Mizuho initiated coverage on shares of Vereit Inc. (NYSE:VER) in a research note issued on Thursday. The firm set a “neutral” rating and a $9.50 price target on the stock. Mizuho’s price target indicates a potential downside of 2.06% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. BMO Capital Markets reiterated a “buy” rating and issued a $11.00 target price on shares of Vereit in a report on Thursday, June 16th. Zacks Investment Research upgraded Vereit from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, Capital One Financial Corp. upgraded Vereit from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 5th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Vereit presently has an average rating of “Buy” and an average target price of $9.98.
Shares of Vereit (NYSE:VER) opened at 9.70 on Thursday. The company’s market cap is $8.77 billion. The firm’s 50-day moving average is $10.10 and its 200-day moving average is $9.88. Vereit has a 1-year low of $6.68 and a 1-year high of $11.09.
Vereit (NYSE:VER) last announced its earnings results on Thursday, August 4th. The company reported $0.19 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.19. The business earned $371 million during the quarter, compared to the consensus estimate of $323.34 million. Vereit had a negative net margin of 19.21% and a negative return on equity of 3.36%. The firm’s revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.22 earnings per share. On average, equities analysts forecast that Vereit will post $0.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a $0.1375 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.55 dividend on an annualized basis and a yield of 5.67%. Vereit’s dividend payout ratio is currently -134.15%.
A number of large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its stake in shares of Vereit by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 10,366 shares of the company’s stock worth $104,000 after buying an additional 56 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of Vereit by 0.6% in the third quarter. Capstone Asset Management Co. now owns 17,642 shares of the company’s stock worth $183,000 after buying an additional 110 shares in the last quarter. Dynamic Advisors Solutions LLC raised its stake in shares of Vereit by 1.0% in the third quarter. Dynamic Advisors Solutions LLC now owns 14,131 shares of the company’s stock worth $147,000 after buying an additional 136 shares in the last quarter. V Wealth Management LLC raised its stake in shares of Vereit by 1.5% in the second quarter. V Wealth Management LLC now owns 13,300 shares of the company’s stock worth $135,000 after buying an additional 200 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Vereit by 1.5% in the second quarter. CWM LLC now owns 13,761 shares of the company’s stock worth $140,000 after buying an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 75.58% of the company’s stock.
Vereit Company Profile
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