Vereit Inc. (VER) Stock Price Down 1.4%
Shares of Vereit Inc. (NYSE:VER) traded down 1.4% during trading on Monday . The company traded as low as $10.41 and last traded at $10.44, with a volume of 9,876,893 shares traded. The stock had previously closed at $10.59.
VER has been the topic of several research analyst reports. Zacks Investment Research cut Vereit from a “hold” rating to a “sell” rating in a report on Tuesday, May 3rd. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Vereit in a research note on Monday, May 16th. BMO Capital Markets restated a “buy” rating and issued a $11.00 price objective on shares of Vereit in a research note on Monday, May 16th. 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 analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Vereit presently has an average rating of “Buy” and a consensus target price of $9.83.
The stock’s market capitalization is $9.44 billion. The firm’s 50-day moving average price is $10.47 and its 200 day moving average price is $9.27.
Vereit (NYSE:VER) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The company had revenue of $371 million for the quarter, compared to analyst estimates of $323.34 million. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. Equities research analysts forecast that Vereit Inc. will post $0.77 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.1375 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.55 annualized dividend and a dividend yield of 5.27%.
In related news, insider Thomas W. Roberts sold 100,000 shares of the business’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $9.82, for a total transaction of $982,000.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website.
A number of hedge funds and institutional investors have bought and sold shares of the stock. Andra AP fonden increased its position in Vereit by 43.6% in the fourth quarter. Andra AP fonden now owns 198,400 shares of the company’s stock worth $1,571,000 after buying an additional 60,200 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of Vereit by 4.3% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 233,664 shares of the company’s stock worth $1,851,000 after buying an additional 9,579 shares during the period. Employees Retirement System of Texas purchased a new position in shares of Vereit during the fourth quarter worth $2,178,000. Marshall Wace LLP purchased a new position in shares of Vereit during the fourth quarter worth $3,838,000. Finally, BlackRock Advisors LLC increased its position in shares of Vereit by 25.0% in the fourth quarter. BlackRock Advisors LLC now owns 3,450,257 shares of the company’s stock worth $27,326,000 after buying an additional 688,970 shares during the period.