$0.17 EPS Expected for Vereit Inc (VER) This Quarter
Wall Street brokerages predict that Vereit Inc (NYSE:VER) will announce $0.17 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Vereit’s earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.18. Vereit posted earnings per share of $0.18 during the same quarter last year, which suggests a negative year-over-year growth rate of 5.6%. The company is scheduled to report its next quarterly earnings report before the market opens on Wednesday, May 8th.
On average, analysts expect that Vereit will report full year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.62 to $0.71. For the next year, analysts expect that the business will report earnings of $0.69 per share, with EPS estimates ranging from $0.64 to $0.72. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Vereit.
Vereit (NYSE:VER) last posted its quarterly earnings results on Thursday, February 21st. The financial services provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.16). The business had revenue of $313.26 million for the quarter, compared to the consensus estimate of $288.89 million. Vereit had a negative return on equity of 1.18% and a negative net margin of 6.82%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share.
VER opened at $8.07 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.78. The company has a market cap of $7.81 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 1.12 and a beta of 0.68. Vereit has a fifty-two week low of $6.52 and a fifty-two week high of $8.56.
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.138 dividend. This represents a $0.55 annualized dividend and a yield of 6.84%. The ex-dividend date of this dividend was Thursday, March 28th. This is an increase from Vereit’s previous quarterly dividend of $0.14. Vereit’s dividend payout ratio is presently 76.39%.
A number of large investors have recently modified their holdings of the business. Capital Investment Advisory Services LLC increased its stake in Vereit by 7.2% in the fourth quarter. Capital Investment Advisory Services LLC now owns 18,818 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 1,262 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Vereit by 47.8% in the fourth quarter. Bessemer Group Inc. now owns 4,174 shares of the financial services provider’s stock valued at $30,000 after buying an additional 1,349 shares during the period. Wiley BROS. Aintree Capital LLC boosted its holdings in shares of Vereit by 2.7% in the first quarter. Wiley BROS. Aintree Capital LLC now owns 53,431 shares of the financial services provider’s stock valued at $447,000 after buying an additional 1,400 shares during the period. HRT Financial LLC boosted its holdings in shares of Vereit by 10.9% in the fourth quarter. HRT Financial LLC now owns 22,769 shares of the financial services provider’s stock valued at $162,000 after buying an additional 2,237 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Vereit by 26.1% in the fourth quarter. Quadrant Capital Group LLC now owns 12,026 shares of the financial services provider’s stock valued at $82,000 after buying an additional 2,490 shares during the period. 93.02% of the stock is owned by hedge funds and other institutional investors.
Vereit Company Profile
VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has a total asset book value of $14.0 billion including approximately 4,000 properties and 95.0 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.
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