Trade-Ideas LLC identified

VEREIT

(

VER

) as a post-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified VEREIT as such a stock due to the following factors:

  • VER has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $90.3 million.
  • VER is down 2.8% today from today's close.

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More details on VER:

VEREIT, Inc. is a publicly owned real estate investment trust. It owns and acquires single tenant, freestanding commercial real estate that is net leased on a medium-term basis, primarily to investment grade credit rated and other creditworthy tenants. The stock currently has a dividend yield of 5.1%. Currently there are no analysts that rate VEREIT a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for VEREIT has been 6.6 million shares per day over the past 30 days. VEREIT has a market cap of $9.8 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.81 and a short float of 1.6% with 1.47 days to cover. Shares are up 39.6% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates VEREIT as a

hold

. The company's strengths can be seen in multiple areas, such as its solid stock price performance and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow.

Highlights from the ratings report include:

  • Compared to its closing price of one year ago, VER's share price has jumped by 26.67%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
  • VEREIT INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, VEREIT INC continued to lose money by earning -$0.43 versus -$1.44 in the prior year. This year, the market expects an improvement in earnings (-$0.16 versus -$0.43).
  • VER, with its decline in revenue, underperformed when compared the industry average of 10.4%. Since the same quarter one year prior, revenues slightly dropped by 3.7%. The declining revenue appears to have seeped down to the company's bottom line, decreasing earnings per share.
  • Net operating cash flow has decreased to $178.61 million or 22.38% when compared to the same quarter last year. Despite a decrease in cash flow VEREIT INC is still fairing well by exceeding its industry average cash flow growth rate of -65.75%.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income has significantly decreased by 277.3% when compared to the same quarter one year ago, falling from -$29.97 million to -$113.09 million.

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