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In those cases, companies will sometimes do a reverse stock split, in which they exchange one share of stock at a higher price for several shares at the current, lower price. It is the opposite of ...
VEREIT, Inc. was a real estate investment trust headquartered in Phoenix, Arizona that invested in single-tenant retail, restaurant, office and industrial properties. As of December 31, 2020, the company owned 3,831 properties with an aggregate of 89.7 million square feet. [1]
The company has split its stock twice in the last five years: a 4-for-1 split in 2021 followed by a 10-for-1 split in June of this year, bringing its share price to a more affordable $118.
A stock split doesn't change the overall market value of a company or anything fundamental -- but through the issuance of more shares to current holders, it lowers the per-share price.
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
The "reverse stock split" appellation is a reference to the more common stock split in which shares are effectively divided to form a larger number of proportionally less valuable shares. New shares are typically issued in a simple ratio, e.g. 1 new share for 2 old shares, 3 for 4, etc. A reverse split is the opposite of a stock split.
The stock-split stock that can be bought hand over fist in February: Sony Group On one end of the spectrum is a time-tested business that's still ripe for the picking by opportunistic long-term ...
REITs invest in real estate, lease it to tenants and trade on the stock market like a stock. They’re a favorite with investors because of their high dividends and strong record of growth.