Janus Capital Management LLC raised its position in VEREIT by 69.3% in the fourth quarter. Finally, Creative Planning boosted its position in shares of VEREIT by 9.0% in the first quarter. Creative Planning now owns 13,009 shares of the financial services provider's stock worth $110,000 after buying an additional 1,069 shares during the period. V Wealth Management LLC now owns 14,017 shares of the financial services provider's stock valued at $119,000 after buying an additional 578 shares in the last quarter. Finally, Dynamic Advisors Solutions LLC increased its position in shares of VEREIT by 1.2% in the first quarter. Teachers Advisors LLC now owns 1,282,304 shares of the financial services provider's stock valued at $10,848,000 after buying an additional 23,743 shares during the last quarter. Institutional investors and hedge funds own 84.95% of the company's stock.
Now have a look at past performance (weekly performance to year to date performance) how VEREIT, Inc. (NYSE VER) traded up 2.45% during midday trading on Wednesday, hitting $8.27. The company rocked its 52-Week High of $11.09 and touched its 52-Week Low of $7.44. The company's market cap is $8.05 billion. The stock is trading $8.09 its 50-day moving average by 0.11%. The stock of Vereit Inc (NYSE:VER) earned "Neutral" rating by JP Morgan on Friday, November 6. The financial services provider reported $0.19 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.18 by $0.01.
Analysts are also projecting an Average Revenue Estimate for VEREIT, Inc.as $310090 in the Current Quarter.
The stock has Return on Assets (ROA) of 0 percent. The company's past year sales total was 311350. While in the same Quarter Previous year, the Actual EPS was $-0.01. Equities analysts expect that VEREIT will post ($1.70) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a $0.1375 dividend. This represents a $0.55 annualized dividend and a yield of 6.76%. Seekingalpha.com's news article titled: "Trials And Tribulations For VEREIT" with publication date: June 21, 2017 was also an interesting one. VEREIT's dividend payout ratio (DPR) is presently -366.67%.
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A number of equities research analysts have recently weighed in on VER shares. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Evercore ISI raised VEREIT to an "outperform" rating and set a $9.00 price target for the company in a research note on Monday, May 15th.
VEREIT, Inc. (VER) has 985.13 Million shares outstanding and 973.26 Million shares were floated in market. BidaskClub cut shares of VEREIT from a "hold" rating to a "sell" rating in a research note on Saturday, June 24th.
Among 7 analysts covering VEREIT Inc (NYSE:VER), 3 have Buy rating, 0 Sell and 4 Hold.
In related news, insider Hugh R. Frater bought 10,000 shares of the stock in a transaction dated Friday, May 5th. The shares were acquired at an average price of $7.81 per share, for a total transaction of $249,920.00. Following the completion of the transaction, the chief executive officer now directly owns 1,962,657 shares of the company's stock, valued at $15,328,351.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The shares were acquired at an average cost of $7.51 per share, for a total transaction of $52,570.00. Prudential Financial Inc. now owns 8,132,721 shares of the financial services provider's stock valued at $69,047,000 after buying an additional 1,641,256 shares during the period. The disclosure for this purchase can be found here. Insiders bought a total of 91,725 shares of company stock valued at $706,509 over the last quarter. Following the completion of the purchase, the insider now directly owns 37,486 shares of the company's stock, valued at $292,765.66.
VEREIT, Inc is a full-service real estate operating company.
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