Somewhat Positive Media Coverage Somewhat Unlikely to Affect Vereit (NYSE:VER) Share Price

News headlines about Vereit (NYSE:VER) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Vereit earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.8865905835403 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media headlines that may have effected Accern’s rankings:

A number of analysts have commented on VER shares. Mizuho reaffirmed a “hold” rating and set a $7.00 target price on shares of Vereit in a report on Friday, March 2nd. Zacks Investment Research lowered shares of Vereit from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. JMP Securities lowered their target price on shares of Vereit from $9.50 to $9.00 and set a “market outperform” rating for the company in a report on Friday, February 23rd. Finally, ValuEngine lowered shares of Vereit from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $8.85.

Shares of Vereit (NYSE VER) traded down $0.02 during mid-day trading on Wednesday, hitting $7.03. 2,116,647 shares of the stock were exchanged, compared to its average volume of 9,730,778. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $6,839.57, a PE ratio of -702.30 and a beta of 0.66. Vereit has a 12 month low of $6.62 and a 12 month high of $8.94.

Vereit (NYSE:VER) last issued its earnings results on Thursday, February 22nd. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating 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 company had revenue of $316.60 million for the quarter, compared to analysts’ expectations of $284.78 million. During the same period in the prior year, the firm earned $0.18 EPS. Vereit’s quarterly revenue was down 3.3% compared to the same quarter last year. research analysts anticipate that Vereit will post 0.72 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a $0.138 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.55 dividend on an annualized basis and a yield of 7.85%. Vereit’s dividend payout ratio (DPR) is currently -5,494.51%.

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About Vereit

VEREIT, Inc is a full-service real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. It operates through two segments: real estate investment (REI) segment and its investment management segment, Cole Capital.

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

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