Morgan Stanley (NYSE:MS) analyst Vikram Malhorta maintained a Hold rating on VEREIT (NYSE:VER) on Friday, setting a price target of $6.3, which is approximately 5.97% below the present share price of $6.7.
Malhorta expects VEREIT to post earnings per share (EPS) of $0.07 for the third quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in VEREIT, with an average price target of $7.02.
The analysts price targets range from a high of $8 to a low of $6.3.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $299.18 million and a net profit of $135.65 million. The company's market cap is $7.22 billion.
According to TipRanks.com, Morgan Stanley analyst Vikram Malhorta is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -3.1% and a 52.46% success rate.
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.