VEREIT Inc. (NYSE:VER) – Capital One Financial Corporation cut their FY2017 EPS estimates for shares of VEREIT in a research report issued on Thursday. Capital One Financial Corporation analyst C. Lucas now forecasts that the financial services provider will post earnings of $0.73 per share for the year, down from their previous estimate of $0.74. Capital One Financial Corporation also issued estimates for VEREIT’s Q1 2018 earnings at $0.18 EPS and Q4 2018 earnings at $0.18 EPS.

Other research analysts have also recently issued reports about the company. ValuEngine raised VEREIT from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research raised VEREIT from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research note on Wednesday, July 19th. Finally, BidaskClub raised VEREIT from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $9.80.

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VEREIT (NYSE VER) opened at 8.35 on Friday. VEREIT has a one year low of $7.44 and a one year high of $9.84. The firm’s 50-day moving average price is $8.50 and its 200 day moving average price is $8.36. The firm’s market capitalization is $8.13 billion.

VEREIT (NYSE:VER) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.02 EPS for the quarter, missing the Thomson Reuters’ 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 return on equity of 0.44% and a negative net margin of 2.72%. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.138 per share. This is a boost from VEREIT’s previous quarterly dividend of $0.14. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date is Thursday, September 28th. VEREIT’s dividend payout ratio (DPR) is -499.95%.

Several large investors have recently made changes to their positions in the company. WINTON GROUP Ltd bought a new stake in shares of VEREIT in the second quarter worth about $100,000. Strid Group LLC bought a new stake in shares of VEREIT in the second quarter worth about $105,000. Sheaff Brock Investment Advisors LLC grew its stake in shares of VEREIT by 26.8% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,033 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 2,969 shares during the last quarter. IBM Retirement Fund grew its stake in shares of VEREIT by 31.3% in the second quarter. IBM Retirement Fund now owns 14,253 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 3,395 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in shares of VEREIT by 18.1% in the second quarter. Stratos Wealth Partners LTD. now owns 14,550 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 2,234 shares during the last quarter. 85.99% of the stock is currently owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for VEREIT (NYSE:VER)

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