VEREIT (VER) Getting Somewhat Positive Press Coverage, Study Finds

Headlines about VEREIT (NYSE:VER) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. VEREIT earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 46.3799394322234 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

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A number of research analysts have recently weighed in on VER shares. Zacks Investment Research downgraded shares of VEREIT from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. ValuEngine downgraded shares of VEREIT from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Mizuho restated a “hold” rating and set a $7.00 price objective on shares of VEREIT in a report on Friday, March 2nd. Finally, JMP Securities decreased their target price on shares of VEREIT from $9.50 to $9.00 and set a “market outperform” rating on the stock in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $8.56.

Shares of VER stock traded up $0.15 during trading hours on Monday, reaching $6.82. 6,356,650 shares of the company were exchanged, compared to its average volume of 9,177,871. VEREIT has a fifty-two week low of $6.62 and a fifty-two week high of $8.94. The firm has a market capitalization of $6,498.57, a price-to-earnings ratio of 9.74 and a beta of 0.56. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.63.

VEREIT (NYSE:VER) last posted its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. VEREIT had a net margin of 2.38% and a return on equity of 0.75%. The business had revenue of $316.60 million during the quarter, compared to the consensus estimate of $284.78 million. During the same period in the previous year, the firm posted $0.18 earnings per share. VEREIT’s revenue for the quarter was down 3.3% compared to the same quarter last year. equities research analysts forecast that VEREIT will post 0.7 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a $0.138 dividend. This represents a $0.55 annualized dividend and a yield of 8.09%. The ex-dividend date is Wednesday, March 28th. VEREIT’s payout ratio is presently 78.57%.

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VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has a total asset book value of $14.7 billion including approximately 4,100 properties and 94.4 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.

Insider Buying and Selling by Quarter for VEREIT (NYSE:VER)

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