VEREIT (VER) Receives a Hold from Morgan Stanley


In a report released today, Vikram Malhorta from Morgan Stanley maintained a Hold rating on VEREIT (VER), with a price target of $36.00. The company’s shares closed last Monday at $37.00.

According to TipRanks.com, Malhorta is a 2-star analyst with an average return of 0.7% and a 53.5% success rate. Malhorta covers the Financial sector, focusing on stocks such as Diversified Healthcare Trust, New Senior Investment Group, and National Retail Properties.

VEREIT has an analyst consensus of Hold, with a price target consensus of $36.75.

See today’s analyst top recommended stocks >>

Based on VEREIT’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $295 million and net profit of $97.93 million. In comparison, last year the company earned revenue of $303 million and had a GAAP net loss of $726 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

VEREIT, Inc. operates as a real estate investment trust, which provides real estate investment services. It owns and manages the portfolios of single-tenant commercial properties in the U.S. The company operates through the following segments: Real Estate Investment and Cole Capital. The Real Estate Investment segment acquires, owns and operates single tenant, freestanding, commercial real estate properties, primarily subject to long term net leases with high credit quality tenants. The Cole Capital segment engages in raising capital for and managing the affairs of certain non-traded real estate investment trusts. VEREIT was founded on December 2, 2010 and is headquartered in Phoenix, AZ.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts