Somewhat Positive Media Coverage Somewhat Unlikely to Impact VEREIT (VER) Stock Price
Media coverage about VEREIT (NYSE:VER) has trended somewhat positive on Wednesday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. VEREIT earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.5220055797596 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
- VEREIT Named Top Dividend Stock With Insider Buying and 6.36% Yield (VER) (nasdaq.com)
- Mid-America Real Estate brokers sale of 95,000-square-foot shopping center in Michigan (rejournals.com)
- VEREIT, Inc. (VER) vs. RAIT Financial Trust (RAS): Comparing the REIT – Diversified Industry’s Most Active Stocks – StockNewsGazette (stocknewsgazette.com)
- Stock Under Review: Looking at the Levels for Vereit Inc (VER) – Wall Street Review (thewallstreetreview.com)
- VEREIT, Inc. (VER): What are the Technicals Saying? – Economic News (economicsandmoney.com)
Shares of VEREIT (NYSE:VER) opened at 8.54 on Wednesday. VEREIT has a 12 month low of $7.44 and a 12 month high of $10.44. The stock’s market capitalization is $8.32 billion. The stock’s 50 day moving average price is $8.48 and its 200-day moving average price is $8.38.
VEREIT (NYSE:VER) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.16). VEREIT had a negative net margin of 2.72% and a negative return on equity of 0.44%. The firm had revenue of $336.90 million for the quarter, compared to the consensus estimate of $296.02 million. During the same quarter last year, the company earned $0.19 earnings per share. The firm’s revenue was down 9.2% on a year-over-year basis. Equities analysts forecast that VEREIT will post ($1.70) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a yield of 6.46%. This is a boost from VEREIT’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, September 28th. VEREIT’s dividend payout ratio is -499.95%.
A number of analysts have recently issued reports on VER shares. Zacks Investment Research raised VEREIT from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research report on Wednesday, July 19th. BidaskClub raised VEREIT from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Finally, ValuEngine lowered VEREIT from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.80.
VEREIT Company Profile
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.
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