|Bid||25.44 x 1200|
|Ask||25.45 x 1400|
|Day's Range||25.44 - 25.49|
|52 Week Range||18.64 - 25.86|
|Beta (5Y Monthly)||1.11|
|PE Ratio (TTM)||35.40|
|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.