Economy

Street Analysts View On HP Inc. (HPQ), VEREIT, Inc. (VER)

Vereit Inc (NYSE:VER) has a market cap of $6.71 Billion and the number of outstanding shares have been calculated 985.36 Million. Meeder Asset Management Inc.'s holdings in Vereit were worth $1,129,000 at the end of the most recent reporting period. Institutional investors own 88.33% of the company's stock. Ltd. grew its position in shares of Vereit by 2.5% during the third quarter. LSV Asset Management now owns 17,843,400 shares of the financial services provider's stock worth $139,000,000 after purchasing an additional 2,426,331 shares during the period. Legal & General Group Plc increased its holdings in Vereit by 8.6% during the third quarter. The volume of the company in the last trading session was 7.45 Million. Fosun International Ltd now owns 5,845,132 shares of the financial services provider's stock worth $48,455,000 after acquiring an additional 3,925,900 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in Vereit during the third quarter valued at about $117,000. BlackRock Inc. lifted its stake in shares of Vereit by 2.1% in the fourth quarter.

Vereit Inc (NYSE:VER) as of recent trade, has shown weekly downbeat performance of -1.73% which was maintained at -7.85% in 1-month period. The stock is now has its Return on Assets (ROA) value of 0.9 Percent. ATR is an exponential moving average (consist of 14 trading days) of the True Ranges that is explaining range of a day's trading is high-low. The Company achieved $0.74 AFFO per diluted share, including $0.70 from continuing operations, the decreased Debt from $6.4 billion to $6.1 billion; Net Debt remained at $6.1 billion, or 39.0% Net Debt to Gross Real Estate Investments.

Vereit (NYSE:VER) last issued its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. The company now has a Return on Equity of -1.5% and a Return on Investment of 0.4%. The company had revenue of $316.60 million for the quarter, compared to analyst estimates of $284.78 million. JMP Securities dropped their target price on shares of Vereit from $9.50 to $9.00 and set a "market outperform" rating for the company in a research report on Friday.

Analysts are expecting average earnings estimates of $0 for the current quarter based on the opinion of 0 analysts, relating to high earnings per share estimates of $0 and low estimates of $0, however Vereit Inc (NYSE:VER) reported $0.04 earnings per share for the same quarter previous year.

Several hedge funds have recently made changes to their positions in VER. Finally, ValuEngine downgraded Vereit from a buy rating to a hold rating in a research note on Sunday, December 31st. Finally, Stifel Nicolaus reaffirmed a "hold" rating on shares of Vereit in a research report on Wednesday, November 1st.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 2.25 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell.

WARNING: "Vereit Inc (VER) Holdings Trimmed by SG Americas Securities LLC" was first posted by BBNS and is the property of of BBNS. If you are accessing this news story on another site, it was stolen and republished in violation of United States and worldwide copyright and trademark legislation.

The Company's continuing operations represent primarily those of the real estate investment segment.



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