VEREIT (VER) Receiving Somewhat Positive Media Coverage, Study Shows
News articles about VEREIT (NYSE:VER) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. VEREIT earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.8053340744529 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Sector Investor’s Alert – VEREIT, Inc. (NYSE:VER) – The Stock Street (press release) (thestreetpoint.com)
- Sector Active Movers- VEREIT, Inc. (NYSE:VER), Charter Communications, Inc. (NASDAQ:CHTR) – The Stock Street (press release) (thestreetpoint.com)
- Enthralling Stocks: VEREIT, Inc., (NYSE: VER), Monsanto Company, (NYSE: MON), BRF SA, (NYSE: BRFS), American … – Stocks In The News (press release) (tradingnewsnow.com)
- Iredell real estate transactions: Oct. 22-28 (statesville.com)
- Head to Head Review: VEREIT (VER) & The Competition (americanbankingnews.com)
Several equities research analysts have issued reports on the company. BidaskClub raised VEREIT from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded VEREIT from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Stifel Nicolaus reissued a “hold” rating on shares of VEREIT in a report on Wednesday. Finally, ValuEngine raised VEREIT from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. VEREIT currently has a consensus rating of “Hold” and a consensus price target of $9.88.
Shares of VEREIT (VER) opened at $7.92 on Friday. VEREIT has a twelve month low of $7.44 and a twelve month high of $9.17. 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 firm has a market capitalization of $7,716.05, a price-to-earnings ratio of 10.70 and a beta of 0.74.
VEREIT (NYSE:VER) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.02 earnings per share 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 firm had revenue of $336.90 million for the quarter, compared to analyst estimates of $296.02 million. During the same period in the prior year, the business posted $0.19 EPS. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year. research analysts forecast that VEREIT will post 0.7 EPS for the current fiscal year.
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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