Vereit Inc (NYSE:VER) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 22,144,410 shares, a decrease of 17.4% from the January 12th total of 26,794,822 shares. Based on an average daily volume of 9,759,875 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.3% of the shares of the stock are sold short.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Vereit from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. ValuEngine cut shares of Vereit from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus reaffirmed 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 given a hold rating and two have assigned a buy rating to the company. Vereit has an average rating of “Hold” and an average target price of $9.42.
Shares of Vereit (VER) opened at $6.93 on Thursday. Vereit has a 1 year low of $6.62 and a 1 year high of $9.12. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.60. The company has a market cap of $6,673.46, a PE ratio of -69.29 and a beta of 0.64.
Vereit Company Profile
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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