News coverage about VEREIT (NYSE:VER) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. VEREIT earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.6782067250115 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern’s scoring:
A number of analysts have recently weighed in on VER shares. ValuEngine downgraded shares of VEREIT from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Mizuho restated a “hold” rating and issued a $7.00 target price on shares of VEREIT in a report on Friday, March 2nd. JMP Securities reduced their target price on shares of VEREIT from $9.50 to $9.00 and set a “market outperform” rating on the stock in a report on Friday, February 23rd. Finally, Zacks Investment Research upgraded shares of VEREIT from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. VEREIT currently has a consensus rating of “Hold” and a consensus target price of $8.42.
VEREIT opened at $6.88 on Friday, MarketBeat Ratings reports. VEREIT has a twelve month low of $7.01 and a twelve month high of $7.08. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $6.77 billion, a PE ratio of 9.83 and a beta of 0.54.
VEREIT (NYSE:VER) last posted its earnings results on Friday, May 4th. The financial services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.17). VEREIT had a return on equity of 0.94% and a net margin of 3.78%. The business had revenue of $290.60 million during the quarter, compared to the consensus estimate of $299.80 million. During the same quarter last year, the firm earned $0.19 earnings per share. The business’s quarterly revenue was down 1.2% on a year-over-year basis. equities analysts forecast that VEREIT will post 0.69 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be issued a $0.138 dividend. The ex-dividend date is Thursday, June 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 8.02%. VEREIT’s dividend payout ratio (DPR) is presently 78.57%.
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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