyst estimates of $301.11 million. Vereit had a negative net margin of 23.19% and a negative return on equity of 4.05%. The firm's revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 EPS. View Vereit's earnings history.

How often does Vereit pay dividends? What is the dividend yield for Vereit?

Vereit declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.077 per share on Wednesday, July 15th. This represents a $0.31 annualized dividend and a yield of 5.37%. The ex-dividend date is Monday, June 29th. View Vereit's dividend history.

What price target have analysts set for VER?

7 equities research analysts have issued 1-year price objectives for Vereit's stock. Their forecasts range from $5.80 to $11.00. On average, they expect Vereit's stock price to reach $9.54 in the next year. This suggests a possible upside of 66.3% from the stock's current price. View analysts' price targets for Vereit.

Has Vereit been receiving favorable news coverage?

Headlines about VER stock have trended very negative on Wednesday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Vereit earned a media sentiment score of -3.8 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutVereit.

Who are some of Vereit's key competitors?

Some companies that are related to Vereit include Equity Residential (EQR), AvalonBay Communities (AVB), Welltower (WELL), Realty Income (O), Alexandria Real Estate Equities (ARE), Simon Property Group (SPG), Weyerhaeuser (WY), Essex Property Trust (ESS), Ventas (VTR), Mid-America Apartment Communities (MAA), Sun Communities (SUI), HCP (HCP), Duke Realty (DRE), Boston Properties (BXP) and Equity Lifestyle Properties (ELS). View all competitors.

What other stocks do shareholders of Vereit own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Vereit investors own include Opko Health (OPK), Vuzix (VUZI), AT&T (T), ANNALY CAP MGMT/SH (NLY), Realty Income (O), Ford Motor (F), New Residential Investment (NRZ), Verizon Communications (VZ), Virtu Financial (VIRT) and General Electric (GE).

Who are Vereit's key executives?

Vereit's management team includes the following 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)

What is Vereit's stock symbol?

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

Who are Vereit's major shareholders?

Vereit's stock is owned by a variety of institutional and retail investors. Top institutional investors include Cohen & Steers Inc. (10.76%), BlackRock Inc. (8.30%), Invesco Ltd. (4.00%), JPMorgan Chase & Co. (3.29%), Eminence Capital LP (2.40%) and Cbre Clarion Securities LLC (1.64%). Company insiders that own Vereit stock include Gavin Brandon and Thomas W Roberts. 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 APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., Nuveen Asset Management LLC, Parametric Portfolio Associates LLC, Alliancebernstein L.P., SG Americas Securities LLC, and Cbre Clarion Securities LLC. View insider buying and selling activity for Vereit.

Which institutional investors are buying Vereit stock?

VER stock was bought by a variety of institutional investors in the last quarter, including Invesco Ltd., Cohen & Steers Inc., Eminence Capital LP, Wells Fargo & Company MN, Centersquare Investment Management LLC, Aew Capital Management L P, Sumitomo Mitsui Trust Holdings Inc., and JPMorgan Chase & Co.. View insider buying and selling activity 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 $5.74.

How big of a company is Vereit?

Vereit has a market capitalization of $6.19 billion and generates $1.24 billion in revenue each year. The financial services provider earns $-300,350,000.00 in net income (profit) each year or $0.69 on an earnings per share basis. Vereit employs 180 workers across the globe.

What is Vereit's official website?

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

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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff