Short Interest Worth Mentioning Today: What’s Ahead for Vereit Incorporated (NYSE:VER) After Less Shorted Shares?

November 18, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Worth Mentioning Today: What’s Ahead for Vereit Incorporated (NYSE:VER) After Less Shorted Shares?

The stock of Vereit Incorporated (NYSE:VER) registered a decrease of 9.92% in short interest. VER’s total short interest was 12.70M shares in November as published by FINRA. Its down 9.92% from 14.10M shares, reported previously. With 8.26M shares average volume, it will take short sellers 2 days to cover their VER’s short positions. The short interest to Vereit Incorporated’s float is 1.41%. The stock last traded at $8.27 per share. It is down 9.32% since April 18, 2016 and is downtrending. It has underperformed by 13.75% the S&P500.

VEREIT, Inc. is a full-service real estate operating company. The company has a market cap of $7.96 billion. The Firm owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets, including 4,291 properties totaling approximately 98.7 million square feet. It currently has negative earnings.

Vereit Inc (NYSE:VER) Ratings Coverage

Out of 6 analysts covering VEREIT Inc (NYSE:VER), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. VEREIT Inc has been the topic of 6 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by JP Morgan given on Friday, November 6. The rating was initiated by DA Davidson on Thursday, September 17 with “Neutral”. The firm has “Equal Weight” rating given on Monday, December 21 by CapitalOne. Mizuho initiated the shares of VER in a report on Friday, October 14 with “Neutral” rating. The rating was upgraded by Capital One to “Overweight” on Friday, August 5. Goldman Sachs initiated the stock with “Buy” rating in Tuesday, September 1 report.

VER Company Profile

VEREIT, Inc., incorporated on December 2, 2010, is a full-service real estate operating company. The Firm owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets, including 4,378 properties totaling approximately 99.0 million square feet. In addition, the Company manages real estate investments on behalf of the Cole Capital.

More recent Vereit Inc (NYSE:VER) news were published by: Seekingalpha.com which released: “A Big Win For VEREIT” on November 16, 2016. Also Reuters.com published the news titled: “Fitch Assigns First-Time Ratings to VEREIT, Inc.” on November 15, 2016. Prnewswire.com‘s news article titled: “VEREIT® Announces Monthly Series F Preferred Stock Dividend for January 2017 …” with publication date: November 08, 2016 was also an interesting one.

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