The shares of VEREIT, Inc. (NYSE:VER) has been pegged with a rating of Outperform by Robert W. Baird in its latest research note that was published on October 23rd, 2018. Robert W. Baird wasn’t the only research firm that published a report of VEREIT, Inc., with other equities research analysts also giving their opinion on the stock. Evercore ISI advised investors in its research note published on May 21st, 2018, to In-line the VER stock. The stock had earned Mkt Outperform rating from JMP Securities when it published its report on January 9th, 2017. The stock was given Neutral rating by Mizuho in its report released on October 14th, 2016, the day when the price target on the stock was placed at $9.50. CapitalOne was of a view that VER is Overweight in its latest report on August 5th, 2016. CapitalOne thinks that VER is worth Equal Weight rating. This was contained in the firm’s report on December 21st, 2015.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 3 believe it has the potential for further growth, thus rating it as Hold while 1 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $8.36. The price of the stock the last time has raised by 21.17% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 66.16.
The shares of the company added by 3.13% during the trading session on Thursday, reaching a low of $7.515 while ending the day at $7.90. During the trading session, a total of 13.99 million shares were traded which represents a -43.91% decline from the average session volume which is 9.72M shares. VER had ended its last session trading at 7.66. VEREIT, Inc. currently has a market cap of $7.65B while its P/E earnings growth sits at 6.06, with a beta of 0.53. VEREIT, Inc. debt-to-equity ratio currently stands at 0.82, while its quick ratio hovers at . VER 52-week low price stands at $6.52 while its 52-week high price is $8.09.
The VEREIT, Inc. generated $289.03 million in revenue during the last quarter, which is slightly lower than the $291.19 million predicted by analysts. VEREIT, Inc. has the potential to record -0.20 EPS for the current fiscal year, according to equities analysts.
Investment analysts at BofA/Merrill published a research note on November 16th, 2018 where it informed investors and clients that The Home Depot, Inc. (NYSE:HD) is now rated as Neutral. Evercore ISI also rated HD as Downgrade on May 21st, 2018, with its price target of $52 suggesting that HD could surge by 14.51% from its current share price. Even though the stock has been trading at $175.30/share, analysts expect it to surge higher by 0.38% to reach $205.83/share. It started the day trading at $176.04 and traded between $170.455 and $175.96 throughout the trading session.
A look at its technical shows that HD’s 50-day SMA is 184.25 while its 200-day SMA stands at 189.48. The stock has a high of $215.43 for the year while the low is $167.00. The company’s P/E ratio currently sits at 18.70, while the P/B ratio is 151.69. The company’s average trading volume currently stands at 5.62M shares, which means that the short-interest ratio is just 1.45 days. Over the past seven days, the company moved, with its shift of -0.83%. Looking further, the stock has dropped -14.54% over the past 90 days while it lost -10.30% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more HD shares, increasing its portfolio by +0.35% during the last quarter. This move now sees The Vanguard Group Inc purchasing 287,176 shares in the last quarter, thus it now holds 81,207,852 shares of HD, with a total valuation of $14,282,837,010. Capital Research Management Co meanwhile sold more HD shares in the recently filed quarter, changing its stake to $9,993,320,795 worth of shares. SSgA Funds Management Inc followed the path by increasing its HD portfolio by +7.83% in the quarter. This means that SSgA Funds Management Inc bought 3,901,619 shares in the last quarter and now controls 53,761,018 shares of the HD stock, with the valuation hitting $9,455,487,846.
Similarly, Fidelity Management Research Co increased its The Home Depot, Inc. shares by +2.92% during the recently filed quarter. After buying 801,126 shares in the last quarter, the firm now controls 28,226,668 shares of The Home Depot, Inc. which are valued at $4,964,506,368. In the same vein, Capital Research Management Co decreased its The Home Depot, Inc. shares by during the most recent reported quarter. The firm sold -2,780,350 shares during the quarter which decreased its stakes to 17,027,634 shares and is now valued at $2,994,820,268. Following these latest developments, around 0.11% of The Home Depot, Inc. stocks are owned by institutional investors and hedge funds.