VEREIT Inc. [NYSE: VER] traded at a high on 04/29/21, posting a 16.04 gain after which it closed the day’ session at $47.88. The company report on April 30, 2021 that SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of VEREIT, Inc. (NYSE – VER).
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of VEREIT, Inc. (“VEREIT” or the “Company”) (NYSE:VER) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by Realty Income Corporation (“Realty Income”) (NYSE – O). Under the terms of the agreement, VEREIT shareholders will receive only 0.705 shares of Realty Income common stock for each VEREIT share they own.
The investigation concerns whether the VEREIT Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether Realty Income is paying too little for the Company.
The results of the trading session contributed to over 11488215 shares changing hands. Over the past one week, the price volatility of VEREIT Inc. stands at 1.97% while the volatility over the past one month is 1.80%.
The market cap for VER stock reached $10.89 billion, with 222.19 million shares outstanding and 217.74 million shares in the current float. Compared to the average trading volume of 1.57M shares, VER reached a trading volume of 11488215 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 $42.61 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.
CapitalOne have made an estimate for VEREIT Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 25, 2021. While these analysts kept the previous recommendation, Goldman raised their target price to Sell. The new note on the price target was released on January 22, 2021, representing the official price target for VEREIT Inc. stock. Previously, the target price had yet another raise from $35 to $39, while Mizuho kept a Buy rating on VER stock.
The Average True Range (ATR) for VEREIT Inc. is set at 1.30, with the Price to Sales ratio for VER stock in the period of the last 12 months amounting to 9.38. The Price to Book ratio for the last quarter was 1.56, with the Price to Cash per share for the same quarter was set at 2.30. Price to Free Cash Flow for VER in the course of the last twelve months was 61.21.
How has VER stock performed recently?
VEREIT Inc. [VER] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.10. With this latest performance, VER shares gained by 23.63% in over the last four-week period, additionally plugging by 51.52% over the last 6 months – not to mention a rise of 67.71% 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 84.04, with the RSI for the last a single of trading hit 88.96, and the three-weeks RSI is set at 79.20 for VEREIT Inc. [VER]. The present Moving Average for the last 50 days of trading for this stock 39.64, while it was recorded at 42.81 for the last single week of trading, and 36.02 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 +42.16 and a Gross Margin at +54.25. VEREIT Inc.’s Net Margin is presently recorded at +16.00.
Return on Total Capital for VER is now 4.12, given the latest momentum, and Return on Invested Capital for the company is 1.62. Return on Equity for this stock inclined to 2.95, with Return on Assets sitting at 1.51. When it comes to the capital structure of this company, VEREIT Inc. [VER] has a Total Debt to Total Equity ratio set at 89.97. Additionally, VER Total Debt to Total Capital is recorded at 47.36, with Total Debt to Total Assets ending up at 45.95. Long-Term Debt to Equity for the company is recorded at 84.19, with the Long-Term Debt to Total Capital now at 44.31.
Reflecting on the efficiency of the workforce at the company, VEREIT Inc. [VER] managed to generate an average of $1,257,050 per employee. Receivables Turnover for the company is 3.93 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 0.35/share EPS, while the average EPS was predicted by analysts to be reported at 0.25/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 40.00%. 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 $9,134 million, or 97.80% of VER stock, in the hands of institutional investors. The top three institutional holders of VER stocks are: COHEN & STEERS, INC. with ownership of 36,253,240, which is approximately 30.172% of the company’s market cap and around 0.60% of the total institutional ownership; VANGUARD GROUP INC, holding 30,722,326 shares of the stock with an approximate value of $1.27 billion in VER stocks shares; and BLACKROCK INC., currently with $741.77 million in VER stock with ownership of nearly 2.229% of the company’s market capitalization.
Positions in VEREIT Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 182 institutional holders increased their position in VEREIT Inc. [NYSE:VER] by around 26,094,208 shares. Additionally, 215 investors decreased positions by around 19,715,649 shares, while 38 investors held positions by with 175,556,218 shares. The mentioned changes placed institutional holdings at 221,366,075 shares, according to the latest SEC report filing. VER stock had 54 new institutional investments in for a total of 3,713,452 shares, while 84 institutional investors sold positions of 2,997,318 shares during the same period.