Published: Sat, May 20, 2017
Money | By Armando Alvarado

VEREIT, Inc. (VER) Closed at $7.53

The stock notched a 12-month high of $9.81 while $11.00 target is by far the most aggressive out of analysts who are now evaluating the company, $1.19 higher than the next highest 52-week price estimate.

In terms of Buy, Sell or Hold recommendations, Vereit Inc (NYSE:VER) has an average broker recommendation of 2.17. Finally, BMO Capital Markets set a $10.00 price target on Vereit and gave the company a "buy" rating in a report on Wednesday, March 22nd. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Evercore ISI upgraded Vereit to an "outperform" rating and set a $9.00 price target for the company in a research note on Monday.

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The share of VEREIT, Inc.

Vereit (NYSE:VER) traded up 0.53% on Tuesday, hitting $7.53. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -8.83% where SMA50 and SMA200 are -10.47% and -15.31% respectively. Vereit Inc has a 52 week low of $7.44 and a 52 week high of $11.09. The relative volume of the stock is 1.25, while its market cap is $7.42 Billion. If we take a long term observation, shares have been trading at a distance of -15.31% from the 200-day moving average.

Vereit (NYSE:VER) last posted its earnings results on Thursday, May 4th. The fund owned 4,792,558 shares of the financial services provider's stock after buying an additional 205,580 shares during the period.

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Revenue for the quarter also killed consensus, coming in at $348.03M, compared to the consensus of 307.02M. The Return on Equity (ROE) value stands at 0%. This gives investors an idea of how much the security has moved in the past year and whether it is trading near the top, middle or bottom of the range. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road.

By historical standards, VEREIT, Inc. remains a cheap stock. BlackRock Inc. now owns 76,790,678 shares of the financial services provider's stock valued at $651,955,000 after buying an additional 74,483,066 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Vereit by 5.3% in the fourth quarter. Private Advisor Group LLC now owns 11,517 shares of the financial services provider's stock worth $100,000 after buying an additional 576 shares during the period. Because of these issues, institutional investors seldom invest in low-float stocks. Finally, V Wealth Management LLC increased its stake in Vereit by 4.3% in the first quarter. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Vereit during the fourth quarter worth about $110,000.

In other Vereit news, CEO Glenn J. Rufrano bought 32,000 shares of the company's stock in a transaction that occurred on Monday, May 8th. The shares were bought at an average cost of $7.81 per share, with a total value of $249,920.00. The stock, after opening at $7.56, closed at $7.49 by scoring -1.06%. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Volatility of the shares is also to be considered while making the investment decisions. The stock is trading $8.35 its 50-day moving average by 0.71%. EPS breaks down the profitability of the company on a single share basis. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 72,000 shares of company stock worth $553,920.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date is Wednesday, June 28th.

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