Stock On the Run: VEREIT, Inc. (NYSE:VER)

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VEREIT, Inc. (NYSE:VER) belonging to the Finance sector has declined -0.47% and closed its last trading session at $8.43.

The company reported its EPS on 11/02/2016. Currently, the stock has a 1 Year Price Target of $9.78.

The consensus recommendation, according to Zacks Investment research, is 2.29. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 2.5 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.67 and 2.67 respectively.

VEREIT, Inc. on 11/02/2016 reported its EPS as $0.04 with the analysts projecting the EPS of the stock as $-0.01. The company beat the analyst EPS Estimate with the difference of $0.05. This shows a surprise factor of 500%.

Many analysts have provided their estimated foresights on VEREIT, Inc. Earnings, with 2 analysts believing the company would generate an Average Estimate of $-0.01. Whereas they predicted High and Low Earnings Estimate as $0 and $-0.01 respectively. While in the same Quarter Previous year, the Actual EPS was $-0.23.

Analysts are also projecting an Average Revenue Estimate for VEREIT, Inc. as $309.69 Million in the Current Quarter. This estimate is provided by 8 analysts. The High Revenue estimate is predicted as 328.39 Million, while the Low Revenue Estimate prediction stands at 296.06 Million. The company’s last year sales total was 350.06 Million.

The Company got Upgrade by JMP Securities on 9-Jan-17 from Mkt Perform to Mkt Outperform.

Insider Trades for VEREIT, Inc. show that the latest trade was made on 29 Dec 2016 where Richardson (Julie G), the Director completed a transaction type “Buy” in which 2217 shares were traded at a price of $8.46.

Over the period of 6 months, Insider Purchases show a total of 4 transaction in which 199400 shares were traded. 1 Insider Sales transactions were made totaling 53184 shares traded.

9 analysts projected Price Targets for VEREIT, Inc.. The analysts believe that the company stock price could grow as high as $11. The Low Price target projection by analysts is $8 and the Mean Price Target is $9.78.

VEREIT, Inc. (NYSE:VER) has the market capitalization of $8.16 Billion. The company rocked its 52-Week High of $11.09 on Aug 1, 2016 and touched its 52-Week Low of $7.1 on Feb 11, 2016. The stock has Return on Assets (ROA) of -1.6 percent. Return on Equity (ROE) stands at -3.2% and Return on Investment (ROI) of 0.7 percent.

The stock is currently showing YTD performance of -0.35 Percent. The company has Beta Value of 0.63 and ATR value of 0.16. The Weekly and Monthly Volatility stands at 1.95% and 1.88%.

Company profile:

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.