Vereit Inc (VER) was Upgraded by CapitalOne to ” Overweight”. Earlier the firm had a rating of “Equal Weight ” on the company shares. CapitalOne advised their investors in a research report released on Aug 5, 2016.
On the company’s financial health, Vereit Inc reported $0.19 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.19. The company had revenue of $371.00 million for the quarter, compared to analysts expectations of $313.07 million. The company’s revenue was down -5.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.
In a different news, on Jun 9, 2016, Thomas W Roberts (officer ) sold 100,000 shares at $9.82 per share price. According to the SEC, on Feb 11, 2016, William G Stanley (director) sold 54,967 shares at $16.17 per share price. On Dec 16, 2015, Paul H Mcdowell (officer ) purchased 6,000 shares at $7.93 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).