VEREIT Inc. (NYSE:VER) is scheduled to release its earnings data before the market opens on Wednesday, November 8th. Analysts expect VEREIT to post earnings of $0.50 per share for the quarter.
VEREIT (NYSE:VER) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.16). The firm had revenue of $336.90 million during the quarter, compared to analyst estimates of $296.02 million. VEREIT had a negative net margin of 2.72% and a negative return on equity of 0.44%. VEREIT’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 EPS. On average, analysts expect VEREIT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
VEREIT Inc. (NYSE:VER) opened at $7.92 on Monday. The stock has a market cap of $7,716.05, a price-to-earnings ratio of 10.70 and a beta of 0.74. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. VEREIT Inc. has a fifty-two week low of $7.44 and a fifty-two week high of $9.17.
Several research firms recently issued reports on VER. BidaskClub upgraded shares of VEREIT from a “sell” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research lowered shares of VEREIT from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Stifel Nicolaus reiterated a “hold” rating on shares of VEREIT in a report on Wednesday, November 1st. Finally, ValuEngine upgraded shares of VEREIT from a “hold” rating to a “buy” rating in a report on Friday, October 6th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.88.
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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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