Brokerages Set Vereit Inc (VER) Price Target at $9.50

Vereit Inc (NYSE:VER) has earned an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $9.50.

Several research firms recently issued reports on VER. Zacks Investment Research raised Vereit from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. ValuEngine downgraded Vereit from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Vereit in a research report on Wednesday, November 1st.

Vereit (NYSE VER) traded down $0.05 during midday trading on Friday, hitting $6.95. The company had a trading volume of 3,541,393 shares, compared to its average volume of 10,279,117. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.37. Vereit has a 52-week low of $6.62 and a 52-week high of $9.12. The firm has a market cap of $6,819.60, a P/E ratio of -69.99 and a beta of 0.64.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. WealthPLAN Partners LLC grew its position in Vereit by 472.6% during the 4th quarter. WealthPLAN Partners LLC now owns 131,323 shares of the financial services provider’s stock worth $1,023,000 after purchasing an additional 108,387 shares during the period. Jump Trading LLC acquired a new stake in Vereit during the 4th quarter worth about $110,000. Financial Advocates Investment Management acquired a new stake in Vereit during the 4th quarter worth about $255,000. LPL Financial LLC grew its position in Vereit by 120.9% during the 4th quarter. LPL Financial LLC now owns 883,589 shares of the financial services provider’s stock worth $6,883,000 after purchasing an additional 483,566 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. grew its position in Vereit by 14.9% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 1,620,345 shares of the financial services provider’s stock worth $12,621,000 after purchasing an additional 210,015 shares during the period. 88.33% of the stock is currently owned by institutional investors.

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About Vereit

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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