VEREIT Inc. (VER) Receives Hold Rating from Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of VEREIT Inc. (NYSE:VER) in a research report report published on Wednesday morning.

VER has been the subject of a number of other research reports. Zacks Investment Research raised shares of VEREIT from a hold rating to a buy rating and set a $9.50 price target for the company in a research report on Wednesday, July 19th. BidaskClub downgraded shares of VEREIT from a hold rating to a sell rating in a research report on Friday, July 28th. Finally, ValuEngine raised shares of VEREIT from a hold rating to a buy rating in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. VEREIT has an average rating of Hold and an average price target of $9.88.

VEREIT (NYSE:VER) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $336.90 million for the quarter, compared to analyst estimates of $296.02 million. During the same period in the previous year, the business posted $0.19 EPS. The firm’s quarterly revenue was down 9.2% compared to the same quarter last year.

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A number of institutional investors and hedge funds have recently made changes to their positions in VER. WINTON GROUP Ltd bought a new position in VEREIT during the second quarter worth $100,000. Strid Group LLC bought a new position in VEREIT during the second quarter worth $105,000. Sheaff Brock Investment Advisors LLC lifted its stake in VEREIT by 26.8% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,033 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 2,969 shares during the last quarter. IBM Retirement Fund lifted its stake in VEREIT by 31.3% during the second quarter. IBM Retirement Fund now owns 14,253 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 3,395 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new position in VEREIT during the third quarter worth $117,000. Hedge funds and other institutional investors own 85.81% of the company’s stock.

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.

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