Vereit (NYSE:VER) Receiving Somewhat Positive Press Coverage, Report Finds

Press coverage about Vereit (NYSE:VER) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Vereit earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.8150311749108 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

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

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NYSE:VER traded up $0.03 during mid-day trading on Friday, reaching $6.96. The stock had a trading volume of 15,449,100 shares, compared to its average volume of 9,515,918. The firm has a market capitalization of $6,751.88, a price-to-earnings ratio of -695.30 and a beta of 0.66. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.33. Vereit has a 52 week low of $6.62 and a 52 week high of $8.94.

Vereit (NYSE:VER) last posted its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The business had revenue of $316.60 million for the quarter, compared to analyst estimates of $284.78 million. Vereit had a return on equity of 0.75% and a net margin of 2.38%. The firm’s revenue was down 3.3% on a year-over-year basis. During the same period last year, the company earned $0.18 EPS. research analysts forecast that Vereit will post 0.72 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a yield of 7.93%. The ex-dividend date is Wednesday, March 28th. Vereit’s payout ratio is presently -5,494.51%.

Several equities analysts have commented on the company. JMP Securities cut their price target on Vereit from $9.50 to $9.00 and set a “market outperform” rating for the company in a report on Friday, February 23rd. Zacks Investment Research raised Vereit from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Mizuho reissued a “hold” rating and issued a $7.00 target price on shares of Vereit in a report on Friday, March 2nd. Finally, ValuEngine cut Vereit from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Vereit currently has an average rating of “Hold” and a consensus price target of $8.56.

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Vereit Company Profile

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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