VEREIT, Inc. (NYSE:VER) Target Price Means Stock Is Worth $9.78

VEREIT, Inc. (NYSE:VER) registered a 0.60% increase, still its new closing price is 22.49% up from the company’s 1 year high of 10.91.It posted -0.82% losses in previous 5 sessions and is now the subject of 4 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 0 buy or better ratings. The 10 stock analysts following this company have an average price target at $9.78, with individual PT in the $8.00-$11.00 range. The shares moved at $8.42, implying that brokerage firms see shares gaining about 8.57% in twelve months time.

VEREIT, Inc. (VER) SEC Form 4 News

The stock is getting much attention these days as insiders are offloading shares while they posted a -0.47% fall year to date. A See Remarks at VEREIT, Inc. (VER) offloaded shares in a transaction closed on Wednesday June 08, 2016. Roberts Thomas W sold 100,000 shares in the company at $9.82 each and collected $982,000 in proceeds. Roberts Thomas W now owns 471,561 shares in the company after this transaction. A See Remarks in the company, MCDOWELL PAUL H, disclosed a transaction on Monday December 14, 2015 that ended up paying $47,001 from the purchase of 6,000 shares at $7.93 per share.

VEREIT, Inc. (NYSE:VER) Upcoming Results on Tap

VEREIT, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.01 in that period. Sales during the quarter are predicted to arrive at $310.37 million.

VEREIT, Inc. (VER) Brokerage Update

VEREIT, Inc. (VER) is in JMP Securities’s research list so their analyst rating change is noteworthy. These shares were upgraded to Mkt Outperform from Mkt Perform by JMP Securities, according to news reported on Monday January 09, 2017.Another important research note was issued by CapitalOne on Friday August 05, 2016.The firm upgraded VER to Overweight from Equal Weight. Over the last six months and over the last three months, the shares of VEREIT, Inc. (VER), have changed -18.55% and -6.24%, respectively.