Vereit (NYSE:VER) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.71-0.72 for the period, compared to the Thomson Reuters consensus estimate of $0.71. Vereit also updated its FY 2018 guidance to $0.71-0.72 EPS.
A number of brokerages have commented on VER. Robert W. Baird began coverage on Vereit in a research report on Monday, October 22nd. They issued an outperform rating and a $9.00 price target for the company. ValuEngine upgraded Vereit from a sell rating to a hold rating in a research report on Friday, October 19th. JPMorgan Chase & Co. upped their price target on Vereit from $8.00 to $9.00 and gave the stock an overweight rating in a research report on Monday, September 17th. Finally, Mizuho set a $8.00 price target on Vereit and gave the stock a hold rating in a research report on Monday, August 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $8.85.
Shares of VER opened at $7.52 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 2.86 and a beta of 0.51. Vereit has a 52 week low of $6.52 and a 52 week high of $8.26.
Vereit (NYSE:VER) last issued its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The business had revenue of $289.03 million during the quarter, compared to analysts’ expectations of $291.19 million. Vereit had a negative return on equity of 0.40% and a negative net margin of 4.44%. The business’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 earnings per share. As a group, research analysts anticipate that Vereit will post 0.69 earnings per share for the current fiscal year.
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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 $14.3 billion including approximately 4,000 properties and 94.6 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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