At the end of the latest market close, VEREIT Inc. (VER) was valued at $6.70. In that particular session, Stock kicked-off at the price of $6.75 while reaching the peak value of $6.905 and lowest value recorded on the day was $6.70. The stock current value is $6.87.
Recently in News on August 20, 2020, VEREIT® Announces Partial Redemption of 6.70% Series F Cumulative Redeemable Preferred Stock and Provides August Rent Collection of 93%. VEREIT, Inc. (NYSE: VER) (“VEREIT”) announced today that it intends to redeem 6,000,000 shares of its 6.70% Series F Cumulative Redeemable Preferred Stock (“Series F Preferred Stock”), representing approximately 24.12% of its approximately 24.9 million shares of Series F Preferred Stock outstanding, on September 20, 2020 (the “Redemption Date”) using proceeds from expected dispositions and cash on hand. The shares of Series F Preferred Stock will be redeemed at a redemption price of $25.00 per share, plus accrued and unpaid dividends from September 15, 2020 to, but not including, the Redemption Date in an amount equal to $0.0232639 per share, for total proceeds of $25.0232639 per share (the “Redemption Price”). Payment of the Redemption Price will be made on September 21, 2020, the first business day after the Redemption Date. As previously announced, VEREIT will pay the cash dividend on the Series F Preferred Stock of $0.1395833 for the period from August 15, 2020 through September 14, 2020 to holders of Series F Preferred Stock as of September 1, 2020, which is the record date for such dividend, on September 15, 2020. You can read further details here
VEREIT Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $10.18 on 02/24/20, with the lowest value was $3.56 for the same time period, recorded on 03/19/20.
VEREIT Inc. (VER) full year performance was -28.36%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, VEREIT Inc. shares are logging -32.51% during the 52-week period from high price, and 93.25% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $3.56 and $10.18.
The company’s shares, operating in the sector of Real Estate managed to top a trading volume set approximately around 4229869 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the VEREIT Inc. (VER) recorded performance in the market was -25.65%, having the revenues showcasing 25.36% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 7.36B, as it employees total of 160 workers.
Market experts do have their say about VEREIT Inc. (VER)
During the last month, 3 analysts gave the VEREIT Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 7 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 6.01, with a change in the price was noted +2.43. In a similar fashion, VEREIT Inc. posted a movement of +54.73% for the period of last 100 days, recording 13,346,643 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for VER is recording 0.90 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.90.
Technical breakdown of VEREIT Inc. (VER)
Raw Stochastic average of VEREIT Inc. in the period of last 50 days is set at 72.58%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 81.41%. In the last 20 days, the company’s Stochastic %K was 71.50% and its Stochastic %D was recorded 77.78%.
Bearing in mind the latest performance of VEREIT Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -25.65%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -20.67%, alongside a downfall of -28.36% for the period of the last 12 months. The shares increased approximately by 2.54% in the 7-day charts and went down by 3.62% in the period of the last 30 days. Common stock shares were driven by 25.36% during last recorded quarter.