Stock On Watch: Will Vereit Inc Go Down Anytime Soon?

Stock On Watch: Will Vereit Inc Go Down Anytime Soon?

The stock of Vereit Inc (NYSE:VER) is a huge mover today! About 1.53M shares traded hands. Vereit Inc (NYSE:VER) has declined 6.39% since April 26, 2016 and is downtrending. It has underperformed by 11.65% the S&P500.
The move comes after 9 months positive chart setup for the $8.16B company. It was reported on Nov, 29 by Barchart.com. We have $9.20 PT which if reached, will make NYSE:VER worth $734.40 million more.

Analysts await Vereit Inc (NYSE:VER) to report earnings on February, 22. They expect $0.17 EPS, down 15.00% or $0.03 from last year’s $0.2 per share. VER’s profit will be $164.36M for 12.41 P/E if the $0.17 EPS becomes a reality. After $0.20 actual EPS reported by Vereit Inc for the previous quarter, Wall Street now forecasts -15.00% negative EPS growth.

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. As per Thursday, September 17, the company rating was initiated by DA Davidson. On Friday, August 5 the stock rating was upgraded by Capital One to “Overweight”. Goldman Sachs initiated it with “Buy” rating and $9.50 target price in Tuesday, September 1 report. The stock has “Equal Weight” rating given by CapitalOne on Monday, December 21. The rating was upgraded by JP Morgan to “Neutral” on Friday, November 6. Mizuho initiated it with “Neutral” rating and $9.50 target price in Friday, October 14 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: Seekingalpha.com, which released: “VEREIT: This 6.5% Yielder Is Ripe For A Rebound” on November 28, 2016. Seekingalpha.com‘s article titled: “VEREIT Is Poised To Profit” and published on November 22, 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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