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VEREIT - A Good Stock For Call options -

Sep, 14th 04:00

VEREIT, Inc. (NYSE:VER) has been a major disappointment in 2015. VEREIT, which was formerly known as the commercial real estate investment trust American Realty Capital Properties, is however looking back on a wild past.

VEREIT’s new CEO Glenn J. Rufrano bought 120,000 shares for an average price of $8.19 on August 24, 2015. The total transaction was valued at close to a million dollars. Buying shares in the company you lead is a way of demonstrating your confidence in the company’s growth potential, and it also aligns management’s interests with shareholders’ interests. That’s a win-win.

At the beginning of September, Goldman Sachs assigned a “BUY” rating to VEREIT’s stock, arguing that the REIT is relatively undervalued, and significantly so. Goldman Sachs’ price target of $9.50 implies ~19% upside based on VEREIT’s closing price of $8.00 on Friday.

So considering the overall outlook, we definitely see this stock a good option for call trades in medium to long term.

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