Q1 2020 EPS Estimates for Vereit Inc (NYSE:VER) Reduced by Analyst

Vereit Inc (NYSE:VER) – Stock analysts at Capital One Financial reduced their Q1 2020 earnings per share estimates for Vereit in a report issued on Monday, February 10th. Capital One Financial analyst C. Lucas now expects that the financial services provider will earn $0.16 per share for the quarter, down from their previous estimate of $0.17. Capital One Financial has a “Equal Weight” rating on the stock. Capital One Financial also issued estimates for Vereit’s Q2 2020 earnings at $0.16 EPS, Q3 2020 earnings at $0.16 EPS, Q4 2020 earnings at $0.16 EPS, FY2020 earnings at $0.66 EPS and FY2021 earnings at $0.68 EPS.

VER has been the topic of a number of other research reports. ValuEngine downgraded Vereit from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Zacks Investment Research upgraded Vereit from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Thursday, February 6th. TheStreet downgraded Vereit from a “b-” rating to a “c+” rating in a report on Monday, November 11th. Finally, BMO Capital Markets initiated coverage on Vereit in a report on Friday, October 25th. They issued an “outperform” rating and a $11.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $10.06.

NYSE VER opened at $10.03 on Thursday. The company has a market cap of $10.52 billion, a PE ratio of -23.33, a PEG ratio of 1.47 and a beta of 0.53. Vereit has a 1 year low of $7.78 and a 1 year high of $10.13. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.78. The stock’s 50-day moving average price is $9.53 and its two-hundred day moving average price is $9.58.

Several institutional investors and hedge funds have recently modified their holdings of VER. Cohen & Steers Inc. grew its stake in shares of Vereit by 4.9% in the 4th quarter. Cohen & Steers Inc. now owns 92,900,676 shares of the financial services provider’s stock valued at $858,402,000 after buying an additional 4,357,437 shares in the last quarter. PGGM Investments grew its stake in shares of Vereit by 59.0% in the 3rd quarter. PGGM Investments now owns 38,728,733 shares of the financial services provider’s stock valued at $378,767,000 after buying an additional 14,366,122 shares in the last quarter. FMR LLC grew its stake in shares of Vereit by 5.3% in the 4th quarter. FMR LLC now owns 35,629,453 shares of the financial services provider’s stock valued at $329,216,000 after buying an additional 1,779,807 shares in the last quarter. LSV Asset Management grew its stake in shares of Vereit by 9.7% in the 4th quarter. LSV Asset Management now owns 33,469,548 shares of the financial services provider’s stock valued at $309,258,000 after buying an additional 2,955,556 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Vereit by 23.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 28,617,906 shares of the financial services provider’s stock valued at $264,429,000 after buying an additional 5,523,537 shares in the last quarter. Institutional investors own 89.23% of the company’s stock.

About Vereit

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 total real estate investments of $15.6 billion including approximately 4,000 properties and 94.7 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.

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Earnings History and Estimates for Vereit (NYSE:VER)

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