VEREIT Inc. (NYSE:VER) – Equities researchers at Capital One Financial Corporation reduced their FY2017 earnings per share (EPS) estimates for shares of VEREIT in a note issued to investors on Thursday. Capital One Financial Corporation analyst C. Lucas now expects that the financial services provider will earn $0.70 per share for the year, down from their prior estimate of $0.73.

Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of VEREIT from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub raised shares of VEREIT from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Finally, ValuEngine raised shares of VEREIT from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. VEREIT currently has a consensus rating of “Hold” and an average target price of $9.88.

COPYRIGHT VIOLATION WARNING: “FY2017 Earnings Estimate for VEREIT Inc. (VER) Issued By Capital One Financial Corporation” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://www.watchlistnews.com/fy2017-earnings-estimate-for-vereit-inc-ver-issued-by-capital-one-financial-corporation/1633438.html.

VEREIT (NYSE VER) opened at 8.41 on Monday. VEREIT has a 12 month low of $7.44 and a 12 month high of $9.81. The firm’s 50 day moving average is $8.47 and its 200-day moving average is $8.35. The firm’s market cap is $8.19 billion.

VEREIT (NYSE:VER) last announced its 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 return on equity of 0.44% and a negative net margin of 2.72%. The business had revenue of $336.90 million for the quarter, compared to analyst estimates of $296.02 million. During the same quarter in the previous year, the company earned $0.19 EPS. The business’s revenue for the quarter was down 9.2% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a dividend of $0.138 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.55 annualized dividend and a yield of 6.56%. This is a boost from VEREIT’s previous quarterly dividend of $0.14. VEREIT’s payout ratio is currently -499.95%.

A number of large investors have recently modified their holdings of VER. Bank of Montreal Can grew its stake in VEREIT by 1,232.3% during the second quarter. Bank of Montreal Can now owns 9,388,340 shares of the financial services provider’s stock valued at $76,422,000 after acquiring an additional 8,683,687 shares in the last quarter. Park West Asset Management LLC purchased a new position in VEREIT during the first quarter valued at approximately $24,197,000. Cbre Clarion Securities LLC grew its stake in VEREIT by 5.4% during the second quarter. Cbre Clarion Securities LLC now owns 38,947,554 shares of the financial services provider’s stock valued at $317,033,000 after acquiring an additional 2,004,074 shares in the last quarter. Fosun International Ltd purchased a new position in VEREIT during the second quarter valued at approximately $15,622,000. Finally, Prudential Financial Inc. grew its stake in VEREIT by 22.8% during the second quarter. Prudential Financial Inc. now owns 9,987,986 shares of the financial services provider’s stock valued at $81,303,000 after acquiring an additional 1,855,265 shares in the last quarter. 85.99% of the stock is owned by institutional investors.

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.

Earnings History and Estimates for VEREIT (NYSE:VER)

Receive News & Ratings for VEREIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VEREIT Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.