VEREIT Inc. (VER) Position Boosted by Baird Financial Group Inc
- Author: Zachary Reyes Jun 16, 2017,
Jun 16, 2017, 13:21
Miller purchased 12,725 shares of VEREIT stock in a transaction that occurred on Monday, May 22nd. The shares were acquired at an average price of $7.86 per share, for a total transaction of $100,018.50.
VEREIT, Inc. (VER) traded with the volume of 19.84 Million shares while its average 3 months volume is at 8840 shares. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
US based company, VEREIT, Inc. From the opening price, the stock has seen a change of -0.24% recently clocking in with a price of $8.29.
Vereit Inc (NYSE:VER)'s revenue estimates for the current quarter are $310.75 Million according to 8 number of analysts, for the current quarter the company has high revenue estimates of $339.92 Million in contradiction of low revenue estimates of $292.53 Million.
Market Capitalization can be thought of as the overall price to buy the company. The share price has moved forward from its 20 days moving average 4.03% and positively from its 50 days moving average 1.00%.
Taking a broader look brokerage firms' analysts on the street with an expectant view have Vereit Inc (NYSE:VER) high price target of $11 and with a conservative view have low price target of $8.
Vereit (NYSE:VER) last released its earnings results on Thursday, May 4th. For the quarter, shares have been noted at 0.36%.
EPS in next five year years is expected to touch 5.00% while EPS growth in past 5 year was 22.70% along with sales growth of 225.70% in the last five years. On average, equities analysts anticipate that VEREIT Inc. will post ($0.02) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be given a dividend of $0.1375 per share. The ex-dividend date is Wednesday, June 28th.
Annual Dividend Yield of VEREIT, Inc. VEREIT's dividend payout ratio (DPR) is now -366.67%. "(VER)" was first reported by BBNS and is the sole property of of BBNS. If you are viewing this article on another website, it was stolen and republished in violation of USA & global copyright and trademark legislation. The original version of this story can be accessed at https://www.chaffeybreeze.com/2017/06/12/vereit-inc-ver-stake-raised-by-baird-financial-group-inc-updated-updated.html. 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. Finally, BMO Capital Markets set a $10.00 price target on shares of Vereit and gave the company a "buy" rating in a report on Wednesday, March 22nd.
Evercore ISI began new coverage on VEREIT Inc. giving the company a "in-line" rating. Zacks Investment Research cut shares of VEREIT from a "hold" rating to a "sell" rating in a research note on Tuesday, March 14th. The company has an average rating of "Hold" and a consensus target price of $9.80. Dimensional Fund Advisors LP raised its stake in shares of VEREIT by 7.6% in the fourth quarter. Lasalle Investment Management Securities LLC now owns 16,129,586 shares of the financial services provider's stock valued at $136,940,000 after buying an additional 6,783,213 shares during the period. Macquarie Group Ltd. boosted its stake in VEREIT by 40.5% in the fourth quarter. Quadrant Capital Group LLC now owns 12,329 shares of the financial services provider's stock valued at $101,000 after buying an additional 1,140 shares during the period. Finally, Creative Planning boosted its stake in VEREIT by 9.0% in the first quarter.
Several other hedge funds also recently modified their holdings of the company. Following the transaction, the insider now directly owns 223,381 shares in the company, valued at $1,755,774.66.
ILLEGAL ACTIVITY WARNING: "Paul H. Mcdowell Buys 7,000 Shares of VEREIT Inc". Currently, Time Inc.net profit margin for the 12 months is at -2.18%. The stock was bought at an average price of $7.81 per share, with a total value of $249,920.00. The disclosure for this purchase can be found here. Vereit (VER) traded down 0.48% during mid-day trading on Friday, reaching $8.32. Following the purchase, the insider now owns 289,401 shares of the company's stock, valued at approximately $2,173,401.51.
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Whether a company misses or beats analyst estimates, the earnings report may guide short-term stock price movemments.
VEREIT, Inc is a full-service real estate operating company.