Brokerage firm Capital One Financial Upgrades its rating on Vereit Inc(NYSE:VER). The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Capital One Financial was issued on Aug 5, 2016.
Vereit Inc(VER) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $371.02M. Analysts had an estimated revenue of $323.34M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.19.
Several Insider Transactions has been reported to the SEC. On Jun 9, 2016, Thomas W Roberts (officer ) sold 100,000 shares at $9.82 per share price.Also, 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).