BMO Capital Reaffirms Their Buy Rating on VEREIT (VER)

BMO Capital analyst Jeremy Metz maintained a Buy rating on VEREIT (VERResearch Report) today and set a price target of $11.00. The company’s shares closed last Monday at $4.72.

According to TipRanks.com, Metz is a 3-star analyst with an average return of 0.6% and a 47.4% success rate. Metz covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, Extra Space Storage, and Brixmor Property.

Currently, the analyst consensus on VEREIT is a Moderate Buy with an average price target of $10.50.

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The company has a one-year high of $10.19 and a one-year low of $3.56. Currently, VEREIT has an average volume of 14.96M.

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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.