Vereit (VER) Stock Rating Upgraded by Zacks Investment Research

Cornelia Mascio
Febbraio 25, 2018

Dimensional Fund Advisors LP now owns 13,942,160 shares of the financial services provider's stock worth $115,581,000 after acquiring an additional 375,844 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Shares are trading price at $6.81 with move of 1.04%. Cubist Systematic Strategies LLC lifted its holdings in shares of Vereit by 74.2% in the 2nd quarter. HighTower Advisors LLC now owns 32,865 shares of the financial services provider's stock valued at $267,000 after purchasing an additional 1,795 shares in the last quarter. Ltd. grew its position in shares of Vereit by 2.5% during the third quarter. WINTON GROUP Ltd grew its position in shares of Vereit by 49.8% during the third quarter.

VEREIT, Inc. (NYSE:VER) yearly performance is -24.01% and net profit margin is -9.00%. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market capitalization of $6.64 Billion however its outstanding shares are 985.36 Million. Vereit Inc has a 12-month low of $6.62 and a 12-month high of $9.12.

Vereit (NYSE:VER) last released its quarterly earnings data on Thursday, February 22nd. The Return on Investment and Return on Equity (ROE) values are 3.9 percent and 6.7 percent, respectively. The company had revenue of $316.60 million for the quarter, compared to the consensus estimate of $284.78 million. Annual EPS Growth of past 5 years is -0.50%.

Analysts are expecting average earnings estimates of $0 for the current quarter based on the opinion of 0 analysts, relating to high earnings per share estimates of $0 and low estimates of $0, however Vereit Inc (NYSE:VER) reported $0.04 earnings per share for the same quarter a year ago.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 8.01%. The ex-dividend date of this dividend is Wednesday, March 28th. Vereit's dividend payout ratio (DPR) is presently -2,750.00%. Stifel Nicolaus reissued a "hold" rating on shares of Vereit in a research report on Wednesday, November 1st. During the same quarter in the previous year, the company posted $0.18 earnings per share. Finally, ValuEngine downgraded Vereit from a buy rating to a hold rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Vereit Inc (NYSE:VER)'s price sits -8.2% off from its 50-day moving average of $7.22 and -15.14% away from the stock's 200-day moving average which is $7.96.

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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. Hedge funds and other institutional investors own 88.33% of the company's stock.

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