Vereit Inc (NYSE:VER) soared 2.33% during previous trade, a total of 26.46M shares exchanged hands compared with its average trading volume of 9.42M shares whereas its relative volume is 3.44. The stock has a market capitalization of $8.28B along with 974.31M outstanding shares. Stock’s intraday price range hit the peak level of $8.40 and touched the lowest level of $8.17.
Most recently Vereit Inc (NYSE:VER)’s price target was revised on 5/18/17 and according to 10 analysts stock’s price will reach at $9.43 during 52 weeks with standard deviation of 1.20. Stock’s minimum price target estimates has been figured out at $8 while the maximum price target forecast is established at $11, if we look at the price target with an optimistic approach it has upside potential of 35% from its latest closing price of $8.36.
Historically, if we look at price target revisions, one week ago Vereit Inc (NYSE:VER)’s price target was revised on 5/12/17 by the analysts, however the bullish price estimates of the stock set at $11 while the bearish estimates kept at $8.25 over the next one year. Stock’s 52-week target was retained at $9.45, the estimates indicates a standard deviation of 1.42.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.17. ABR value is precisely based on brokerage recommendations, where out of 6 brokerage recommendations 3 rate Vereit Inc (NYSE:VER) stock a Strong Buy, 0 rate the stocks of the company a Buy, 2 rate Hold, 1 rate Sell and 0 recommend a Strong Sell. Most recently on 1/9/17 the stock of Vereit Inc (NYSE:VER) upgraded by JMP Securities from Mkt Perform to Mkt Outperform. However previously on 8/5/16 it was upgraded by CapitalOne from Equal Weight to Overweight. A research note issued on 12/21/15 the stock was downgraded by CapitalOne from Overweight to Equal Weight.
Vereit Inc (NYSE:VER) performance over the past one year plunged -11.44% whereas its year to date (YTD) performance indicated a bearish trend of -1.18%. During the last six months the stock slipped -0.71%. Quarterly performance of the company shows declining momentum of -6.90% while its last one month trend is negative with -2.45%. Stock’s weekly performance expressed up trend of 9.42%.
The company’s price sits 0.50% above from its 50-day moving average of $8.25 and -6.58% away from the stock’s 200-day moving average which is $8.46. Vereit Inc (NYSE:VER)’s shares are currently trading -24.62% away from the 52-week high price of $11.09 and +12.37% far from the 52-week low price of $7.44.
According to consensus agreement of 1 analyst Vereit Inc (NYSE:VER) will report earnings per share of $-0.01 in their quarterly report and it is expected to announce the company’s results on 8/2/17. For the current quarter the company has high EPS estimates of $-0.01 in contradiction of has low EPS estimates of $-0.01. However a year ago for the same quarter the company has reported $-0.01 EPS. Current year EPS projections for Vereit Inc (NYSE:VER) set at $-0.02 according to the sentiments of 1 analyst, while its lowest earnings estimates are $-0.02 and highest earnings estimates are $-0.02.
According to 8 analysts, Vereit Inc (NYSE:VER)’s revenue estimates for the current quarter are $310.75M meanwhile the company has high revenue estimates of $339.92M in contradiction of low revenue estimates of $292.53M. For the current year the company’s revenue estimates are $1.25B compared to low analyst estimates of $1.18B and high estimates of $1.38B according to the projection of 7 analysts.