Vereit Inc (VER) Downgraded to Sell at Zacks Investment Research
- Author: Zachary Reyes May 25, 2017,
May 25, 2017, 21:51
UBS Group AG now owns 10,430,816 shares of the financial services provider's stock worth $108,168,000 after buying an additional 3,990,095 shares during the period. Creative Planning's holdings in Vereit were worth $110,000 at the end of the most recent quarter.
A number of institutional investors have recently added to or reduced their stakes in the company. Finally, Creative Planning raised its position in Vereit by 9.0% in the first quarter. In the last quarter, insiders acquired 91,725 shares of company stock worth $706,509. Norges Bank acquired a new position in Vereit during the fourth quarter worth about $78,130,000. Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Vereit by 13.0% in the third 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. Finally, Dimensional Fund Advisors LP raised its position in shares of Vereit by 4.7% in the first quarter.
VEREIT Inc. (VER) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 28.3 P/E and the sector P/E is 30.61. Stock's weekly performance expressed up trend of 7.34%. (NYSE:VER)'s stock about -10.29% from the 50-day high and 7.80% away from the 50-day low. The company's market cap is $7.56 Billion, and the average volume is 7.26 Million. The 20-day may be of analytical benefit to a shorter-term trader since it follows the price more closely, and therefore produces less "lag" than the longer-term moving average.
Vereit (NYSE:VER) last issued its earnings results on Thursday, May 4th.
On 3/30/2017 Ambev S.A. (ABEV) reported its EPS in the last quarter as $0.05/Share lagging the analyst estimate of $0.06/Share by the difference of $-0.01. For the current year the company's revenue estimates are $1.25 Billion compared to low analyst estimates of $1.18 Billion and high estimates of $1.38 Billion according to 7 number of analysts. Vereit had a negative net margin of 18.02% and a negative return on equity of 3.12%. During the same period in the previous year, the company earned $0.21 EPS. Shareholders of record on Friday, June 30th will be paid a $0.1375 dividend.
It has a dividend yield of 6.84%. The ex-dividend date of this dividend is Wednesday, June 28th. Vereit's dividend payout ratio (DPR) is -141.02%. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & global trademark & copyright legislation. VEREIT, Inc., formerly known as American Realty Capital Properties Inc., is based in Phoenix, United States.
Several research firms have recently issued reports on VER.
VEREIT, Inc. (VER) stock price fell -16.92 percent over the past one year, while decreased -6.05 percent during the past 6 months. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. Evercore ISI reiterated an "in-line" rating and set a $9.00 price objective on shares of Vereit in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock.
In other news, insider William Craig Jr.
In other news, insider Hugh R. Frater bought 10,000 shares of the stock in a transaction that occurred on Friday, May 5th. After this purchase, 70,828 common shares of VER are directly owned by the insider, with total stake valued at $569,457. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Glenn J. Rufrano purchased 32,000 shares of the stock in a transaction on Monday, May 8th. The day's total volume of 1046758 this morning is in contrast from the three-month daily average of 41.68K.
Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. The disclosure for this purchase can be found here.
VEREIT, Inc is a full-service real estate operating company.