Vereit Inc (NYSE:VER) – Capital One Financial issued their Q1 2020 earnings per share estimates for Vereit in a report issued on Tuesday, March 12th. Capital One Financial analyst C. Lucas expects that the financial services provider will post earnings of $0.18 per share for the quarter. Capital One Financial also issued estimates for Vereit’s Q2 2020 earnings at $0.18 EPS, Q3 2020 earnings at $0.18 EPS, Q4 2020 earnings at $0.18 EPS, FY2020 earnings at $0.72 EPS and FY2021 earnings at $0.75 EPS.
Vereit (NYSE:VER) last posted its quarterly earnings data on Thursday, February 21st. The financial services provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.16). The company had revenue of $313.26 million for the quarter, compared to analyst estimates of $288.89 million. Vereit had a negative return on equity of 1.18% and a negative net margin of 6.82%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 earnings per share.
NYSE:VER opened at $8.27 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.78. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 11.49, a P/E/G ratio of 1.12 and a beta of 0.67. Vereit has a fifty-two week low of $6.52 and a fifty-two week high of $8.38.
A number of hedge funds have recently made changes to their positions in the business. Cohen & Steers Inc. boosted its stake in shares of Vereit by 47.7% in the fourth quarter. Cohen & Steers Inc. now owns 97,577,315 shares of the financial services provider’s stock valued at $697,678,000 after purchasing an additional 31,505,146 shares during the period. BlackRock Inc. lifted its stake in Vereit by 1.4% in the fourth quarter. BlackRock Inc. now owns 83,932,565 shares of the financial services provider’s stock worth $600,119,000 after acquiring an additional 1,157,985 shares during the last quarter. PGGM Investments lifted its stake in Vereit by 13.3% in the fourth quarter. PGGM Investments now owns 24,362,611 shares of the financial services provider’s stock worth $174,193,000 after acquiring an additional 2,860,000 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Vereit by 3.1% in the third quarter. JPMorgan Chase & Co. now owns 24,334,995 shares of the financial services provider’s stock worth $176,671,000 after acquiring an additional 734,697 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Vereit by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 15,288,838 shares of the financial services provider’s stock worth $110,994,000 after acquiring an additional 193,587 shares during the last quarter. 92.43% of the stock is owned by institutional investors.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be paid a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend is Thursday, March 28th. This is a positive change from Vereit’s previous quarterly dividend of $0.14. Vereit’s dividend payout ratio (DPR) is 76.39%.
Vereit 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 $14.1 billion including approximately 4,000 properties and 93.9 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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