Vereit (NYSE:VER) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $0.70-0.72 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.70.
Several analysts have issued reports on the stock. JMP Securities cut their target price on shares of Vereit from $9.50 to $9.00 and set a market outperform rating on the stock in a research note on Friday. Zacks Investment Research raised shares of Vereit from a sell rating to a hold rating in a research note on Friday, February 2nd. ValuEngine downgraded shares of Vereit from a buy rating to a hold rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus reissued a hold rating on shares of Vereit in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $9.31.
Vereit (VER) traded up $0.03 during midday trading on Friday, hitting $6.84. 4,412,912 shares of the stock were exchanged, compared to its average volume of 10,336,972. Vereit has a 1-year low of $6.62 and a 1-year high of $9.12. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market capitalization of $6,630.00, a P/E ratio of -342.50 and a beta of 0.65.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be paid a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 8.07%. The ex-dividend date is Wednesday, March 28th. Vereit’s dividend payout ratio (DPR) is presently -2,750.00%.
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VEREIT, Inc is a full-service real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. It operates through two segments: real estate investment (REI) segment and its investment management segment, Cole Capital.
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