Vereit Inc. (VER) Earns Neutral Rating from Analysts at Mizuho
Research analysts at Mizuho initiated coverage on shares of Vereit Inc. (NYSE:VER) in a research report issued on Thursday, The Fly reports. The brokerage set a “neutral” rating on the stock.
Several other brokerages have also commented on VER. Zacks Investment Research raised Vereit from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Capital One Financial Corp. raised Vereit from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 5th. Finally, BMO Capital Markets reissued a “buy” rating and issued a $11.00 price objective on shares of Vereit in a research note on Thursday, June 16th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $10.06.
Vereit (NYSE:VER) traded up 0.94% during trading on Thursday, hitting $9.70. The company had a trading volume of 6,665,295 shares. Vereit has a 12-month low of $6.68 and a 12-month high of $11.09. The company’s market capitalization is $8.77 billion. The firm has a 50-day moving average of $10.12 and a 200 day moving average of $9.87.
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Vereit (NYSE:VER) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The business had revenue of $371 million for the quarter, compared to analyst estimates of $323.34 million. Vereit had a negative return on equity of 3.36% and a negative net margin of 19.21%. Vereit’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 EPS. On average, equities research analysts forecast that Vereit will post $0.77 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a dividend of $0.1375 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.67%. Vereit’s payout ratio is currently -134.15%.
Several large investors have recently added to or reduced their stakes in VER. Quadrant Capital Group LLC increased its stake in Vereit by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 10,366 shares of the company’s stock worth $104,000 after buying an additional 56 shares during the last quarter. Capstone Asset Management Co. increased its stake in Vereit by 0.6% in the third quarter. Capstone Asset Management Co. now owns 17,642 shares of the company’s stock worth $183,000 after buying an additional 110 shares during the last quarter. Dynamic Advisors Solutions LLC increased its stake in Vereit by 1.0% in the third quarter. Dynamic Advisors Solutions LLC now owns 14,131 shares of the company’s stock worth $147,000 after buying an additional 136 shares during the last quarter. V Wealth Management LLC increased its stake in Vereit by 1.5% in the second quarter. V Wealth Management LLC now owns 13,300 shares of the company’s stock worth $135,000 after buying an additional 200 shares during the last quarter. Finally, CWM LLC increased its stake in Vereit by 1.5% in the second quarter. CWM LLC now owns 13,761 shares of the company’s stock worth $140,000 after buying an additional 205 shares during the last quarter. Institutional investors own 75.58% of the company’s stock.
Vereit Company Profile
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