Economy

Sumitomo Mitsui Trust Holdings Inc. Reduces Holdings in VEREIT Inc. (VER)

Sumitomo Mitsui Trust Holdings Inc. Reduces Holdings in VEREIT Inc. (VER)”

Analysts are also projecting an Average Revenue Estimate for VEREIT, Inc.as $294100 in the Current Quarter.

Beta is also an important valuation ratio for analyzing the stock of the company, VER has its industry and Sector's beta remains at 0.84 and 0.78 respectively. The institutional investor owned 989,299 shares of the financial services provider's stock after acquiring an additional 98,629 shares during the quarter.

VEREIT, Inc. on 6/29/2017 reported its EPS as $0.04 with the analysts projecting the EPS of the stock as $-0.01.

A number of hedge funds and other institutional investors have recently modified their holdings of VER. The stock volatility for week was 1.48% while for month was 1.77%. IBM Retirement Fund boosted its holdings in VEREIT by 31.3% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in VEREIT by 10.8% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 14,345 shares of the financial services provider's stock worth $123,000 after acquiring an additional 1,396 shares during the last quarter. During the trading on 09/12/2017, Company's stock ranged from $8.51 to $8.68.

A number of research analysts have recently issued reports on the company. Equities analysts anticipate that VEREIT Inc. will post ($1.70) EPS for the current fiscal year. JMP Securities reissued a "hold" rating on shares of VEREIT in a research report on Sunday, November 6th. Finally, ValuEngine lowered VEREIT from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. The Street has a 9.39 target price on the shares for the next 12-18 months.

APG Asset Management US Inc. acquired a new position in shares of VEREIT during the third quarter valued at about $48,676,000. The share price has moved forward from its 20 days moving average, trading at a distance of 0.66% and stays 1.97% away from its 50 days moving average.

VEREIT (NYSE:VER) opened at 8.65 on Wednesday. The analysts estimated EPS for the higher end at 0.01 and lower end at 0.01 while the year ago reported earnings per share was 0.02.

VEREIT (NYSE:VER) last issued its quarterly earnings data on Thursday, August 3rd.

Turning to Calpine Corporation (NYSE:CPN), its shares were trading at $14.7 a retreat of $-0.05, on the trading floor. The business had revenue of $336.90 million for the quarter, compared to analyst estimates of $296.02 million. VEREIT's quarterly revenue was down 9.2% compared to the same quarter previous year. During the same period a year ago, the business earned $0.19 EPS.

The stock is now showing YTD performance of 0.95 Percent. The ex-dividend date is Thursday, September 28th. This represents a $0.55 annualized dividend and a yield of 6.43%. VEREIT's dividend payout ratio (DPR) is -499.95%.



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