VEREIT Inc. (NYSE:VER) has a beta of 1.14. The stock’s Relative Strength Index (RSI) is 54.32, with weekly volatility at 7.26% and ATR at 0.36. The VER stock’s 52-week price range has touched low of $3.56 and a $10.18 high. Its shares traded lower over the last trading session, losing -0.66% on 05/21/20. The shares fell to a low of $5.03 before closing at $5.28. Intraday shares traded counted 2.91 million, which was 82.98% higher than its 30-day average trading volume of 17.09M. VER’s previous close was $5.31 while the outstanding shares total 1.07B.
Investors have identified the REIT – Diversified company VEREIT Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $5.91 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
VEREIT Inc. (VER) Fundamentals that are to be considered.
VER were able to record 159.19 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 585.78 million. In cash movements, the company had a total of 172.01 million as operating cash flow.
Potential earnings growth for VEREIT Inc. (VER)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, VEREIT Inc. recorded a total of 299.18 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -5.92% coming in sequential stages and their sales for the third quarter reducing by -2.05%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 170.97 million trying to sell their products during the last quarter, with the result yielding a gross income of 128.22 million. This allows shareholders to hold on to 1.07B with the revenue now reading 0.08 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.16 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.69 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on VER sounds very interesting.
Is the stock of VER attractive?
In related news, See Remarks, Roberts Thomas W sold 25,000 shares of the company’s stock in a transaction that recorded on Sep 17. The sale was performed at an average price of 9.87, for a total value of 246,750. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
3 out of 9 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on VEREIT Inc.. 0 analysts has assigned a Sell rating on the VER stock. The 12-month mean consensus price target for the company’s shares has been set at $7.31.