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.
ILLEGAL ACTIVITY WARNING: “VEREIT Inc. (VER) Receives Hold Rating from Stifel Nicolaus” was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.com-unik.info/2017/11/02/vereit-inc-ver-receives-hold-rating-from-stifel-nicolaus.html.
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.
What are top analysts saying about VEREIT Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for VEREIT Inc. and related companies.