VEREIT, Inc. (NYSE:VER) current consensus investment analysts is to Hold
VEREIT, Inc. (NYSE:VER) stock is presently standing at about $8.30 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 9 analysts covering the company is $10.00, which suggests the stock could still rise over 17 percent. The highest analyst price target is $11.00, which implies a rally of 67 percent. And a quick view of analyst notes show that 5 are rating the stock a buy while 0 rate VER a strong buy. There are 4 equity research firms advocating a Hold and 0 consider it Sell.
JMP Securities analysts provided their view on VEREIT, Inc. (NYSE:VER) recently. The rating firm issued a Mkt Outperform rating to this company in a research note released on Jan 09, 2017. Mizuho analysts disclosed their opinion on VEREIT, Inc. (NYSE:VER) recently. The rating firm gave a Neutral rating to this stock in a research note published on Oct 14, 2016. According to a research note disclosed on Aug 05, 2016, analysts at CapitalOne have upped their rating on these shares from Equal Weight to Overweight.
VEREIT, Inc. (NYSE:VER) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its See Remarks Roberts Thomas W sold 100,000 company shares for 982000, in a transaction on 2016-06-08. Following the transaction, the See Remarks is left with a stake of 471,561 shares, currently valued at $3913956. Meanwhile, See Remarks MCDOWELL PAUL H purchased 6,000 shares worth $47580, through a transaction dated 2015-12-14. Following the completion of the transaction, the insider is left with a stake of 70,741 shares, amounting $587150.3. VER Director Pinover Eugene A also purchased 12,300 shares, at a stock price of $8.12. This transaction occurred on 2015-11-12 totals $99880. After this transaction, the insider’s stake stands at 21,298 shares, with a market value of $176773.
Executives hold 1.05 percent of the stock. Nicholas S. Schorsch is one of the biggest insider owners in VEREIT, Inc. (NYSE:VER), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 3,614,657 shares which have current market value of around $30001653.1.Glenn J. Rufrano is another major inside shareholder in the company. The insider owns 1,989,336 shares as of 0.2%, currently worth $16511488.8. Mr. David S. Kay is ranked as third insider holder of the stock. This insider holds 932,033 shares with a market value around $7735873.9 as of recent close.
VEREIT, Inc. (NYSE:VER) Earnings Outlook
In VEREIT, Inc. (NYSE:VER)’s latest quarter, EPS moved to $N/A from $N/A in preceding quarter and revenues reached at $299.23M compared to $303.38M. Analysts had expected VEREIT, Inc. (NYSE:VER) to post net income of about $N/A per share on $309.52M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.01 to $0.02. That is compared with the $N/A in EPS it reported during the same period a year ago.