Monday, 25 September, 2017

Vereit Inc (VER) Lifted to Hold at Zacks Investment Research

Laurie Berry | 17 May, 2017, 20:43

Vereit earned a media sentiment score of 0.14 on Alpha One's scale.

Insider Trades for VEREIT, Inc. show that the latest trade was made on 7 May 2017 where Rufrano (Glenn J), the Chief Executive Officer completed a transaction type "Buy" in which 32000 shares were traded at a price of $7.81.

The Relative Volume of the company is 1.14 and Average Volume (3 months) is 7.14 million. The stock appeared -30.10% below its 52-week highs and is down -4.46% for the last five trades. Shares are trading 6.39% above their 50-day moving average, and 20.47% below their 200-day moving average. Additionally, VEREIT manages $7.5 billion of gross real estate investments on behalf of the Cole Capital® non-listed REITs.

VEREIT, Inc. has a 7.36B market cap and its past year revenues were 1.43B. Vereit had a negative return on equity of 3.12% and a negative net margin of 18.02%. The firm had revenue of $348.03 million for the quarter, compared to analyst estimates of $297.94 million. Its last 5-Year EPS growth stands at 9.10% with earnings growth of 7.60% yoy. Vereit's revenue was down 5.7% on a year-over-year basis.

Analysts' mean recommendation for VEREIT, Inc.

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The Flynn investigation was part of a broader probe into Russian interference in last year's presidential election. Trump is set to travel to Israel next week on his first foreign trip overseas .

The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a $0.1375 dividend. The ex-dividend date is Wednesday, June 28th.

The average numbers of shares are traded in a security per day, during the recent 3-month period. Zacks Investment Research downgraded shares of Vereit from a hold rating to a sell rating in a research report on Tuesday, March 14th.

Since the beginning of the calendar year, the stock is -9.03%. Zacks Investment Research lowered Vereit from a "buy" rating to a "sell" rating in a research report on Saturday, February 25th. The stock presently has a consensus rating of "Hold" and an average target price of $9.80.

COPYRIGHT VIOLATION NOTICE: This story was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this article on another website, it was copied illegally and republished in violation of United States and global copyright and trademark laws. The legal version of this news story can be viewed at https://www.chaffeybreeze.com/2017/05/16/vereit-inc-ver-upgraded-to-outperform-at-evercore-isi.html. Growth in EPS is an important measure of management performance because it shows how much money the company is making for it's shareholders, not only due to changes in profit, but also after all the effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition). The stock was purchased at an average cost of $7.81 per share, with a total value of $78,100.00. Institutional investors own 82.54% of the company's stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Lasalle Investment Management Securities LLC now owns 16,129,586 shares of the financial services provider's stock worth $136,940,000 after buying an additional 6,783,213 shares during the period. The Company has 52-week high of $10.73 and 52-week low of $7.44. The disclosure for this purchase can be found here. Finally, Argentus Capital Management LLC raised its position in shares of Vereit by 19.3% in the third quarter. Macquarie Group Ltd. increased its position in shares of Vereit by 40.5% in the fourth quarter. Strs Ohio boosted its position in shares of Vereit by 5.2% in the third quarter. BlackRock Inc. now owns 76,790,678 shares of the financial services provider's stock worth $651,955,000 after buying an additional 74,483,066 shares during the period. Park West Asset Management LLC purchased a new stake in shares of Vereit during the first quarter valued at $24,197,000. Its book value per share for the most recent quarter is $8.54 while its price to book ratio for the same period is 0.88, as for as the company's cash per share for the most recent quarter is $0.29, however its price to cash per share ratio for the same period is 25.72. VEREIT owns and actively manages a diversified portfolio of retail, restaurant, office and industrial real estate assets with a total asset book value of $15.4 billion including approximately 4,100 properties and 93.0 million square feet, located in 49 states, as well as Puerto Rico and Canada.

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