VEREIT Inc/SH SH (VER) Issues Quarterly Earnings Results

VEREIT Inc/SH SH (NYSE:VER) issued its earnings results on Friday. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.27), MarketWatch Earnings reports. VEREIT Inc/SH SH had a return on equity of 0.94% and a net margin of 3.78%. The business had revenue of $315.60 million for the quarter, compared to the consensus estimate of $297.35 million. During the same quarter in the previous year, the company earned $0.18 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. VEREIT Inc/SH SH updated its FY18 guidance to $0.70-0.72 EPS.

NYSE:VER opened at $7.69 on Friday. VEREIT Inc/SH SH has a fifty-two week low of $6.52 and a fifty-two week high of $8.75. The stock has a market capitalization of $7.41 billion, a PE ratio of 10.99, a PEG ratio of 4.44 and a beta of 0.65. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.64.

VER has been the topic of several recent research reports. Evercore ISI reiterated an “in-line” rating on shares of VEREIT Inc/SH SH in a report on Friday, June 1st. Zacks Investment Research upgraded shares of VEREIT Inc/SH SH from a “sell” rating to a “hold” rating in a report on Wednesday, May 30th. Finally, ValuEngine cut shares of VEREIT Inc/SH SH from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. VEREIT Inc/SH SH currently has a consensus rating of “Hold” and an average price target of $8.42.

VEREIT Inc/SH SH Company Profile

VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has a total asset book value of $14.7 billion including approximately 4,100 properties and 94.4 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.

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Earnings History for VEREIT Inc/SH SH (NYSE:VER)

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