VEREIT Inc. [VER] is -21.32% lower this YTD. Is it still time to buy?

VEREIT Inc. [NYSE: VER] slipped around -0.09 points on Friday, while shares priced at $7.27 at the close of the session, down -1.22%. The company report on November 10, 2020 that VEREIT® Announces Pricing of $1.2 Billion of Senior Notes.

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VEREIT, Inc. (NYSE: VER) (“VEREIT”) announced that its operating partnership, VEREIT Operating Partnership, L.P. (the “Operating Partnership” and, together with VEREIT, the “Company”), priced an offering of $1.2 billion aggregate principal amount of senior notes, consisting of $500.0 million aggregate principal amount of 2.200% senior notes due 2028 at an issue price of 98.881% of par value (the “2028 Notes”) and $700.0 million aggregate principal amount of 2.850% senior notes due 2032 at an issue price of 98.928% of par value (the “2032 Notes” and, together with the 2028 Notes, the “Notes”). Interest on the Notes will be payable in cash and will accrue at a rate of 2.200% per annum for the 2028 Notes and 2.850% for the 2032 Notes. The Notes will be senior unsecured obligations of the Operating Partnership, guaranteed by VEREIT. The offering of Notes is expected to close on November 17, 2020, subject to the satisfaction of customary closing conditions.

The Operating Partnership intends to use the net proceeds from the offering of the Notes, together with borrowings under its revolving credit facility or cash on hand, to (i) repay amounts outstanding under its credit facility term loan, including accrued and unpaid interest, and (ii) settle certain interest rate swap agreements, including swap termination costs, in each case contemporaneously with, or shortly after, the closing of the offering. The remainder of the net proceeds from the offering, if any, will be used for general corporate purposes.

VEREIT Inc. stock is now -21.32% down from its year-to-date (YTD) trading value. VER Stock saw the intraday high of $7.335 and lowest of $7.21 per share. The company’s 52-week high price is 10.18, which means current price is +104.50% above from all time high which was touched on 02/24/20.

Compared to the average trading volume of 9.77M shares, VER reached a trading volume of 6721407 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about VEREIT Inc. [VER]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VER shares is $7.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VER stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for VEREIT Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 24, 2020. While these analysts kept the previous recommendation, Berenberg raised their target price to Hold. The new note on the price target was released on July 10, 2020, representing the official price target for VEREIT Inc. stock. Previously, the target price had yet another raise to $10, while CapitalOne analysts kept a Equal Weight rating on VER stock.

The Average True Range (ATR) for VEREIT Inc. is set at 0.29, with the Price to Sales ratio for VER stock in the period of the last 12 months amounting to 6.82. The Price to Book ratio for the last quarter was 1.22, with the Price to Cash per share for the same quarter was set at 0.19.

How has VER stock performed recently?

VEREIT Inc. [VER] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.22. With this latest performance, VER shares gained by 8.51% in over the last four-week period, additionally plugging by 24.27% over the last 6 months – not to mention a drop of -24.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VER stock in for the last two-week period is set at 59.04, with the RSI for the last a single of trading hit 57.22, and the three-weeks RSI is set at 56.46 for VEREIT Inc. [VER]. The present Moving Average for the last 50 days of trading for this stock 6.77, while it was recorded at 7.31 for the last single week of trading, and 6.51 for the last 200 days.

VEREIT Inc. [VER]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and VEREIT Inc. [VER] shares currently have an operating margin of +22.59 and a Gross Margin at +50.35. VEREIT Inc.’s Net Margin is presently recorded at -24.28.

Return on Total Capital for VER is now 2.14, given the latest momentum, and Return on Invested Capital for the company is -2.37. Return on Equity for this stock declined to -4.29, with Return on Assets sitting at -2.20. When it comes to the capital structure of this company, VEREIT Inc. [VER] has a Total Debt to Total Equity ratio set at 86.70. Additionally, VER Total Debt to Total Capital is recorded at 46.44, with Total Debt to Total Assets ending up at 44.63. Long-Term Debt to Equity for the company is recorded at 78.92, with the Long-Term Debt to Total Capital now at 42.27.

Reflecting on the efficiency of the workforce at the company, VEREIT Inc. [VER] managed to generate an average of -$1,877,206 per employee. Receivables Turnover for the company is 4.02 with a Total Asset Turnover recorded at a value of 0.09.

Earnings analysis for VEREIT Inc. [VER]

With the latest financial reports released by the company, VEREIT Inc. posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 66.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VER. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for VEREIT Inc. go to 5.00%.

Insider trade positions for VEREIT Inc. [VER]

There are presently around $7,809 million, or 99.10% of VER stock, in the hands of institutional investors. The top three institutional holders of VER stocks are: VANGUARD GROUP INC with ownership of 150,748,029, which is approximately -4.561% of the company’s market cap and around 0.40% of the total institutional ownership; COHEN & STEERS, INC., holding 139,251,442 shares of the stock with an approximate value of $1.01 billion in VER stocks shares; and BLACKROCK INC., currently with $639.25 million in VER stock with ownership of nearly -3.131% of the company’s market capitalization.

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Positions in VEREIT Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 170 institutional holders increased their position in VEREIT Inc. [NYSE:VER] by around 101,469,037 shares. Additionally, 228 investors decreased positions by around 69,371,783 shares, while 68 investors held positions by with 903,235,340 shares. The mentioned changes placed institutional holdings at 1,074,076,160 shares, according to the latest SEC report filing. VER stock had 41 new institutional investments in for a total of 11,234,989 shares, while 53 institutional investors sold positions of 10,634,997 shares during the same period.

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