CapitalOne lifts VEREIT Inc. [VER] price estimate. Who else is bullish?

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VEREIT Inc. [NYSE: VER] gained 2.93% on the last trading session, reaching $51.95 price per share at the time. The company report on October 23, 2021 that Realty Income And VEREIT Announce Anticipated Closing Date For Merger And Realty Income Sets Record And Distribution Dates For Spin-Off.

Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, and VEREIT, Inc. (NYSE: VER) (“VEREIT”) announced that they anticipate closing their previously announced merger on November 1, 2021. In addition, the Registration Statement on Form 10 associated with the previously announced plan to spin-off substantially all the office assets from Realty Income and VEREIT, filed under the newly created company Orion Office REIT Inc. (NYSE: ONL) (“Orion”), is effective as of, October 22, 2021. Realty Income has declared November 2, 2021 as the record date for the spin-off and November 12, 2021 as the distribution date for the spin-off.


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The dates set forth above may be delayed subject to satisfaction or waiver of the conditions to the merger and spin-off. The spin-off will be accomplished via a pro rata dividend of one share of Orion common stock for every ten shares of Realty Income common stock outstanding as of the record date for the spin-off. For purposes of the spin-off, the outstanding Realty Income common stock on the record date will include the shares of Realty Income common stock received by VEREIT common stockholders in connection with the consummation of the merger. Realty Income stockholders will receive cash in lieu of fractional shares in the spin-off.

VEREIT Inc. represents 231.12 million in outstanding shares, while the company has a total market value of $11.81 billion with the latest information. VER stock price has been found in the range of $50.50 to $52.50.

If compared to the average trading volume of 1.64M shares, VER reached a trading volume of 3326299 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $48.89 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 2.80. 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 Equal Weight, with their previous recommendation back on July 26, 2021. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $45 to $48. The new note on the price target was released on May 07, 2021, representing the official price target for VEREIT Inc. stock.

The Average True Range (ATR) for VEREIT Inc. is set at 0.85, with the Price to Sales ratio for VER stock in the period of the last 12 months amounting to 10.13. The Price to Book ratio for the last quarter was 1.79, with the Price to Cash per share for the same quarter was set at 1.21. Price to Free Cash Flow for VER in the course of the last twelve months was 34.49.

Trading performance analysis for VER stock

VEREIT Inc. [VER] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.16. With this latest performance, VER shares gained by 11.62% in over the last four-week period, additionally plugging by 25.73% over the last 6 months – not to mention a rise of 53.93% 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 76.06, with the RSI for the last a single of trading hit 84.55, and the three-weeks RSI is set at 69.75 for VEREIT Inc. [VER]. The present Moving Average for the last 50 days of trading for this stock 48.59, while it was recorded at 50.36 for the last single week of trading, and 44.43 for the last 200 days.

VEREIT Inc. [VER]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and VEREIT Inc. [VER] shares currently have an operating margin of +44.77 and a Gross Margin at +50.49. VEREIT Inc.’s Net Margin is presently recorded at +17.32.

Return on Total Capital for VER is now 4.05, given the latest momentum, and Return on Invested Capital for the company is 1.60. 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 85.36, with the Long-Term Debt to Total Capital now at 44.93.

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 3.63 with a Total Asset Turnover recorded at a value of 0.09.

VEREIT Inc. [VER]: An earnings per share (EPS) analysis

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%.

An analysis of insider ownership at VEREIT Inc. [VER]

There are presently around $11,123 million, or 95.30% of VER stock, in the hands of institutional investors. The top three institutional holders of VER stocks are: COHEN & STEERS, INC. with ownership of 36,794,210, which is approximately 3.1% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 32,758,383 shares of the stock with an approximate value of $1.7 billion in VER stocks shares; and BLACKROCK INC., currently with $958.09 million in VER stock with ownership of nearly -1.687% 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 171 institutional holders increased their position in VEREIT Inc. [NYSE:VER] by around 29,614,759 shares. Additionally, 204 investors decreased positions by around 33,698,636 shares, while 57 investors held positions by with 150,787,749 shares. The mentioned changes placed institutional holdings at 214,101,144 shares, according to the latest SEC report filing. VER stock had 64 new institutional investments in for a total of 18,432,744 shares, while 62 institutional investors sold positions of 3,507,021 shares during the same period.

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