Price Change to Note: What’s Propelling Vereit Inc to Increase So Much?

Price Change to Note: What's Propelling Vereit Inc to Increase So Much?

The stock of Vereit Inc (NYSE:VER) is a huge mover today! About 2.36M shares traded hands. Vereit Inc (NYSE:VER) has declined 10.26% since April 11, 2016 and is downtrending. It has underperformed by 16.40% the S&P500.
The move comes after 6 months positive chart setup for the $7.58B company. It was reported on Nov, 11 by Barchart.com. We have $11.42 PT which if reached, will make NYSE:VER worth $2.65B more.

Vereit Inc (NYSE:VER) Ratings Coverage

Out of 6 analysts covering VEREIT Inc (NYSE:VER), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. VEREIT Inc has been the topic of 6 analyst reports since September 1, 2015 according to StockzIntelligence Inc. Goldman Sachs initiated the shares of VER in a report on Tuesday, September 1 with “Buy” rating. Mizuho initiated Vereit Inc (NYSE:VER) on Friday, October 14 with “Neutral” rating. On Monday, December 21 the stock rating was downgraded by CapitalOne to “Equal Weight”. The rating was initiated by DA Davidson on Thursday, September 17 with “Neutral”. The rating was upgraded by JP Morgan to “Neutral” on Friday, November 6. Capital One upgraded the stock to “Overweight” rating in Friday, August 5 report.

According to Zacks Investment Research, “VEREIT, Inc. is a real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. VEREIT, Inc., formerly known as American Realty Capital Properties Inc., is based in Phoenix, United States.”

More news for Vereit Inc (NYSE:VER) were recently published by: Prnewswire.com, which released: “VEREIT® Announces Monthly Series F Preferred Stock Dividend for January 2017 …” on November 08, 2016. Prnewswire.com‘s article titled: “VEREIT® Announces Third Quarter 2016 Operating Results” and published on November 02, 2016 is yet another important article.

VER Company Profile

VEREIT, Inc., incorporated on December 2, 2010, is a full-service real estate operating company. The Firm owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets, including 4,378 properties totaling approximately 99.0 million square feet. In addition, the Company manages real estate investments on behalf of the Cole Capital.

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