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VEREIT, Inc. (VER)

NYSE - NYSE Delayed Price. Currency in USD
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40.58-0.34 (-0.83%)
At close: 4:00PM EDT
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  • J
    Jean
    I think we can anticipate additional dividend increases as the year progresses with the current payment so low.
    This should bring the SP up smartly. Interest rates this year probably won't be a factor until later in 4Q but
    it's something to keep a sharp eye on. Time for VER to shine! The market should recognize the scale of the
    portfolio and the progress of increasing earnings. Growth is on the agenda for 2021!
  • g
    george
    Great report today and 20% increase to dividend. I bought this on the way down at the start of pandemic for the 7% yield before div cut. With the latest increase I am above 4% yield on my basis. Much less painful now and can comfortably hold for a good long while. Current price yields 4.8% ish dividend yield. Future looking much better here and decent inflation hedge from my perspective.
  • J
    Jean
    We seem to be the blunt end of the shorts today. Stock is not showing any strength which is
    curious since the main heartaches of the past have been cleared. We should be positioned for
    a strong 2021 but no market interest?
  • D
    David
    Did anyone get a 1099 for the settlement distribution? Are we supposed to get one? Thanks for the feedback
  • J
    Jean
    Does anyone think there will be another settlement check?
  • P
    Philip
    I just received my ARCP settlement checks today vis USPS. I held the stock in 5 accounts and received 5 separate checks. Letter states this is my "initial distribution of the Net Settlement Fund". No insight provided into what that means. Checks are for 62% to 66% of what I guesstimated I would receive. I am guessing this "initial distribution" is for 2/3 of my expected final settlement.
  • J
    Jean
    Hopefully we will see a modest dividend increase in 2020 as growth resumes
  • S
    Skippy
    Talked to settlement admin today and checks are expected to go out 1st quarter of 2021.
  • s
    smb
    snapshot looks good to me. Why does the market see it as bad?? They are doing as expected and moving in the right direction. If anything they should be up a percent not down on that news.
  • s
    smb
    stock has been doing better than O percentage wise over past month and 3 months. So I think it has a good chance to have the market treat it for what it is worth and not past mistakes.
  • D
    David
    If anyone gets distribution from settlement, please post when you received it. My guess is towards the end of this year or early next year. Thanks
  • D
    Dt
    VER just sold cole Capital. Earnings from Cole have lagged, so perhaps the revenue will be of more immediate value to VER. VER should also sell itself. They've said they would entertain suitors. That might be in the not to distant window. Could see Realty income picking them up. Hope so.
  • A
    Anonymous
    is anyone holding the stock after the split , if you have 10,000 at closing price if 7.63 its worth 76,000..After split assuming its 5 for 1 that equals 38.00 or 2000 shares valued the same .Does anyone feel this stock will double at that valuation. These splits are designed to screw the shareholders. Just asking
    Thanks
  • T
    Terry L
    New one year high today on big volume. Lower interest help but VER is still undervalued compared to its peers NNN, O, WPC and others.
  • J
    Jean
    This is why lawyers are so hated. I sent an inquiry to the law firm about the settlement. This is what I got back. My guess: they have 2 Jr clerks processing the claims; This is one of the most outrageous answers I've ever seen. I guess this poor law firm is doing this by hand instead of using these new marvelous inventions called computers. The longer it takes my put is the more money they will charge. Hopefully, most of us will still be alive to collect.

    "We are currently processing claims for this matter. Processing time on our cases can take an average of 9 to 12 months from the January 23, 2020 submission deadline. Once processing is complete, we must then wait for authorization from Lead Counsel and/or the Court before we can distribute the funds which can take several additional months.

    Please understand that this is an estimated timeframe for processing based on our experience which does not guarantee that all case processing will be completed within twelve months. Processing time varies from case to case and some cases may take more or less based on the specifics of that case settlement. "
  • a
    adrian
    Nearly 8% dividend, without any payment cuts this is hard to ignore
  • J
    John Kennedy
    VER is it time in 2019 for finally some growth in the stock price?
    The lawsuits appear to be coming to an end? Does any know if this is correct?
  • P
    PanGame
    People are losing mind.
    VEREIT OWNS retailers Yes like Red lobster, but they also own Starbucks , Walgreens....and distribution centers like Amazon...if they a Corporate backed leases that means they pay rent regardless if individual stores close ...yes I know if they file for bankruptcy they may not have to pay...but if all these companies file BK no need to stock up on TP just use the money in your wallet.
  • T
    Terry L
    Moody's Moody's December 3, 2019
    Moody's Investors Service ("Moody's") changed the outlook to positive from stable for VEREIT Operating Partnership, L.P. ("VEREIT"), the main operating subsidiary of VEREIT, Inc. In the same rating action, Moody's affirmed the senior unsecured debt rating and its senior unsecured shelf rating at Baa3 and (P)Baa3, respectively.
  • J
    Jose
    A crop of REIT upgrades/downgrades from Bank of America Merrill Lynch:Brandywine Realty Trust (NYSE:BDN) cut to underperform from neutral.Kimco (NYSE:KIM) boosted to buy from neutral; KIM rises 0.9% i
    A crop of REIT upgrades/downgrades from Bank of America Merrill Lynch:Brandywine Realty Trust (NYSE:BDN) cut to underperform from neutral.Kimco (NYSE:KIM) boosted to buy from neutral; KIM rises 0.9% i
    seekingalpha.com