Vereit Inc (VER) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.21 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.20. The company posted revenue of $369.00 million in the period, compared to analysts expectations of $317.48 million. The company’s revenue was down -6.3% compared to the same quarter last year.
In a different news, on Feb 11, 2016, William G Stanley (director) sold 54,967 shares at $16.17 per share price. According to the SEC, on Dec 16, 2015, Paul H Mcdowell (officer ) purchased 6,000 shares at $7.93 per share price. On Nov 16, 2015, Eugene A Pinover (director) purchased 12,300 shares at $8.11 per share price, according to the Form-4 filing with the securities and exchange commission.
VEREIT Inc. formerly American Realty Capital Properties Inc. is a real estate operating company. The Company owns and manages a diversified portfolio of retail restaurant office and industrial real estate assets including approximately 4645 properties totaling 101.8 million square feet. In addition the Company manages real estate investments on behalf of the Cole Capital non-traded real estate investment trust (REITs). The Company operates in two segments: Real Estate Investment (REI) and its investment management business Cole Capital (Cole Capital).