Vereit (VER) Downgraded by ValuEngine to Hold

Vereit (NYSE:VER) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other brokerages also recently weighed in on VER. Zacks Investment Research downgraded shares of Vereit from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Vereit in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.42.

Vereit (NYSE VER) opened at $7.09 on Friday. Vereit has a one year low of $6.94 and a one year high of $9.12. The firm has a market cap of $6,907.28, a P/E ratio of 9.71 and a beta of 0.64. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60.

Vereit (NYSE:VER) last announced its earnings results on Wednesday, November 8th. The financial services provider reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of VER. Thompson Siegel & Walmsley LLC purchased a new stake in shares of Vereit during the third quarter valued at approximately $41,057,000. Fosun International Ltd grew its holdings in shares of Vereit by 204.6% during the third quarter. Fosun International Ltd now owns 5,845,132 shares of the financial services provider’s stock valued at $48,455,000 after buying an additional 3,925,900 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Vereit by 253.2% during the third quarter. Russell Investments Group Ltd. now owns 4,373,318 shares of the financial services provider’s stock valued at $36,257,000 after buying an additional 3,135,055 shares during the last quarter. LSV Asset Management grew its holdings in shares of Vereit by 15.7% during the fourth quarter. LSV Asset Management now owns 17,843,400 shares of the financial services provider’s stock valued at $139,000,000 after buying an additional 2,426,331 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Vereit by 127.4% during the third quarter. Wells Fargo & Company MN now owns 2,600,611 shares of the financial services provider’s stock valued at $21,559,000 after buying an additional 1,457,184 shares during the last quarter. Hedge funds and other institutional investors own 85.17% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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