Shares of Vereit Inc (NYSE:VER) have earned an average rating of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $9.50.

A number of research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Vereit from a “hold” rating to a “sell” rating in a research note on Saturday, January 13th. ValuEngine lowered shares of Vereit from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Vereit in a research note on Wednesday, November 1st.

A number of institutional investors have recently modified their holdings of the business. Financial & Investment Management Group Ltd. boosted its holdings in Vereit by 19.5% in the 4th quarter. Financial & Investment Management Group Ltd. now owns 850,782 shares of the financial services provider’s stock valued at $6,628,000 after purchasing an additional 138,695 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Vereit by 66.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,527,584 shares of the financial services provider’s stock valued at $11,924,000 after purchasing an additional 608,069 shares during the period. Lourd Capital LLC bought a new stake in Vereit in the 4th quarter valued at $216,000. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in Vereit by 996.8% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 1,102,398 shares of the financial services provider’s stock valued at $8,587,000 after purchasing an additional 1,001,891 shares during the period. Finally, Strs Ohio boosted its holdings in Vereit by 2.9% in the 4th quarter. Strs Ohio now owns 1,426,387 shares of the financial services provider’s stock valued at $11,111,000 after purchasing an additional 39,846 shares during the period. 85.20% of the stock is owned by hedge funds and other institutional investors.

Vereit (VER) traded down $0.07 during trading hours on Tuesday, reaching $7.39. 1,572,239 shares of the company were exchanged, compared to its average volume of 7,514,624. Vereit has a 1-year low of $7.25 and a 1-year high of $9.12. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.60. The firm has a market cap of $7,248.26, a price-to-earnings ratio of -73.79 and a beta of 0.74.

Vereit (NYSE:VER) last posted its earnings results on Wednesday, November 8th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). Vereit had a negative net margin of 3.76% and a negative return on equity of 0.61%. equities analysts anticipate that Vereit will post 0.71 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 7.47%. The ex-dividend date of this dividend was Thursday, December 28th. Vereit’s dividend payout ratio (DPR) is presently -549.95%.

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Vereit Company Profile

VEREIT, Inc is a full-service real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. It operates through two segments: real estate investment (REI) segment and its investment management segment, Cole Capital.

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