Vereit (VER) Earning Somewhat Favorable Press Coverage, Analysis Shows
News headlines about Vereit (NYSE:VER) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Vereit earned a news impact score of 0.22 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.5930649380255 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern’s analysis:
- JMP Securities Lowers Vereit (VER) Price Target to $9.00 (americanbankingnews.com)
- Head to Head Analysis: Vereit (VER) versus DuPont Fabros Technology (DFT) (americanbankingnews.com)
- Vereit (VER) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS (americanbankingnews.com)
- Vereit (VER) Releases FY18 Earnings Guidance (americanbankingnews.com)
- VEREIT® Announces Fourth Quarter and Full Year 2017 Operating Results (finance.yahoo.com)
Several research firms have commented on VER. ValuEngine lowered Vereit from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered Vereit from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. Stifel Nicolaus reissued a “hold” rating on shares of Vereit in a research report on Wednesday, November 1st. Finally, JMP Securities cut their price objective on Vereit from $9.50 to $9.00 and set a “market outperform” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.31.
Vereit (NYSE:VER) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. Vereit had a negative return on equity of 0.61% and a negative net margin of 3.76%. The company had revenue of $316.60 million for the quarter, compared to analyst estimates of $284.78 million. During the same period last year, the company posted $0.18 earnings per share. The firm’s revenue was down 3.3% compared to the same quarter last year. research analysts predict that Vereit will post 0.71 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be given a $0.138 dividend. This represents a $0.55 annualized dividend and a yield of 8.01%. The ex-dividend date of this dividend is Wednesday, March 28th. Vereit’s dividend payout ratio (DPR) is presently -2,750.00%.
Vereit Company Profile
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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