VEREIT Inc. (NYSE:VER) has been assigned a consensus rating of “Hold” from the nine brokerages that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $10.00.

A number of research firms recently commented on VER. Zacks Investment Research downgraded shares of VEREIT from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. ValuEngine upgraded shares of VEREIT from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Finally, BidaskClub downgraded shares of VEREIT from a “hold” rating to a “sell” rating in a report on Friday, July 28th.

Shares of VEREIT (NYSE VER) traded down 0.62% on Friday, hitting $8.06. 16,101,213 shares of the stock were exchanged. The company’s market cap is $7.85 billion. The firm’s 50-day moving average is $8.44 and its 200-day moving average is $8.35. VEREIT has a one year low of $7.44 and a one year high of $9.78.

VEREIT (NYSE:VER) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $296.02 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. On average, equities analysts forecast that VEREIT will post ($1.70) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were issued a dividend of $0.138 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.85%. This is a positive change from VEREIT’s previous quarterly dividend of $0.14. VEREIT’s payout ratio is currently -499.95%.

Several hedge funds have recently added to or reduced their stakes in VER. WINTON GROUP Ltd acquired a new stake in shares of VEREIT during the second quarter valued at approximately $100,000. Strid Group LLC acquired a new stake in shares of VEREIT during the second quarter valued at approximately $105,000. Sheaff Brock Investment Advisors LLC raised its holdings in shares of VEREIT by 26.8% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,033 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 2,969 shares during the period. IBM Retirement Fund raised its holdings in shares of VEREIT by 31.3% during the second quarter. IBM Retirement Fund now owns 14,253 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 3,395 shares during the period. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of VEREIT during the third quarter valued at approximately $117,000. Institutional investors and hedge funds own 85.99% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “VEREIT Inc. (VER) Given Consensus Rating of “Hold” by Analysts” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/vereit-inc-ver-given-consensus-rating-of-hold-by-analysts/1644407.html.

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.

Analyst Recommendations 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.