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Recommendations
Vereit price target raised to $44 from $39 at Mizuho » 06:25
03/04/21
03/04
06:25
03/04/21
06:25
VER

Vereit

$39.21 /

+0.16 (+0.41%)

Mizuho analyst Haendel…

Mizuho analyst Haendel St. Juste raised the firm's price target on Vereit to $44 from $39 and keeps a Buy rating on the shares. The analyst downgraded the Triple Net sector Equal-weight from Overweight. St. Juste is bullish on the U.S. economic recovery and sees an "earnings bounce" following 2020's Covid disruption. However, the economic resurgence has led to a 55 basis point rise in the 10-year yield year-to-date, "unnerving some and raising questions" of whether triple nets can work in a rising rate environment, St. Juste tells investors in a research note. The analyst thinks it is "prudent to take a few chips off the Triple Net table" given the companies' sensitivity to rates.

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VER Vereit
$39.21 /

+0.16 (+0.41%)

VER Vereit
$39.21 /

+0.16 (+0.41%)

02/25/21 Capital One
Vereit upgraded to Overweight from Equalweight at Capital One
01/22/21 Goldman Sachs
Vereit resumed with a Sell at Goldman Sachs
01/14/21 Mizuho
Vereit upgraded to Buy from Neutral at Mizuho
12/21/20 JPMorgan
JPMorgan changes ratings in REIT, Real Estate Services sectors into 2021
VER Vereit
$39.21 /

+0.16 (+0.41%)

Upgrade
Vereit upgraded to Overweight from Equalweight at Capital One » 08:55
02/25/21
02/25
08:55
02/25/21
08:55
VER

Vereit

$40.23 /

+1.9 (+4.96%)

Capital One analyst Chris…

Capital One analyst Chris Lucas upgraded Vereit to Overweight from Equalweight with a $48 price target.

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VER Vereit
$40.23 /

+1.9 (+4.96%)

VER Vereit
$40.23 /

+1.9 (+4.96%)

01/22/21 Goldman Sachs
Vereit resumed with a Sell at Goldman Sachs
01/14/21 Mizuho
Vereit upgraded to Buy from Neutral at Mizuho
12/21/20 JPMorgan
JPMorgan changes ratings in REIT, Real Estate Services sectors into 2021
12/21/20 JPMorgan
Vereit downgraded to Neutral from Overweight at JPMorgan
VER Vereit
$40.23 /

+1.9 (+4.96%)

Earnings
Vereit sees FY21 AFFO $3.20-$3.30, consensus $3.23 » 06:20
02/24/21
02/24
06:20
02/24/21
06:20
VER

Vereit

$38.33 /

+1.18 (+3.18%)

Sees FY21 average…

Sees FY21 average occupancy averaging between 97% and 98%. Sees FY21 net debt to normalized EBITDA: 5.5x to 6.0x.

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VER Vereit
$38.33 /

+1.18 (+3.18%)

VER Vereit
$38.33 /

+1.18 (+3.18%)

01/22/21 Goldman Sachs
Vereit resumed with a Sell at Goldman Sachs
01/14/21 Mizuho
Vereit upgraded to Buy from Neutral at Mizuho
12/21/20 JPMorgan
JPMorgan changes ratings in REIT, Real Estate Services sectors into 2021
12/21/20 JPMorgan
Vereit downgraded to Neutral from Overweight at JPMorgan
VER Vereit
$38.33 /

+1.18 (+3.18%)

Earnings
Vereit reports Q4 AFFO 76c, consensus 77c » 06:18
02/24/21
02/24
06:18
02/24/21
06:18
VER

Vereit

$38.33 /

+1.18 (+3.18%)

Reports Q4 revenue…

Reports Q4 revenue $287.9M, consensus $295.2M. Glenn Rufrano, CEO, stated, "We have had consistently high rent collections from the beginning of the pandemic and will diligently work to continue this success. By year end 2020, we moved to increase acquisition volume and are once again on offense. Bolstered by our $500 million in cash from both cash flow and equity raised, we are not dependent on external funding to achieve our 2021 volume estimates. Our acquisition model has a number of channels to find opportunities providing portfolio quality and AFFO growth. With the breadth of irons we have in the fire, our team has confidence in our guidance expectations, which includes AFFO growth of approximately 4.5% for 2021."

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VER Vereit
$38.33 /

+1.18 (+3.18%)

VER Vereit
$38.33 /

+1.18 (+3.18%)

01/22/21 Goldman Sachs
Vereit resumed with a Sell at Goldman Sachs
01/14/21 Mizuho
Vereit upgraded to Buy from Neutral at Mizuho
12/21/20 JPMorgan
JPMorgan changes ratings in REIT, Real Estate Services sectors into 2021
12/21/20 JPMorgan
Vereit downgraded to Neutral from Overweight at JPMorgan
VER Vereit
$38.33 /

+1.18 (+3.18%)

Initiation
Vereit resumed with a Sell at Goldman Sachs » 04:55
01/22/21
01/22
04:55
01/22/21
04:55
VER

Vereit

$35.91 /

-0.49 (-1.35%)

Goldman Sachs analyst…

Goldman Sachs analyst Caitlin Burrows resumed coverage of Vereit with a Sell rating and $32 price target. While portfolio and balance sheet improvements helped to strengthen Vereit's current portfolio, the company still compares less favorably than net lease peers on various metrics, including leverage and near-term lease expirations, Burrows tells investors in a research note.

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VER Vereit
$35.91 /

-0.49 (-1.35%)

VER Vereit
$35.91 /

-0.49 (-1.35%)

01/14/21 Mizuho
Vereit upgraded to Buy from Neutral at Mizuho
12/21/20 JPMorgan
JPMorgan changes ratings in REIT, Real Estate Services sectors into 2021
12/21/20 JPMorgan
Vereit downgraded to Neutral from Overweight at JPMorgan
10/12/20 Morgan Stanley
Broadstone Net Lease initiated with an Overweight at Morgan Stanley
VER Vereit
$35.91 /

-0.49 (-1.35%)

Over a quarter ago
Upgrade
Vereit upgraded to Buy from Neutral at Mizuho » 07:04
01/14/21
01/14
07:04
01/14/21
07:04
VER

Vereit

$35.58 /

+0.05 (+0.14%)

Mizuho analyst Haendel…

Mizuho analyst Haendel St. Juste upgraded Vereit to Buy from Neutral with a price target of $39, up from $35. The analyst sees improving risk/reward and re-rating potential given the company's better liquidity profile and "de-risked" 2021 external growth potential.

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VER Vereit
$35.58 /

+0.05 (+0.14%)

VER Vereit
$35.58 /

+0.05 (+0.14%)

12/21/20 JPMorgan
JPMorgan changes ratings in REIT, Real Estate Services sectors into 2021
12/21/20 JPMorgan
Vereit downgraded to Neutral from Overweight at JPMorgan
10/12/20 Morgan Stanley
Broadstone Net Lease initiated with an Overweight at Morgan Stanley
09/29/20 Mizuho
Vereit price target raised to $7 from $5 at Mizuho
VER Vereit
$35.58 /

+0.05 (+0.14%)

Hot Stocks
Vereit announces December rent collection of 97% » 08:17
01/05/21
01/05
08:17
01/05/21
08:17
VER

Vereit

$35.62 /

-2.21 (-5.84%)

Vereit has received rent…

Vereit has received rent of approximately 97% for December, which includes approximately 2% to be paid in arrears by a Government agency tenant and is in line with October and November rent collection.

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VER Vereit
$35.62 /

-2.21 (-5.84%)

VER Vereit
$35.62 /

-2.21 (-5.84%)

12/21/20 JPMorgan
JPMorgan changes ratings in REIT, Real Estate Services sectors into 2021
12/21/20 JPMorgan
Vereit downgraded to Neutral from Overweight at JPMorgan
10/12/20 Morgan Stanley
Broadstone Net Lease initiated with an Overweight at Morgan Stanley
09/29/20 Mizuho
Vereit price target raised to $7 from $5 at Mizuho
VER Vereit
$35.62 /

-2.21 (-5.84%)

Recommendations
JPMorgan changes ratings in REIT, Real Estate Services sectors into 2021 » 08:23
12/21/20
12/21
08:23
12/21/20
08:23
WELL

Welltower

$64.05 /

-1.855 (-2.81%)

, HTA

Healthcare Trust

$27.35 /

-0.065 (-0.24%)

, STAG

STAG Industrial

$30.44 /

-1.09 (-3.46%)

, EXR

Extra Space Storage

$112.56 /

-1.5 (-1.32%)

, VER

Vereit

$37.84 /

-154.61 (-80.34%)

, EPR

EPR Properties

$32.17 /

-1.125 (-3.38%)

, RPT

RPT Realty

$8.34 /

-0.39 (-4.47%)

, WRI

Weingarten Realty

$21.48 /

-0.79 (-3.55%)

, MAC

Macerich

$10.52 /

-0.595 (-5.35%)

, AVB

AvalonBay

$158.53 /

-4.72 (-2.89%)

, ACC

American Campus

$42.25 /

-1.3 (-2.99%)

, RLGY

Realogy

$14.89 /

-0.16 (-1.06%)

, RMAX

RE/MAX Holdings

$37.77 /

-0.565 (-1.47%)

, KRC

Kilroy Realty

$56.54 /

-3.64 (-6.05%)

, BXP

Boston Properties

$96.26 /

-4.02 (-4.01%)

JPMorgan analysts Anthony…

JPMorgan analysts Anthony Paolone and Michael Mueller made a number of rating changes in the REITs and Real Estate Services sector as part of their outlook for 2021. In health care, they upgraded Welltower (WELL) to Overweight from Neural and downgraded Healthcare Trust of America (HTA) to Neutral from Overweight. The upgrade is driven by an expectation that investment activity is going to "significantly ramp-up at the margin" amid the vaccine rollout. In industrial, the analysts downgraded STAG Industrial (STAG) to Neutral as they prefer some other stocks with higher core growth prospects. In self storage, the analysts upgraded Extra Space Storage (EXR) to Overweight saying the company is executing on higher yielding, accretive, investments, in addition to traditional acquisitions. Paolone and Mueller are bullish on net lease real estate investment tursts going into 2021 and finds the property type to be among the most attractive in the group. They downgraded Vereit (VER) to Neutral and EPR Properties (EPR) to Underweight on valuation. In retail, the analysts made some rating changes to better reflect their "marginally more positive" stance on some of the strip centers and most cautious outlook on the mall sector. They upgraded RPT Realty (RPT) and Weingarten Realty (WRI) to Neutral and downgraded Macerich (MAC) to Underweight. In residential, the analysts downgraded AvalonBay (AVB) to Neutral and American Campus Communities (ACC) to Underweight. In residential real estate services, they upgraded both Realogy (RLGY) and RE/MAX Holdings to Neutral saying the "strength in the housing market should have legs." Paolone and Mueller have a bearish view on the office market going into 2021 and downgraded Kilroy Realty (KRC) to Neutral and Boston Properties (BXP) to Underweight.

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WRI Weingarten Realty
$21.48 /

-0.79 (-3.55%)

WELL Welltower
$64.05 /

-1.855 (-2.81%)

VER Vereit
$37.84 /

-154.61 (-80.34%)

STAG STAG Industrial
$30.44 /

-1.09 (-3.46%)

RPT RPT Realty
$8.34 /

-0.39 (-4.47%)

RMAX RE/MAX Holdings
$37.77 /

-0.565 (-1.47%)

RLGY Realogy
$14.89 /

-0.16 (-1.06%)

MAC Macerich
$10.52 /

-0.595 (-5.35%)

KRC Kilroy Realty
$56.54 /

-3.64 (-6.05%)

HTA Healthcare Trust
$27.35 /

-0.065 (-0.24%)

EXR Extra Space Storage
$112.56 /

-1.5 (-1.32%)

EPR EPR Properties
$32.17 /

-1.125 (-3.38%)

BXP Boston Properties
$96.26 /

-4.02 (-4.01%)

AVB AvalonBay
$158.53 /

-4.72 (-2.89%)

ACC American Campus
$42.25 /

-1.3 (-2.99%)

WELL Welltower
$64.05 /

-1.855 (-2.81%)

12/21/20 JPMorgan
Welltower upgraded to Overweight from Neutral at JPMorgan
12/15/20 Citi
Welltower price target raised to $65 from $50 at Citi
12/14/20 KeyBanc
Welltower upgraded to Overweight from Sector Weight at KeyBanc
12/03/20 Scotiabank
Welltower downgraded to Underperform from Sector Perform at Scotiabank
HTA Healthcare Trust
$27.35 /

-0.065 (-0.24%)

12/21/20 JPMorgan
Healthcare Trust downgraded to Neutral from Overweight at JPMorgan
12/15/20 Citi
Healthcare Trust upgraded to Buy from Neutral at Citi
11/03/20 BMO Capital
Healthcare Trust remains 'attractive' risk-reward investment, says BMO Capital
09/01/20 Stifel
Healthcare Trust resumed with a Buy at Stifel
STAG STAG Industrial
$30.44 /

-1.09 (-3.46%)

12/21/20 JPMorgan
STAG Industrial downgraded to Neutral from Overweight at JPMorgan
09/22/20 Baird
STAG Industrial downgraded to Neutral from Outperform at Baird
04/02/20 RBC Capital
STAG Industrial price target lowered to $30 from $35 at RBC Capital
02/27/20
Fly Intel: Top five analyst initiations
EXR Extra Space Storage
$112.56 /

-1.5 (-1.32%)

12/21/20 JPMorgan
Extra Space Storage upgraded to Overweight from Neutral at JPMorgan
12/09/20 Morgan Stanley
Extra Space Storage price target raised to $107 from $94 at Morgan Stanley
11/13/20 KeyBanc
Extra Space Storage upgraded to Overweight from Sector Weight at KeyBanc
11/13/20 KeyBanc
Extra Space Storage upgraded to Overweight from Sector Weight at KeyBanc
VER Vereit
$37.84 /

-154.61 (-80.34%)

12/21/20 JPMorgan
Vereit downgraded to Neutral from Overweight at JPMorgan
10/12/20 Morgan Stanley
Broadstone Net Lease initiated with an Overweight at Morgan Stanley
09/29/20 Mizuho
Vereit price target raised to $7 from $5 at Mizuho
08/24/20 BofA
Spirit Realty, Vereit upgraded to Buy from Neutral at BofA
EPR EPR Properties
$32.17 /

-1.125 (-3.38%)

12/21/20 JPMorgan
EPR Properties downgraded to Underweight from Neutral at JPMorgan
12/11/20 Truist
EPR Properties price target raised to $28 from $27 at Truist
10/13/20 RBC Capital
EPR Properties downgraded to Sector Perform from Outperform at RBC Capital
10/06/20 Truist
EPR Properties downgraded to Hold from Buy at Truist
RPT RPT Realty
$8.34 /

-0.39 (-4.47%)

12/21/20 JPMorgan
RPT Realty upgraded to Neutral from Underweight at JPMorgan
12/15/20 Deutsche Bank
RPT Realty upgraded to Buy with $10 target at Deutsche Bank
12/15/20 Deutsche Bank
RPT Realty upgraded to Buy from Hold at Deutsche Bank
12/14/20 KeyBanc
RPT Realty upgraded to Overweight from Sector Weight at KeyBanc
WRI Weingarten Realty
$21.48 /

-0.79 (-3.55%)

12/21/20 JPMorgan
Weingarten Realty upgraded to Neutral from Underweight at JPMorgan
12/10/20 Wells Fargo
Weingarten Realty upgraded to Overweight at Wells Fargo
12/10/20 Wells Fargo
Weingarten Realty upgraded to Overweight from Equal Weight at Wells Fargo
07/02/20 Citi
Weingarten Realty price target raised to $19 from $14.50 at Citi
MAC Macerich
$10.52 /

-0.595 (-5.35%)

12/21/20 JPMorgan
Macerich downgraded to Underweight from Neutral at JPMorgan
12/15/20 Citi
Macerich downgraded to Sell from Neutral at Citi
12/14/20 KeyBanc
Macerich upgraded to Sector Weight from Underweight at KeyBanc
12/11/20 Truist
Macerich price target raised to $13 from $8.50 at Truist
AVB AvalonBay
$158.53 /

-4.72 (-2.89%)

12/21/20 JPMorgan
AvalonBay downgraded to Neutral from Overweight at JPMorgan
12/15/20 Citi
AvalonBay price target raised to $165 from $160 at Citi
12/10/20 Wells Fargo
AvalonBay upgraded to Overweight at Wells Fargo
12/10/20 Wells Fargo
AvalonBay upgraded to Overweight from Equal Weight at Wells Fargo
ACC American Campus
$42.25 /

-1.3 (-2.99%)

12/21/20 JPMorgan
American Campus downgraded to Underweight from Neutral at JPMorgan
12/15/20 Deutsche Bank
American Campus upgraded to Buy with $49 target at Deutsche Bank
12/15/20 Citi
American Campus price target raised to $43 from $38 at Citi
12/15/20 Deutsche Bank
American Campus upgraded to Buy from Hold at Deutsche Bank
RLGY Realogy
$14.89 /

-0.16 (-1.06%)

12/21/20 JPMorgan
Realogy upgraded to Neutral from Underweight at JPMorgan
12/18/20 Compass Point
Realogy price target raised to $19 from $16 at Compass Point
08/03/20 Zelman
Realogy upgraded to Buy from Hold at Zelman
07/31/20 Evercore ISI
Realogy upgraded to Outperform from In Line at Evercore ISI
RMAX RE/MAX Holdings
$37.77 /

-0.565 (-1.47%)

12/21/20 JPMorgan
RE/MAX Holdings upgraded to Neutral from Underweight at JPMorgan
06/18/20 Zelman
Armstrong World added to Top Idea Basket as a Sell at Zelman
05/08/20
Fly Intel: Top five analyst downgrades
05/08/20
Fly Intel: Top five analyst upgrades
KRC Kilroy Realty
$56.54 /

-3.64 (-6.05%)

12/21/20 JPMorgan
Kilroy Realty downgraded to Neutral from Overweight at JPMorgan
10/19/20 Evercore ISI
Kilroy Realty downgraded to In Line from Outperform at Evercore ISI
07/20/20 Deutsche Bank
Kilroy Realty downgraded to Sell on 'strained' fundamentals at Deutsche Bank
07/20/20 Mizuho
Kilroy Realty price target lowered to $65 from $72 at Mizuho
BXP Boston Properties
$96.26 /

-4.02 (-4.01%)

12/21/20 JPMorgan
Boston Properties downgraded to Underweight from Neutral at JPMorgan
12/15/20 Deutsche Bank
Boston Properties downgraded to Hold from Buy at Deutsche Bank
12/15/20 Citi
Boston Properties price target raised to $105 from $87 at Citi
12/15/20 Deutsche Bank
Boston Properties downgraded to Hold from Buy at Deutsche Bank
WRI Weingarten Realty
$21.48 /

-0.79 (-3.55%)

WELL Welltower
$64.05 /

-1.855 (-2.81%)

VER Vereit
$37.84 /

-154.61 (-80.34%)

STAG STAG Industrial
$30.44 /

-1.09 (-3.46%)

RPT RPT Realty
$8.34 /

-0.39 (-4.47%)

RMAX RE/MAX Holdings
$37.77 /

-0.565 (-1.47%)

RLGY Realogy
$14.89 /

-0.16 (-1.06%)

MAC Macerich
$10.52 /

-0.595 (-5.35%)

KRC Kilroy Realty
$56.54 /

-3.64 (-6.05%)

HTA Healthcare Trust
$27.35 /

-0.065 (-0.24%)

EXR Extra Space Storage
$112.56 /

-1.5 (-1.32%)

EPR EPR Properties
$32.17 /

-1.125 (-3.38%)

BXP Boston Properties
$96.26 /

-4.02 (-4.01%)

AVB AvalonBay
$158.53 /

-4.72 (-2.89%)

ACC American Campus
$42.25 /

-1.3 (-2.99%)

  • 17
    Nov
  • 19
    Feb
  • 14
    Jan
RLGY Realogy
$14.89 /

-0.16 (-1.06%)

STAG STAG Industrial
$30.44 /

-1.09 (-3.46%)

RLGY Realogy
$14.89 /

-0.16 (-1.06%)

WELL Welltower
$64.05 /

-1.855 (-2.81%)

MAC Macerich
$10.52 /

-0.595 (-5.35%)

EPR EPR Properties
$32.17 /

-1.125 (-3.38%)

ACC American Campus
$42.25 /

-1.3 (-2.99%)

Downgrade
Vereit downgraded to Neutral from Overweight at JPMorgan » 04:43
12/21/20
12/21
04:43
12/21/20
04:43
VER

Vereit

$37.84 /

-154.61 (-80.34%)

JPMorgan analyst Anthony…

JPMorgan analyst Anthony Paolone downgraded Vereit to Neutral from Overweight with a $40 price target.

ShowHide Related Items >><<
VER Vereit
$37.84 /

-154.61 (-80.34%)

VER Vereit
$37.84 /

-154.61 (-80.34%)

10/12/20 Morgan Stanley
Broadstone Net Lease initiated with an Overweight at Morgan Stanley
09/29/20 Mizuho
Vereit price target raised to $7 from $5 at Mizuho
08/24/20 BofA
Spirit Realty, Vereit upgraded to Buy from Neutral at BofA
08/24/20 BofA
Vereit upgraded to Buy from Neutral at BofA
VER Vereit
$37.84 /

-154.61 (-80.34%)

Hot Stocks
Vereit reports November rent collection of 97% » 16:19
12/02/20
12/02
16:19
12/02/20
16:19
VER

Vereit

$7.22 /

+0.04 (+0.56%)

Vereit announced its…

Vereit announced its November rent collection and updated transaction activity. Vereit had received rent of approximately 97% for November, which includes approximately 1% to be paid in arrears by a Government agency tenant and is in line with October rent collection of 97%. The company invested $811M of capital year-to-date, including $280M acquired for the institutional partnerships and $300M allocated to the redemption of 6.7% preferred stock. The company is on target for the high end of Q4 2020 to Q1 2021 acquisition pipeline of $150M to $300M with $75M completed quarter-to-date at a cap rate in excess of 7%. The company has sold approximately $53M in office quarter-to-date and has an additional $100M under contract with the total approximate cap rate averaging 6%. Once completed, this will bring total office dispositions for the year to approximately $430M. The company issued $1.2B aggregate principal amount of senior notes with a 2.7% weighted average interest rate and weighted average duration of 10 years providing a low cost of debt capital and leaving no uncovered bond maturities until 2024. Proceeds from the offering have been used primarily to repay the $900.0M credit facility term loan.

ShowHide Related Items >><<
VER Vereit
$7.22 /

+0.04 (+0.56%)

VER Vereit
$7.22 /

+0.04 (+0.56%)

10/12/20 Morgan Stanley
Broadstone Net Lease initiated with an Overweight at Morgan Stanley
09/29/20 Mizuho
Vereit price target raised to $7 from $5 at Mizuho
08/24/20 BofA
Spirit Realty, Vereit upgraded to Buy from Neutral at BofA
08/24/20 BofA
Vereit upgraded to Buy from Neutral at BofA
VER Vereit
$7.22 /

+0.04 (+0.56%)

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