The stock of Vereit Inc (NYSE:VER) is a huge mover today! The stock decreased 3.89% or $0.39 on October 5, hitting $9.64. Vereit Inc (NYSE:VER) has risen 19.98% since March 2, 2016 and is uptrending. It has outperformed by 11.72% the S&P500.
The move comes after 6 months negative chart setup for the $9.25B company. It was reported on Oct, 5 by Barchart.com. We have $9.06 PT which if reached, will make NYSE:VER worth $555.00 million less.
Analysts await Vereit Inc (NYSE:VER) to report earnings on November, 3. They expect $0.18 earnings per share, down 14.29% or $0.03 from last year’s $0.21 per share. VER’s profit will be $172.72 million for 13.39 P/E if the $0.18 EPS becomes a reality. After $0.19 actual earnings per share reported by Vereit Inc for the previous quarter, Wall Street now forecasts -5.26% negative EPS growth.
Vereit Inc (NYSE:VER) Ratings Coverage
Out of 5 analysts covering VEREIT Inc (NYSE:VER), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. VEREIT Inc has been the topic of 5 analyst reports since September 1, 2015 according to StockzIntelligence Inc. As per Friday, November 6, the company rating was upgraded by JP Morgan. DA Davidson initiated the shares of VER in a report on Thursday, September 17 with “Neutral” rating. As per Tuesday, September 1, the company rating was initiated by Goldman Sachs. The stock of Vereit Inc (NYSE:VER) has “Equal Weight” rating given on Monday, December 21 by CapitalOne. Capital One upgraded the shares of VER in a report on Friday, August 5 to “Overweight” rating.
According to Zacks Investment Research, “VEREIT, Inc. is a real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. VEREIT, Inc., formerly known as American Realty Capital Properties Inc., is based in Phoenix, United States.”
More news for Vereit Inc (NYSE:VER) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: Monogram Residential Trust, American Tower and VEREIT” on September 26, 2016. Seekingalpha.com‘s article titled: “VEREIT: This Was Bad News” and published on September 13, 2016 is yet another important article.
VER Company Profile
VEREIT, Inc., incorporated on December 2, 2010, is a full-service real estate operating company. The Firm owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets, including 4,378 properties totaling approximately 99.0 million square feet. In addition, the Company manages real estate investments on behalf of the Cole Capital.
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