FY2017 Earnings Estimate for VEREIT Inc. Issued By Capital One Financial Corporation (VER)
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.
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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