Insider Activity Monitoring: VEREIT Inc. (VER)

VEREIT Inc. (NYSE:VER) saw an upside of 0.64% to close Monday at $47.31 after adding $0.3 on the day. The 5-day average trading volume is 1,701,440 shares of the company’s common stock. It has gained $48.12 in the past week. An average of 1,677,435 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,500,752.

VER’s 1-month performance is -0.67% or -$0.32 on its low of $45.15 reached on 09/29/21. The company’s shares have touched a 52-week low of $30.05 and high of $50.97, with the stock’s rally to the 52-week high happening on 09/01/21. YTD, VER has achieved 25.19% or $9.52. However, the current price is down -7.19%% from the 52-week high price.

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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 55.37 and a low of 25.55. VER stock has a beta of 1.18. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.40 while the price-to-book (PB) in the most recent quarter is 1.63, with the price to cash flow ratio at 31.99.

VEREIT Inc. pays an annual dividend of $1.85 per share. Its dividend yield is 3.91% and the payout ratio is 168.70%. VER paid $0.4620 a share compared with prior rate of $0.4620, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.3850 reported on Tuesday February 23 2021. Measured over the last 3 years, the Dividend has been growing by -30.20% yearly.

It is projected that VEREIT Inc.’s next ex-dividend date will be on 30-Dec. VER is expected to distribute $0.462 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.83, while the total debt to equity was 0.83. In terms of profitability, the gross margin trailing 12 months is 89.40%. while for the period ending June 29; VEREIT Inc.’s operating margin was 37.30%. The firm’s gross profit as reported stood at $452.83 million against revenue of $1.16 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected VER to announce $0.31 per share in earnings in its latest quarter, but it posted $0.31, representing a 0.00% surprise. EBITDA for the quarter stood at more than $228.51 million. VER stock balance sheet for the quarter ending June 29 shows that, with total debt at $5.79 billion. Shareholders hold equity totaling $229.15 million

Technical Picture

Let’s look briefly at VEREIT Inc. (VER) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 53.73% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.50%.

The stock’s 5-day moving average is $47.13, reflecting a +1.87% or $0.87 change from its current price. VER is currently trading -1.38% above its 20-day SMA, +4.28% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -3.39% and +26.77% respectively.

Stochastic %K and %D was 71.38% and 67.71% and the average true range (ATR) pointed at 0.79. The RSI (14) points at 49.13%, while the 14-day stochastic is at 72.73% with the period’s ATR at 0.79. The stock’s 9-day MACD Oscillator is pointing at 0.70 and 0.70 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for VEREIT Inc. (NYSE: VER), CapitalOne downgraded it to an Equal weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for VER stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate VER as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.

What is VER’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $48.00 and a high of $53.00, with their median price target at $50.00. Looking at these predictions, the average price target given by analysts is for VEREIT Inc. (VER) stock is $50.15.


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