Vereit (NYSE:VER) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday, ValuEngine reports.

Several other research analysts have also recently commented on the stock. Bank of America boosted their price target on shares of Armstrong World Industries from $95.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Saturday, July 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $9.30.

Shares of VER stock traded down $0.17 during trading on Friday, reaching $8.82. The company’s stock had a trading volume of 9,170,182 shares, compared to its average volume of 8,822,428. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.81. The firm has a market cap of $8.73 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 1.16 and a beta of 0.53. The company has a 50-day simple moving average of $9.16. Vereit has a 1-year low of $6.88 and a 1-year high of $9.72.

Vereit (NYSE:VER) last announced its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $316.84 million during the quarter, compared to analysts’ expectations of $307.92 million. Vereit had a negative net margin of 3.83% and a negative return on equity of 0.65%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 earnings per share. Sell-side analysts anticipate that Vereit will post 0.69 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the stock. Investors Research Corp purchased a new position in Vereit during the 1st quarter worth $25,000. Bessemer Group Inc. grew its stake in shares of Vereit by 47.8% during the 4th quarter. Bessemer Group Inc. now owns 4,174 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 1,349 shares during the period. Spirit of America Management Corp NY acquired a new position in shares of Vereit during the 1st quarter worth $42,000. Cullen Frost Bankers Inc. acquired a new position in shares of Vereit during the 1st quarter worth $50,000. Finally, Zions Bancorporation N.A. grew its stake in shares of Vereit by 39.1% during the 1st quarter. Zions Bancorporation N.A. now owns 10,378 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 2,918 shares during the period. Hedge funds and other institutional investors own 91.40% of the company’s stock.

Vereit Company Profile

VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has total real estate investments of $15.6 billion including approximately 4,000 properties and 94.7 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.

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