News stories about Vereit (NYSE:VER) have trended positive this week, Alpha One Sentiment Analysis reports. The research firm, a division of Accern, ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Vereit earned a daily sentiment score of 0.31 on Alpha One’s scale. Alpha One also assigned news stories about the financial services provider an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media headlines that may have effected AlphaOne Sentiment’s scoring:
- REIT Stocks on Investors’ Radar — Annaly Capital, VEREIT, Cousins Properties, and Spirit Realty (bizjournals.com)
- Q1 2017 Earnings Forecast for Vereit Inc (VER) Issued By Capital One Financial Corp. (americanbankingnews.com)
- VEREIT Operating Partnership, L.P. — Moody’s Upgrades VEREIT’s Debt Rating to Baa3; outlook stable (finance.yahoo.com)
- Q1 2018 Earnings Estimate for Vereit Inc (VER) Issued By Capital One Financial Corp. (americanbankingnews.com)
- Vereit (VER) Given Daily News Impact Score of 0.33 (americanbankingnews.com)
A number of research firms have recently issued reports on VER. Zacks Investment Research downgraded shares of Vereit from a “hold” rating to a “sell” rating in a report on Tuesday, March 14th. JMP Securities raised shares of Vereit from a “market perform” rating to an “outperform” rating in a report on Monday, January 9th. Finally, BMO Capital Markets set a $10.00 price objective on shares of Vereit and gave the stock a “buy” rating in a report on Thursday, January 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $10.00.
Vereit (NYSE:VER) traded down 0.68% during mid-day trading on Friday, hitting $8.82. 5,366,363 shares of the stock were exchanged. Vereit has a 52 week low of $7.99 and a 52 week high of $11.09. The stock’s market capitalization is $8.59 billion. The company has a 50-day moving average of $8.59 and a 200-day moving average of $8.73.
Vereit (NYSE:VER) last announced its quarterly earnings data on Thursday, February 23rd. The financial services provider reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.18. Vereit had a negative net margin of 18.02% and a negative return on equity of 3.12%. The company earned $351.87 million during the quarter, compared to analyst estimates of $309.69 million. During the same quarter last year, the business posted $0.20 EPS. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. On average, equities analysts predict that Vereit will post $0.03 EPS for the current fiscal year.
The business also recently disclosed a dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were issued a dividend of $0.138 per share. This is a positive change from Vereit’s previous dividend of $0.08. The ex-dividend date of this dividend was Wednesday, March 29th. Vereit’s dividend payout ratio (DPR) is presently -141.02%.
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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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