Trending Stock Buzz: Vereit Inc (VER)

Cornelia Mascio
Luglio 15, 2017

In Financial sector, shares of VEREIT, Inc. Following the completion of the acquisition, the insider now directly owns 37,486 shares in the company, valued at approximately $292,765.66.

In terms of VEREIT, Inc. GSA Capital Partners LLP raised its stake in shares of VEREIT by 100.9% in the fourth quarter. Share performance for the month is now at 33.57%. Dynamic Advisors Solutions LLC increased its position in shares of VEREIT by 0.9% in the second quarter. The stock exchanged hands 6.5 Million shares versus average trading capacity of 10.5 Million shares. Finally, Dimensional Fund Advisors LP raised its stake in VEREIT by 4.7% in the first quarter. Glenview Capital Management LLC purchased a new stake in VEREIT during the fourth quarter valued at about $151,593,000. Finally, Creative Planning increased its position in shares of VEREIT by 9.0% in the first quarter. Comerica Bank now owns 78,276 shares of the financial services provider's stock worth $679,000 after buying an additional 32,364 shares during the last quarter. VEREIT has a 12 month low of $7.44 and a 12 month high of $11.09. The Company operates through two business segments: real estate investment (REI) segment and investment management segment, Cole Capital. The firm's 50-day moving average is $8.11 and its 200 day moving average is $8.44.

VEREIT (NYSE:VER) last released its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. VEREIT had a negative net margin of 4.77% and a negative return on equity of 0.80%. A total number of 8 analysts provided estimations over revenues. During the same period in the prior year, the business earned $0.21 EPS. VEREIT's quarterly revenue was down 5.7% on a year-over-year basis. (NYSE:VER) now have an ABR of 2.17.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a $0.1375 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.55 annualized dividend and a yield of 6.75%.

Current ratio is about 1.05.

TRADEMARK VIOLATION NOTICE: This story was first reported by Transcript Daily and is the property of of Transcript Daily. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and global copyright law.

By having an overview of the Income statement for Vereit Inc (NYSE:VER) the Revenue for the trailing twelve months is 1.43 Billion.

Several equities research analysts recently commented on the company. BMO Capital Markets set a $10.00 target price on VEREIT and gave the company a buy rating in a research note on Wednesday, March 22nd. Evercore ISI reissued an "in-line" rating and issued a $9.00 target price on shares of VEREIT in a report on Wednesday, April 26th. Zacks Investment Research downgraded shares of VEREIT from a "hold" rating to a "sell" rating in a research note on Wednesday, May 3rd. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. The stock has a consensus rating of "Hold" and an average price target of $9.80.

In other news, CEO Glenn J. Rufrano acquired 32,000 shares of the business's stock in a transaction dated Monday, May 8th. The stock sank -2.86% last month and is down -3.66 this year. (VER) have 985.13 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. The stock was purchased at an average price of $7.60 per share, with a total value of $114,000.00. Following the purchase, the chief executive officer now directly owns 1,962,657 shares in the company, valued at approximately $15,328,351.17. The disclosure for this purchase can be found here. Dynamic Advisors Solutions LLC now owns 14,574 shares of the financial services provider's stock valued at $119,000 after buying an additional 127 shares during the period. Institutional investors own 84.95% of the company's stock.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE