VEREIT Inc. (NYSE:VER) – Analysts at Capital One Financial Corporation lowered their FY2017 earnings estimates for VEREIT in a research note issued on Thursday. Capital One Financial Corporation analyst C. Lucas now forecasts that the financial services provider will post earnings of $0.69 per share for the year, down from their previous forecast of $0.70. Capital One Financial Corporation also issued estimates for VEREIT’s Q4 2017 earnings at $0.17 EPS, FY2018 earnings at $0.74 EPS and FY2019 earnings at $0.76 EPS.

Several other equities analysts have also issued reports on VER. Zacks Investment Research raised VEREIT from a “sell” rating to a “hold” rating in a research note on Saturday. Stifel Nicolaus reissued a “hold” rating on shares of VEREIT in a research note on Wednesday, November 1st. ValuEngine raised VEREIT from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Finally, BidaskClub lowered VEREIT from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $9.88.

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VEREIT (NYSE:VER) opened at $8.21 on Friday. VEREIT has a 12 month low of $7.44 and a 12 month high of $9.12. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $7,959.44, a PE ratio of 11.19 and a beta of 0.74.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.138 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.55 annualized dividend and a yield of 6.72%. VEREIT’s dividend payout ratio (DPR) is -549.95%.

Hedge funds and other institutional investors have recently modified their holdings of the business. WINTON GROUP Ltd purchased a new stake in VEREIT during the 2nd quarter worth about $100,000. Strid Group LLC purchased a new stake in VEREIT during the 2nd quarter worth about $105,000. Ffcm LLC purchased a new stake in VEREIT during the 3rd quarter worth about $111,000. Sheaff Brock Investment Advisors LLC increased its holdings in VEREIT by 26.8% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 14,033 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 2,969 shares during the period. Finally, IBM Retirement Fund increased its holdings in VEREIT by 31.3% during the 2nd quarter. IBM Retirement Fund now owns 14,253 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 3,395 shares during the period. Institutional investors own 85.03% of the company’s stock.

About VEREIT

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.

Earnings History and Estimates for VEREIT (NYSE:VER)

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