Vereit Inc (NYSE:VER) shares hit a new 52-week high on Friday . The company traded as high as $8.74 and last traded at $8.74, with a volume of 27970 shares changing hands. The stock had previously closed at $8.68.

A number of brokerages have weighed in on VER. ValuEngine raised shares of Vereit from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research raised shares of Vereit from a “sell” rating to a “hold” rating in a research report on Friday, February 15th. Finally, Robert W. Baird cut shares of Vereit from an “outperform” rating to a “neutral” rating and set a $9.00 price target on the stock. in a research report on Monday, February 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Vereit currently has an average rating of “Hold” and a consensus price target of $8.63.

The stock has a market cap of $8.42 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 1.05 and a beta of 0.66. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.73 and a current ratio of 0.73.

Vereit (NYSE:VER) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $316.84 million for the quarter, compared to analysts’ expectations of $307.92 million. Vereit had a negative net margin of 3.83% and a negative return on equity of 0.65%. Vereit’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 earnings per share. As a group, research analysts predict that Vereit Inc will post 0.69 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.138 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.38%. Vereit’s dividend payout ratio is currently 76.39%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cohen & Steers Inc. raised its stake in shares of Vereit by 47.7% during the fourth quarter. Cohen & Steers Inc. now owns 97,577,315 shares of the financial services provider’s stock valued at $697,678,000 after purchasing an additional 31,505,146 shares during the period. BlackRock Inc. raised its stake in shares of Vereit by 1.5% during the first quarter. BlackRock Inc. now owns 85,218,578 shares of the financial services provider’s stock valued at $713,279,000 after purchasing an additional 1,286,013 shares during the period. FMR LLC raised its stake in shares of Vereit by 0.7% during the first quarter. FMR LLC now owns 39,146,376 shares of the financial services provider’s stock valued at $327,655,000 after purchasing an additional 284,865 shares during the period. LSV Asset Management raised its stake in shares of Vereit by 4.3% during the first quarter. LSV Asset Management now owns 25,459,794 shares of the financial services provider’s stock valued at $213,098,000 after purchasing an additional 1,058,300 shares during the period. Finally, PGGM Investments raised its stake in shares of Vereit by 13.3% during the fourth quarter. PGGM Investments now owns 24,362,611 shares of the financial services provider’s stock valued at $174,193,000 after purchasing an additional 2,860,000 shares during the period. Institutional investors own 92.71% of the company’s stock.

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Vereit Company Profile (NYSE:VER)

VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has total real estate investments of $15.6 billion including approximately 4,000 properties and 94.7 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.

Further Reading: Cost of Capital

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