Economy

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%.



Like this

Latest


16 Сентября 2017
Professor who tweeted about 'dead cops' suspended
Isaacson appeared on Fox News on Thursday, where during an interview by host Tucker Carlson he defended the antifa movement. It even drew the ire of the NYPD's unions, Mayor de Blasio and Police Commissioner James O'Neill - a John Jay graduate.

16 Сентября 2017
Can they cement a deal? Dangote in PPC takeover bid
Dangote Cement Plc is Africa's leading cement producer with almost 46 million tonnes per annum (Mta) capacity across Africa. In February, former PPC chief Darryl Castle said PPC would be the "architects" of consolidation in the industry.

16 Сентября 2017
Manchester United v Everton
Ander Herrera, Marouane Fellani, Michael Carrick; they're waiting for a chance and they are ready. Rooney left a legacy at United after becoming the club's highest ever goalscorer with 253 goals.

16 Сентября 2017
World's oldest woman is dead
Mosse-Brown told a local Jamaican news outlet that she didn't have a secret to longevity, but she hinted at some tricks. She is the first verified supercentenarian from Jamaica and holds the record as the oldest person from the country ever.

16 Сентября 2017
Year-Old Girl Studying In Kendriya Vidyalaya Barmer Gangraped Allegedly By Sweepers
Sensing the seriousness of the case, district collector and police officials reached the school and interrogated officials. Barmer's SP said that during the medical examination of the girl doctors did not find any external or internal injuries.

16 Сентября 2017
Judges reinstate California foie gras ban
Jared Goodman, a lawyer for People for the Ethical Treatment of Animals, said that group was "thrilled" by the decision. Many chefs opposed the California law, saying they like preparing foie gras and their customers want to eat it.

16 Сентября 2017
Under Armour Announces ASAP Rocky Partnership
Back in early July, word dropped that Lord Pretty Flacko Jodye was teaming with Under Armour to help design their kicks and fits. Rocky's apparel and footwear collection will be housed by Under Armour Sportswear, the company's lifestyle product initiative.

16 Сентября 2017
Highly Traded Stock: Atossa Genetics, Inc. (ATOS)
(NASDAQ:SAGE) are making a strong comeback as they have jumped 83.73% since bottoming out at $38.3 on November 03, 2016. Atossa Genetics Inc . (NASDAQ: ATOS)'s market cap, the total dollar value of all of their outstanding shares, is 7.33m.

16 Сентября 2017
Angelina Jolie brings reinforcements - including dad Jon Voight - to movie premiere
Angelina and Brad have six children together, Maddox , Pax Thien, Zahara Marley, Shiloh Nouvel, Knox Leon and Vivienne Marcheline. It also makes sense Jolie would be in a celebratory mood. "They were all very happy", the insider said PEOPLE .

16 Сентября 2017
California Assembly approves state-wide sanctuary city bill
But they'll be barred from transferring immigrants to federal authorities if their rap sheet includes only minor offenses. Brown has until October 15 to decide which bills will become law, and Hernandez is confident that SB 17 is on that track.



Recommended