VER - Watch for Continued Gains in Shares of VEREIT Inc. (VER)
Shares of VEREIT Inc. (NYSE:VER) traded today at $41.24, eclipsing its 52-week high. Approximately 268,000 shares have changed hands today, as compared to an average 30-day volume of 1.7 million shares.
VEREIT Inc. (NYSE:VER) is currently priced 0.8% above its average consensus analyst price target of $40.25.
In the past 52 weeks, shares of VEREIT Inc. have traded between a low of $21.90 and a high of $41.24 and is now at $40.56, which is 85% above that low price.
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.
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