VEREIT Company Profile (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 - NEC
  • Sub-Industry: N/A
  • Symbol: NYSE:VER
  • CUSIP: N/A
  • Web:
  • Market Cap: $8.2 billion
  • Outstanding Shares: 973,890,000
Average Prices:
  • 50 Day Moving Avg: $8.26
  • 200 Day Moving Avg: $8.42
  • 52 Week Range: $7.44 - $11.09
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: -0.30
  • P/E Growth: -0.96
Sales & Book Value:
  • Annual Revenue: $1.43 billion
  • Price / Sales: 5.73
  • Book Value: $8.53 per share
  • Price / Book: 0.99
  • Annual Dividend: $0.55
  • Dividend Yield: 6.6%
  • EBIDTA: $1.14 billion
  • Net Margins: -4.77%
  • Return on Equity: -0.80%
  • Return on Assets: -0.42%
  • Debt-to-Equity Ratio: 0.63%
  • Current Ratio: 0.61%
  • Quick Ratio: 0.61%
  • Average Volume: 10.56 million shs.
  • Beta: 0.76
  • Short Ratio: 1.53

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 announced a quarterly dividend on Friday, May 5th. Investors of record on Friday, June 30th will be given a dividend of $0.1375 per share on Monday, July 17th. This represents a $0.55 annualized dividend and a yield of 6.53%. The ex-dividend date is Wednesday, June 28th. View VEREIT's Dividend History.

How will VEREIT's stock buyback program work?

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

How were VEREIT's earnings last quarter?

VEREIT Inc. (NYSE:VER) released its quarterly earnings results on Thursday, May, 4th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The firm had revenue of $348.03 million for the quarter, compared to the consensus estimate of $297.94 million. VEREIT had a negative return on equity of 0.80% and a negative net margin of 4.77%. The firm's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 EPS. View VEREIT's Earnings History.

When will VEREIT make its next earnings announcement?

VEREIT is scheduled to release their next quarterly earnings announcement on Thursday, August, 3rd 2017. View Earnings Estimates for VEREIT.

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

8 equities research analysts have issued 1-year price targets for VEREIT's shares. Their predictions range from $9.00 to $11.00. On average, they anticipate VEREIT's share price to reach $9.88 in the next twelve months. View Analyst Ratings for VEREIT.

Are investors shorting VEREIT?

VEREIT saw a increase in short interest during the month of June. As of June 30th, there was short interest totalling 29,157,497 shares, an increase of 16.4% from the June 15th total of 25,046,319 shares. Based on an average daily trading volume, of 11,285,265 shares, the short-interest ratio is currently 2.6 days. Currently, 3.0% of the company's shares are sold short.

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 institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.96%), Real Estate Management Services LLC (0.43%), APG Asset Management N.V. (0.10%), Oregon Public Employees Retirement Fund (0.08%), Financial & Investment Management Group Ltd. (0.07%) and State of Alaska Department of Revenue (0.07%). 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., Koshinski Asset Management Inc., Maple Capital Management Inc., US Bancorp DE, Aperio Group LLC, CWM LLC, Winslow Evans & Crocker Inc. and V Wealth Management LLC. 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 Bank of Montreal Can, Real Estate Management Services LLC, Manning & Napier Advisors LLC, Financial & Investment Management Group Ltd., Oregon Public Employees Retirement Fund, State of Alaska Department of Revenue, Forsta AP Fonden and Orinda Asset Management 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 $8.42.

MarketBeat Community Rating for VEREIT (NYSE VER)
Community Ranking:  1.9 out of 5 ()
Outperform Votes:  123 (Vote Outperform)
Underperform Votes:  196 (Vote Underperform)
Total Votes:  319
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, 2 Hold Ratings, 5 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $9.88 (17.28% upside)

Analysts' Ratings History for VEREIT (NYSE:VER)
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 7/21/2015 forward)


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
8/3/2017($5.80)N/AView 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)


Earnings Estimates for VEREIT (NYSE:VER)
2017 EPS Consensus Estimate: $0.73
2018 EPS Consensus Estimate: $0.76
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$0.19$0.19
Q2 20182$0.18$0.20$0.19
Q3 20182$0.19$0.20$0.20
Q4 20182$0.19$0.19$0.19
(Data provided by Zacks Investment Research)


Current Dividend Information for VEREIT (NYSE:VER)
Most Recent Dividend:7/17/2017
Annual Dividend:$0.55
Dividend Yield:6.53%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:-366.67% (Trailing 12 Months of Earnings)
-32.35% (Based on This Year's Estimates)
-1.99% (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
11/21/2014dec 14$0.0811.12%12/4/201412/8/201412/15/2014
9/19/2014oct 14$0.0810/8/201410/15/2014
8/20/2014sep 14$0.087.52%9/4/20149/8/20149/15/2014
1/24/2014feb 14$0.082/5/20142/7/20142/14/2014
10/30/2013nov 13$0.0811/8/201311/15/2013
8/27/2013sep 13$0.089/8/20139/15/2013
7/29/2013aug 13$0.088/8/20138/15/2013
5/30/2013jun 13$0.086/8/20136/15/2013
3/26/2013apr 13$0.084/8/20134/15/2013
2/26/2013mar 13$0.083/8/20133/15/2013
1/28/2013feb 13$0.072/8/20132/15/2013
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: 85.82%
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)


Headline Trends for VEREIT (NYSE:VER)
Latest Headlines for VEREIT (NYSE:VER)
DateHeadline logoStocks Under Scanner in the REIT Space -- Spirit Realty Capital, VEREIT, Annaly Capital Management, and Gaming and Leisure Properties - July 20 at 2:07 AM logoVEREIT Inc. (NYSE:VER) Stock Rating Upgraded by Zacks Investment Research - July 19 at 3:05 PM logoStocks Under Scanner in the REIT Space -- Spirit Realty Capital, VEREIT, Annaly Capital Management, and Gaming ... - PR Newswire (press release) - July 19 at 9:01 AM logoVEREIT Inc. (NYSE:VER) Sees Large Increase in Short Interest - July 18 at 7:22 AM logoVEREIT Inc. (VER) Rating Increased to Hold at BidaskClub - July 16 at 8:56 PM logoETFs with exposure to VEREIT, Inc. : July 14, 2017 - July 14 at 9:56 PM logo Analysts Anticipate VEREIT Inc. (NYSE:VER) Will Post Quarterly Sales of $305.01 Million - July 14 at 4:22 PM logoVEREIT: Is A Breakout Just Around The Corner? - July 14 at 9:43 AM logoZacks: Brokerages Anticipate VEREIT Inc. (VER) to Post $0.18 Earnings Per Share - July 12 at 7:56 AM logoVEREIT, Inc. breached its 50 day moving average in a Bearish Manner : VER-US : July 11, 2017 - July 11 at 9:12 AM logoVEREIT Inc. (VER) Receives Average Rating of "Hold" from Analysts - July 7 at 9:09 AM logoVEREIT® to Issue Second Quarter 2017 Quarterly Report and Host Earnings Conference Call on Thursday, August 3 ... - PR Newswire (press release) - June 29 at 9:13 PM logoVEREIT Inc. (VER) Ex-Dividend Date Scheduled for June 28, 2017 - Nasdaq - June 29 at 9:13 PM logoVEREIT® to Issue Second Quarter 2017 Quarterly Report and Host Earnings Conference Call on Thursday, August 3, 2017 - June 29 at 7:49 AM logoVEREIT Inc. (VER) Stock Rating Lowered by BidaskClub - June 24 at 3:04 PM logoVEREIT Inc. (VER) to Post Q3 2017 Earnings of $0.19 Per Share, Capital One Financial Corporation Forecasts - June 23 at 8:33 AM logoTrials And Tribulations For VEREIT - Seeking Alpha - June 22 at 7:35 PM logoVEREIT, Inc. breached its 50 day moving average in a Bearish Manner : VER-US : June 21, 2017 - June 22 at 2:31 PM logoResearch Analysts Set Expectations for VEREIT Inc.'s Q1 2018 Earnings (VER) - June 22 at 11:50 AM logoVEREIT: Is Outperformance Lurking Around The Corner? - June 21 at 6:27 AM logo Analysts Expect VEREIT Inc. (VER) Will Post Quarterly Sales of $306.32 Million - June 18 at 10:26 AM logoZacks: Analysts Anticipate VEREIT Inc. (VER) to Post $0.18 EPS - June 16 at 9:24 AM logoETFs with exposure to VEREIT, Inc. : June 15, 2017 - June 15 at 3:47 PM logoVEREIT Inc. (VER) Short Interest Up 24.7% in May - June 15 at 7:08 AM logoVEREIT Inc. (VER) Given Average Rating of "Hold" by Brokerages - June 12 at 9:29 AM logoVEREIT Named Top Dividend Stock With Insider Buying and 6.58% Yield (VER) - June 10 at 1:56 AM logoVEREIT, Inc. breached its 50 day moving average in a Bullish Manner : VER-US : June 5, 2017 - June 5 at 11:15 AM logoVereit (VER) to Buyback $200.00 million in Outstanding Stock - June 4 at 12:44 PM logoVereit Inc (VER) Lowered to Hold at ValuEngine - June 2 at 8:34 PM logoVereit Inc (VER) Stock Rating Upgraded by Evercore ISI - May 28 at 8:20 PM logoVEREIT, Inc. breached its 50 day moving average in a Bullish Manner : VER-US : May 26, 2017 - May 26 at 8:18 AM logoVereit Inc (VER) Insider William Craig Jr. Miller Buys 12,725 Shares - May 23 at 8:18 PM logoHas VEREIT Hit Bottom? - Seeking Alpha - May 23 at 8:24 AM logoVEREIT, Inc.: Risk Is Greatly Overstated - May 22 at 7:33 PM logoVEREIT® Recognizes Top Leasing Brokers at ICSC RECon 2017 Special Event - May 22 at 8:17 AM logoVereit Inc (VER) Insider Paul H. Mcdowell Acquires 7,000 Shares - May 18 at 8:32 PM logoVereit Inc (VER) Director Buys $111,900.00 in Stock - May 17 at 8:11 PM logoVEREIT, Inc. Announces $200 Million Share Repurchase Program - PR Newswire (press release) - May 17 at 11:04 AM logoInsiders Buy the Holdings of VONV ETF - May 16 at 9:52 PM logoVereit Inc (VER) Insider Thomas W. Roberts Buys 15,000 Shares - May 16 at 8:23 PM logoVereit Inc (VER) Given Average Recommendation of "Hold" by Analysts - May 16 at 8:42 AM logoVEREIT, Inc. Announces $200 Million Share Repurchase Program - May 15 at 8:38 AM logoVereit Inc Forecasted to Earn Q2 2018 Earnings of $0.18 Per Share (VER) - May 11 at 2:14 PM logoVereit Inc (VER) Upgraded at Zacks Investment Research - May 10 at 10:36 PM logoVEREIT® Announces Monthly Series F Preferred Stock Dividend for July 2017 through September 2017 - May 9 at 7:59 PM logoInsider Buying: Vereit Inc (VER) Insider Buys 10,000 Shares of Stock - May 8 at 8:23 PM logoVereit Inc (VER) CEO Glenn J. Rufrano Acquires 32,000 Shares - May 8 at 7:56 PM logoVereit Inc (VER) Upgraded to Outperform at Evercore ISI - May 6 at 2:40 PM logoVEREIT® Announces First Quarter 2017 Operating Results - PR Newswire (press release) - May 6 at 8:06 AM logoVereit Inc Announces Quarterly Dividend of $0.14 (VER) - May 5 at 7:08 PM



VEREIT (VER) Chart for Friday, July, 21, 2017

This page was last updated on 7/21/2017 by Staff