VEREIT Inc. (NYSE:VER) has received a consensus rating of “Hold” from the eleven analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $9.88.

Several equities analysts have recently commented on the stock. Evercore ISI reaffirmed an “in-line” rating and set a $9.00 price target on shares of VEREIT in a research report on Wednesday, April 26th. BMO Capital Markets set a $10.00 price target on shares of VEREIT and gave the stock a “buy” rating in a research report on Wednesday, March 22nd. Zacks Investment Research cut shares of VEREIT from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. ValuEngine cut shares of VEREIT from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub cut shares of VEREIT from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th.

In other VEREIT news, insider Hugh R. Frater bought 10,000 shares of the business’s stock in a transaction on Friday, May 5th. The shares were purchased at an average price of $7.81 per share, with a total value of $78,100.00. Following the completion of the acquisition, the insider now directly owns 37,486 shares of the company’s stock, valued at approximately $292,765.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Glenn J. Rufrano bought 32,000 shares of the business’s stock in a transaction on Monday, May 8th. The stock was acquired at an average cost of $7.81 per share, for a total transaction of $249,920.00. Following the acquisition, the chief executive officer now directly owns 1,962,657 shares of the company’s stock, valued at $15,328,351.17. The disclosure for this purchase can be found here. Insiders have bought 91,725 shares of company stock worth $706,509 in the last ninety days. Corporate insiders own 0.09% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of VEREIT by 2.5% in the first quarter. Vanguard Group Inc. now owns 155,944,544 shares of the financial services provider’s stock worth $1,323,969,000 after buying an additional 3,799,549 shares in the last quarter. BlackRock Inc. boosted its position in shares of VEREIT by 3,227.7% in the first quarter. BlackRock Inc. now owns 76,790,678 shares of the financial services provider’s stock worth $651,955,000 after buying an additional 74,483,066 shares in the last quarter. Lasalle Investment Management Securities LLC boosted its position in shares of VEREIT by 72.6% in the first quarter. Lasalle Investment Management Securities LLC now owns 16,129,586 shares of the financial services provider’s stock worth $136,940,000 after buying an additional 6,783,213 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of VEREIT by 4.7% in the first quarter. Dimensional Fund Advisors LP now owns 12,868,146 shares of the financial services provider’s stock worth $109,250,000 after buying an additional 582,551 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of VEREIT by 43.9% in the first quarter. Morgan Stanley now owns 10,594,933 shares of the financial services provider’s stock worth $89,951,000 after buying an additional 3,229,897 shares in the last quarter. 84.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of VEREIT (NYSE:VER) opened at 8.11 on Friday. The stock has a 50 day moving average price of $8.11 and a 200 day moving average price of $8.44. The stock’s market capitalization is $7.90 billion. VEREIT has a 12-month low of $7.44 and a 12-month high of $11.09.

VEREIT (NYSE:VER) last announced its earnings results on Thursday, May 4th. The financial services provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $348.03 million during 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 company’s revenue was down 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. On average, equities analysts anticipate that VEREIT will post ($1.70) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a dividend of $0.1375 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.55 annualized dividend and a dividend yield of 6.78%. VEREIT’s payout ratio is -366.67%.

ILLEGAL ACTIVITY WARNING: This news story was reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/07/07/vereit-inc-ver-receives-average-rating-of-hold-from-analysts.html.

About VEREIT

VEREIT, 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.

Analyst Recommendations for VEREIT (NYSE:VER)

Receive News & Ratings for VEREIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VEREIT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.