VEREIT Inc. (NYSE:VER) is reporting third quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.04 per share.
For the full year, analysts predict revenues of $ 1135.96 million, while looking forward to income of $ 0.19 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.64 ~ $ 0.66 per share
Click Here For More Historical Outlooks Of VEREIT Inc.
Previous Quarter Performance
VEREIT Inc. recorded income for the second quarter of $ 0.15 per share, from the revenue of $ 278.58 million. The consensus estimates are $ 282.68 million in revenue The top line results fell short of analysts by $ 4.1 million or 1.45 percent.
Stock Performance
Shares of VEREIT Inc. traded low $ -0.10 or -1.50 percent on Wednesday, reaching $ 6.56 with volume of 6.09 million shares. VEREIT Inc. has traded high as $ 6.66 and has cracked $ 6.48 on the downward trend
The closing price of $ 6.56, representing a 87.08 % increase from the 52 week low of $ 3.56 and a 34.58 % decrease over the 52 week high of $ 10.18.
The company has a market capital of $ 7.07 billion and is part of the Real Estate sector and REIT – Diversified industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.077 per share on August 5, 2020. The dividend were payable on October 15, 2020 to holders of record as of the close of business on September 30, 2020 and ex-dividend date on September 29, 2020.
Conference Call
VEREIT Inc. will be hosting a conference call at 1:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.vereit.com
VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has total real estate investments of $15.6 billion including approximately 4,000 properties and 94.7 million square feet. VEREITs business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.
