Vereit Inc (NYSE:VER) shares traded -0.7% down during most recent session to reach at the closing price of $8.56. The stock exchanged hands 6.49 Million shares versus average trading capacity of 9.65 Million shares, yielding a market cap of $8.48 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $9.39 within the next 52-weeks. The mean target projections are based on 9 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Vereit Inc (NYSE:VER) high price target of $11 and with a conservative view have low price target of $8.5.
Evercore ISI Group “Upgrades” Vereit Inc (NYSE:VER) in a research note issued to investors on 5/05/17 to Outperform with price target of $0.
Additionally on 4/26/17 Evercore ISI Group “Initiates Coverage On” Vereit Inc (NYSE:VER) to In-Line setting price target at $9 and on 1/09/17 JMP Securities “Upgrades” the stock to Market Outperform at $0. Furthermore on 12/16/16 JP Morgan “Upgrades” the stock to Overweight at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 54.3 along with Average True Range (ATR 14) of 0.17, Consequently Vereit Inc (NYSE:VER)’s weekly and monthly volatility is 2.08%, 2.01% respectively. The company’s beta value is at 0.73.
In terms of Buy, Sell or Hold recommendations, Vereit Inc (NYSE:VER) has analysts’ mean recommendation of 2.6. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Vereit Inc (NYSE:VER)’s minimum EPS for the current quarter is at $0 and can go high up to $0. The consensus mean EPS for the current quarter is at $0 derived from a total of 0 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.04 earnings per share for the same quarter during last year.
Previously Vereit Inc (NYSE:VER) reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $-5.8 by $5.85. The company posted an earnings surprise of 100.9%.
Vereit Inc (NYSE:VER)’s revenue estimates for the current quarter are $294.83 Million according to 7 number of analysts, for the current quarter the company has high revenue estimates of $307.42 Million in contradiction of low revenue estimates of $284.63 Million. For the current year the company’s revenue estimates are $1.18 Billion compared to low analyst estimates of $1.15 Billion and high estimates of $1.25 Billion according to 6 number of analysts.
Currently Vereit Inc (NYSE:VER)’s shares owned by insiders are 0.4%, whereas shares owned by institutional owners are 87.1%. However the six-month change in the insider ownership was recorded 2.37%, as well as three-month change in the institutional ownership was recorded 1.58%.
Vereit Inc (NYSE:VER) 52-week high price stands at $10.76 and low price stands at $7.44, its price distance from 52-week high is -20.45% while its distance from 52-week low price is 15.05%. The stock hit its 52-week high on 09/07/16, and 52-week low on 05/16/17.
Vereit Inc (NYSE:VER)’s trailing twelve month revenues are $1.4 Billion, whereas its price to sales ratio for the same period is 6.06. Its book value per share for the most recent quarter is $8.41 while its price to book ratio for the same period is 1.02, as for as the company’s cash per share for the most recent quarter is $0.3, however its price to cash per share ratio for the same period is 28.99. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.