Previous Close | 25.51 |
Open | 25.49 |
Bid | 25.44 x 1200 |
Ask | 25.45 x 1400 |
Day's Range | 25.44 - 25.49 |
52 Week Range | 18.64 - 25.86 |
Volume | 2,767 |
Avg. Volume | 26,314 |
Market Cap | 9.531B |
Beta (5Y Monthly) | 1.11 |
PE Ratio (TTM) | 35.40 |
EPS (TTM) | 0.72 |
Earnings Date | N/A |
Forward Dividend & Yield | 1.68 (6.59%) |
Ex-Dividend Date | Apr 29, 2021 |
1y Target Est | N/A |
VEREIT, Inc. (NYSE: VER) ("VEREIT" or the "Company") announced that it expects to issue, jointly with its operating partnership, VEREIT Operating Partnership, L.P. (the "Operating Partnership"), its First Quarter 2021 Quarterly Report on Form 10-Q on Thursday, May 6, 2021.
The ratings upgrade reflect the company's resilient and improved portfolio as one of the largest owners of good-quality net lease assets in the US, strengthened balance sheet, and better access to capital for growth. The challenges posed by Covid-19 (coronavirus) pandemic pressured the REITs occupancy and cash flow in 2020, due from rent deferrals and lower rent collection rates at the onset of the outbreak.
VEREIT just rewarded investors with a big dividend boost, which could be a sign of positive things to come.