Vereit (NYSE:VER) had its target price cut by JMP Securities from $9.50 to $9.00 in a report published on Friday. They currently have a market outperform rating on the financial services provider’s stock.
Other equities research analysts also recently issued research reports about the company. ValuEngine downgraded Vereit from a buy rating to a hold rating in a research report on Friday, February 2nd. Zacks Investment Research raised Vereit from a sell rating to a hold rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus reissued a hold rating on shares of Vereit in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $9.31.
Shares of Vereit (VER) opened at $6.99 on Friday. Vereit has a 1 year low of $6.62 and a 1 year high of $9.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $6,810.00, a PE ratio of -349.50 and a beta of 0.65.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 7.90%. The ex-dividend date is Wednesday, March 28th. Vereit’s dividend payout ratio is presently -2,750.00%.
Several institutional investors and hedge funds have recently modified their holdings of VER. Long Pond Capital LP lifted its stake in shares of Vereit by 538.8% during the fourth quarter. Long Pond Capital LP now owns 17,691,863 shares of the financial services provider’s stock worth $137,820,000 after purchasing an additional 14,922,313 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new position in shares of Vereit during the third quarter worth about $41,057,000. Fosun International Ltd lifted its stake in shares of Vereit by 204.6% during the third quarter. Fosun International Ltd now owns 5,845,132 shares of the financial services provider’s stock worth $48,455,000 after purchasing an additional 3,925,900 shares in the last quarter. Sasco Capital Inc. CT acquired a new position in shares of Vereit during the fourth quarter worth about $27,956,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Vereit by 253.2% during the third quarter. Russell Investments Group Ltd. now owns 4,373,318 shares of the financial services provider’s stock worth $36,257,000 after purchasing an additional 3,135,055 shares in the last quarter. Institutional investors own 88.33% of the company’s stock.
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VEREIT, Inc is a full-service real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. It operates through two segments: real estate investment (REI) segment and its investment management segment, Cole Capital.
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