Vereit Inc (NYSE:VER) shares traded 0.13% up during most recent session to reach at the closing price of $7.67. The stock exchanged hands 7.08 Million shares versus average trading capacity of 8.78 Million shares, yielding a market cap of $7.46 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $7.91 within the next 52-weeks. The mean target projections are based on 8 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Vereit Inc (NYSE:VER) high price target of $9 and with a conservative view have low price target of $6.5.
Evercore ISI Group “Downgrades” Vereit Inc (NYSE:VER) in a research note issued to investors on 5/21/18 to In-Line.
Additionally on 2/23/18 JMP Securities “Maintained” Vereit Inc (NYSE:VER) to Market Outperform setting price target at $9 and on 5/05/17 Evercore ISI Group “Upgrades” the stock to Outperform. Furthermore on 4/26/17 Evercore ISI Group “Initiates Coverage On” the stock to In-Line at $9.
On the other hand the company has Relative Strength Index (RSI 14) of 72.41 along with Average True Range (ATR 14) of 0.12, Consequently Vereit Inc (NYSE:VER)’s weekly and monthly volatility is 1.65%, 1.65% respectively. The company’s beta value is at 0.64.
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 $-0.01 and can go high up to $-0.01. The consensus mean EPS for the current quarter is at $-0.01 derived from a total of 1 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.01 earnings per share for the same quarter during last year.
Previously Vereit Inc (NYSE:VER) reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.01 by $0.02. The company posted an earnings surprise of 200%.
Vereit Inc (NYSE:VER)’s revenue estimates for the current quarter are $290.35 Million according to 5 number of analysts, for the current quarter the company has high revenue estimates of $291.94 Million in contradiction of low revenue estimates of $286.92 Million. For the current year the company’s revenue estimates are $1.17 Billion compared to low analyst estimates of $1.16 Billion and high estimates of $1.17 Billion according to 5 number of analysts.
Currently Vereit Inc (NYSE:VER)’s shares owned by insiders are 0.5%, whereas shares owned by institutional owners are 88.6%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -0.15%.
Vereit Inc (NYSE:VER)’s trailing twelve month revenues are $1.25 Billion, whereas its price to sales ratio for the same period is 5.99. Its book value per share for the most recent quarter is $7.94 while its price to book ratio for the same period is 0.97, as for as the company’s cash per share for the most recent quarter is $0.03, however its price to cash per share ratio for the same period is 262.69. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.