FY2018 EPS Estimates for VEREIT Inc. (VER) Cut by Capital One Financial Corporation

VEREIT Inc. (NYSE:VER) – Equities researchers at Capital One Financial Corporation decreased their FY2018 earnings per share (EPS) estimates for shares of VEREIT in a note issued to investors on Thursday. Capital One Financial Corporation analyst C. Lucas now anticipates that the financial services provider will earn $0.75 per share for the year, down from their previous estimate of $0.77.

Several other research firms have also recently issued reports on VER. Zacks Investment Research cut shares of VEREIT from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. ValuEngine upgraded shares of VEREIT from a “hold” rating to a “buy” rating in a research report on Friday. Finally, BidaskClub upgraded shares of VEREIT from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $9.80.

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Shares of VEREIT (VER) traded up 0.48% on Monday, reaching $8.39. 4,624,664 shares of the company’s stock traded hands. VEREIT has a one year low of $7.44 and a one year high of $9.81. The firm’s market cap is $8.17 billion. The company’s 50-day moving average price is $8.50 and its 200 day moving average price is $8.36.

VEREIT (NYSE:VER) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.16). VEREIT had a negative net margin of 2.72% and a negative return on equity of 0.44%. The firm had revenue of $336.90 million for the quarter, compared to analyst estimates of $296.02 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The firm’s revenue for the quarter was down 9.2% on a year-over-year basis.

A number of large investors have recently modified their holdings of VER. Dynamic Advisors Solutions LLC grew its holdings in VEREIT by 0.9% in the 2nd quarter. Dynamic Advisors Solutions LLC now owns 14,574 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 127 shares during the last quarter. World Asset Management Inc grew its holdings in VEREIT by 0.4% in the 2nd quarter. World Asset Management Inc now owns 49,401 shares of the financial services provider’s stock worth $402,000 after acquiring an additional 196 shares during the last quarter. Pacer Advisors Inc. grew its holdings in VEREIT by 3.4% in the 1st quarter. Pacer Advisors Inc. now owns 15,881 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 529 shares during the last quarter. IFP Advisors Inc grew its holdings in VEREIT by 0.4% in the 2nd quarter. IFP Advisors Inc now owns 167,829 shares of the financial services provider’s stock worth $1,366,000 after acquiring an additional 657 shares during the last quarter. Finally, NEXT Financial Group Inc grew its holdings in VEREIT by 5.7% in the 2nd quarter. NEXT Financial Group Inc now owns 18,550 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 85.99% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date is Thursday, September 28th. This is a boost from VEREIT’s previous quarterly dividend of $0.14. VEREIT’s dividend payout ratio (DPR) is presently -499.95%.

VEREIT Company Profile

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.

Earnings History and Estimates for VEREIT (NYSE:VER)

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