Vereit Inc. (NYSE:VER) reached a new 52-week high during trading on Tuesday . The stock traded as high as $10.35 and last traded at $10.28, with a volume of 3,707,752 shares traded. The stock had previously closed at $10.17.

Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Vereit from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Vereit in a research report on Monday, May 16th. BMO Capital Markets reiterated a “buy” rating and set a $11.00 target price on shares of Vereit in a research report on Thursday, June 16th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a $9.50 target price on shares of Vereit in a research report on Monday, March 28th. Finally, Vetr upgraded shares of Vereit from a “buy” rating to a “strong-buy” rating and set a $9.84 target price on the stock in a research report on Monday, April 4th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $9.83.

The stock’s market cap is $9.32 billion. The stock has a 50-day moving average price of $9.75 and a 200 day moving average price of $8.70.

Vereit (NYSE:VER) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm earned $369 million during the quarter, compared to analysts’ expectations of $328.93 million. Vereit’s revenue for the quarter was down 6.3% compared to the same quarter last year. Analysts forecast that Vereit Inc. will post $0.77 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a $0.1375 dividend. This represents a $0.55 annualized dividend and a dividend yield of 5.33%. The ex-dividend date is Tuesday, June 28th.

In related news, insider Thomas W. Roberts sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $9.82, for a total value of $982,000.00. Following the transaction, the insider now directly owns 471,561 shares in the company, valued at $4,630,729.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Several hedge funds and institutional investors recently bought and sold shares of VER. Janus Capital Management boosted its position in Vereit by 7.4% in the third quarter. Janus Capital Management now owns 378,719 shares of the company’s stock valued at $2,924,000 after buying an additional 26,000 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Vereit by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 1,121,806 shares of the company’s stock valued at $8,885,000 after buying an additional 2,900 shares during the period. California State Teachers Retirement System boosted its position in Vereit by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 1,730,794 shares of the company’s stock valued at $13,708,000 after buying an additional 27,354 shares during the period. American Century Companies Inc. boosted its position in Vereit by 683.6% in the fourth quarter. American Century Companies Inc. now owns 228,039 shares of the company’s stock valued at $1,806,000 after buying an additional 198,937 shares during the period. Finally, Swiss National Bank boosted its position in Vereit by 1.4% in the fourth quarter. Swiss National Bank now owns 1,637,781 shares of the company’s stock valued at $12,971,000 after buying an additional 22,600 shares during the period.

VEREIT, Inc, formerly American Realty Capital Properties, Inc, is a real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets, including approximately 4,645 properties totaling 101.8 million square feet. In addition, the Company manages real estate investments on behalf of the Cole Capital non-traded real estate investment trust (REITs).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.