Investors Purchase High Volume of Call Options on Vereit (VER)

Vereit Inc (NYSE:VER) was the target of some unusual options trading activity on Tuesday. Traders bought 1,312 call options on the company. This is an increase of approximately 1,186% compared to the average volume of 102 call options.

A number of research analysts have commented on VER shares. ValuEngine raised shares of Vereit from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research downgraded shares of Vereit from a “buy” rating to a “hold” rating in a research report on Saturday, November 18th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Vereit in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $9.42.

Large investors have recently added to or reduced their stakes in the company. WINTON GROUP Ltd bought a new stake in shares of Vereit in the 2nd quarter valued at about $100,000. Ffcm LLC bought a new stake in shares of Vereit in the 3rd quarter valued at about $111,000. Fox Run Management L.L.C. bought a new stake in shares of Vereit in the 4th quarter valued at about $114,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Vereit in the 3rd quarter valued at about $117,000. Finally, Institute for Wealth Management LLC. bought a new stake in shares of Vereit in the 2nd quarter valued at about $127,000. Institutional investors and hedge funds own 85.18% of the company’s stock.

Vereit (VER) opened at $7.30 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. The company has a market cap of $7,110.00, a PE ratio of -56.15 and a beta of 0.75. Vereit has a 12-month low of $7.27 and a 12-month high of $9.12.

Vereit (NYSE:VER) last released its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). Vereit had a negative net margin of 3.76% and a negative return on equity of 0.61%. equities research analysts expect that Vereit will post 0.71 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date was Thursday, December 28th. Vereit’s dividend payout ratio is currently -423.08%.

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About Vereit

VEREIT, Inc is a full-service real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. It operates through two segments: real estate investment (REI) segment and its investment management segment, Cole Capital.

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