VER - Shares of VEREIT Inc. (VER) Rise Above Previous 52-Week High
VEREIT Inc. (NYSE:VER) traded today at a new 52-week high of $51.73. So far today approximately 647,000 shares have been exchanged, as compared to an average 30-day volume of 1.9 million shares.
VEREIT Inc. (NYSE:VER) is currently priced 29.2% above its average consensus analyst price target of $36.56.
VEREIT Inc is a real estate investment trust primarily involved in the ownership of property located in the U.S. and Canada. VEREIT organizes its operations through the Real Estate Investment segment and the investment management segment. The company derives the vast majority of its income from its Real Estate Investment division in the form of rental income from long-term leases. This business unit owns and manages a real estate portfolio that is fairly evenly diversified between retail, restaurant, office, and industrial properties. A sizable amount of the company's total rental income is derived from customers in the casual dining restaurant and manufacturing industries.
In the past 52 weeks, VEREIT Inc. share prices are bracketed by a low of $30.05 and a high of $51.73 and is now at $51.68, 72% above that low price.
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