Vereit Inc (NYSE:VER) – Capital One Financial issued their Q1 2020 earnings estimates for shares of Vereit in a research note issued on Tuesday, March 12th. Capital One Financial analyst C. Lucas anticipates that the financial services provider will post earnings of $0.18 per share for the quarter. Capital One Financial also issued estimates for Vereit’s Q2 2020 earnings at $0.18 EPS, Q3 2020 earnings at $0.18 EPS, Q4 2020 earnings at $0.18 EPS, FY2020 earnings at $0.72 EPS and FY2021 earnings at $0.75 EPS.
Vereit (NYSE:VER) last released its quarterly earnings data on Thursday, February 21st. The financial services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.16). Vereit had a negative return on equity of 1.18% and a negative net margin of 6.82%. The company had revenue of $313.26 million for the quarter, compared to analyst estimates of $288.89 million. During the same period in the previous year, the business posted $0.18 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year.
VER has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Vereit from a “sell” rating to a “hold” rating in a research report on Saturday, February 9th. ValuEngine downgraded Vereit from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Robert W. Baird downgraded Vereit from an “outperform” rating to a “neutral” rating and set a $9.00 target price for the company. in a report on Monday, February 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $8.63.
Shares of VER opened at $8.27 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $8.04 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.12 and a beta of 0.67. Vereit has a 12-month low of $6.52 and a 12-month high of $8.38.
Several large investors have recently modified their holdings of the company. Capital Investment Advisory Services LLC boosted its stake in shares of Vereit by 7.2% during the 4th quarter. Capital Investment Advisory Services LLC now owns 18,818 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 1,262 shares during the period. Bessemer Group Inc. grew its position in 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 last quarter. HRT Financial LLC grew its position in Vereit by 10.9% during the 4th quarter. HRT Financial LLC now owns 22,769 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 2,237 shares during the last quarter. Quadrant Capital Group LLC grew its position in Vereit by 26.1% during the 4th quarter. Quadrant Capital Group LLC now owns 12,026 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 2,490 shares during the last quarter. Finally, Wedbush Securities Inc. grew its position in Vereit by 3.8% during the 4th quarter. Wedbush Securities Inc. now owns 71,500 shares of the financial services provider’s stock worth $511,000 after purchasing an additional 2,600 shares during the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.138 per share. The ex-dividend date is Thursday, March 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.67%. This is a boost from Vereit’s previous quarterly dividend of $0.14. Vereit’s payout ratio is presently 76.39%.
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 $14.1 billion including approximately 4,000 properties and 93.9 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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