Stock Mover of The Day: Can Vereit Inc’s Tomorrow Be Different? The Stock Increases Again

Stock Mover of The Day: Can Vereit Inc's Tomorrow Be Different? The Stock Increases Again

The stock of Vereit Inc (NYSE:VER) is a huge mover today! Vereit Inc (NYSE:VER) has risen 12.63% since March 9, 2016 and is uptrending. It has outperformed by 5.22% the S&P500.
The move comes after 5 months positive chart setup for the $9.14 billion company. It was reported on Oct, 12 by Barchart.com. We have $12.38 PT which if reached, will make NYSE:VER worth $2.74 billion more.

Analysts await Vereit Inc (NYSE:VER) to report earnings on November, 3. They expect $0.18 EPS, down 14.29% or $0.03 from last year’s $0.21 per share. VER’s profit will be $172.82M for 13.22 P/E if the $0.18 EPS becomes a reality. After $0.19 actual EPS 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. The stock of Vereit Inc (NYSE:VER) earned “Buy” rating by Goldman Sachs on Tuesday, September 1. The firm earned “Equal Weight” rating on Monday, December 21 by CapitalOne. On Thursday, September 17 the stock rating was initiated by DA Davidson with “Neutral”. The stock of Vereit Inc (NYSE:VER) earned “Neutral” rating by JP Morgan on Friday, November 6. On Friday, August 5 the stock rating was upgraded by Capital One to “Overweight”.

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 recent Vereit Inc (NYSE:VER) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Monogram Residential Trust, American Tower and VEREIT” on September 26, 2016. Also Prnewswire.com published the news titled: “REIT Stocks Under Review — VEREIT, Annaly Capital, Spirit Realty, and …” on October 12, 2016. Seekingalpha.com‘s news article titled: “VEREIT: This Was Bad News” with publication date: September 13, 2016 was also an interesting one.

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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