In a report released today, Vikram Malhorta from Morgan Stanley maintained a Hold rating on VEREIT Inc (VER – Research Report), with a price target of $9.50. The company’s shares closed last Monday at $9.74, close to its 52-week high of $9.94.
According to TipRanks.com, Malhorta is a 3-star analyst with an average return of 3.0% and a 62.9% success rate. Malhorta covers the Financial sector, focusing on stocks such as Senior Housing Properties Trust, New Senior Investment Group, and National Retail Properties.
VEREIT Inc has an analyst consensus of Hold, with a price target consensus of $9.13.
Based on VEREIT Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $286 million. In comparison, last year the company had a GAAP net loss of $72.68 million.
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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 though the following segments: Real Estate Investment and Cole Capital.