News articles about VEREIT (NYSE:VER) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. VEREIT earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.8225039686838 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
VER has been the topic of a number of analyst reports. ValuEngine downgraded shares of VEREIT from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research downgraded shares of VEREIT from a “hold” rating to a “sell” rating in a research report on Saturday, January 13th. JMP Securities cut their price target on shares of VEREIT from $9.50 to $9.00 and set a “market outperform” rating on the stock in a research report on Friday, February 23rd. Finally, Mizuho reiterated a “hold” rating and issued a $7.00 price target on shares of VEREIT in a research report on Friday, March 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. VEREIT presently has an average rating of “Hold” and an average price target of $8.56.
NYSE VER traded down $0.09 during trading hours on Friday, reaching $6.85. 8,735,113 shares of the company’s stock were exchanged, compared to its average volume of 7,511,185. VEREIT has a one year low of $6.62 and a one year high of $8.94. 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 cap of $6,673.94, a price-to-earnings ratio of 9.79 and a beta of 0.56.
VEREIT (NYSE:VER) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. VEREIT had a return on equity of 0.75% and a net margin of 2.38%. The business had revenue of $316.60 million during the quarter, compared to analysts’ expectations of $284.78 million. During the same period in the prior year, the business earned $0.18 EPS. VEREIT’s revenue for the quarter was down 3.3% compared to the same quarter last year. analysts predict that VEREIT will post 0.7 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a dividend of $0.138 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.55 dividend on an annualized basis and a yield of 8.06%. VEREIT’s payout ratio is 78.57%.
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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 a total asset book value of $14.7 billion including approximately 4,100 properties and 94.4 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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