Vereit Inc. (VER) Now Covered by Analysts at Mizuho
Several other equities research analysts also recently weighed in on VER. BMO Capital Markets reaffirmed a buy rating and set a $11.00 price target on shares of Vereit in a research report on Thursday, June 16th. Zacks Investment Research raised Vereit from a sell rating to a hold rating in a research report on Tuesday, August 9th. Finally, Capital One Financial Corp. raised Vereit from an equal weight rating to an overweight rating in a research report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Vereit has an average rating of Buy and a consensus price target of $9.98.
Vereit (NYSE:VER) traded up 0.21% during midday trading on Thursday, hitting $9.72. The company had a trading volume of 1,148,782 shares. The company has a 50 day moving average price of $10.12 and a 200 day moving average price of $9.87. The firm’s market capitalization is $8.79 billion. Vereit has a 1-year low of $6.68 and a 1-year high of $11.09.
Vereit (NYSE:VER) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $371 million for the quarter, compared to the consensus estimate of $323.34 million. Vereit had a negative return on equity of 3.36% and a negative net margin of 19.21%. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. Equities research analysts forecast that Vereit will post $0.77 earnings per share for the current fiscal year.
The firm 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. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date of this dividend is Wednesday, September 28th. Vereit’s dividend payout ratio (DPR) is presently -134.15%.
A number of large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC boosted 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 valued at $104,000 after buying an additional 56 shares during the last quarter. Mizuho Asset Management Co. Ltd. purchased a new stake in Vereit during the second quarter valued at about $106,000. Regal Investment Advisors LLC purchased a new stake in Vereit during the second quarter valued at about $106,000. Crossvault Capital Management LLC purchased a new stake in Vereit during the second quarter valued at about $106,000. Finally, Veritable L.P. purchased a new stake in Vereit during the second quarter valued at about $109,000. Institutional investors own 75.58% of the company’s stock.
Vereit Company Profile
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