Cubist Systematic Strategies LLC lifted its holdings in Vereit Inc (NYSE:VER) by 169.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,143 shares of the financial services provider’s stock after buying an additional 68,041 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Vereit were worth $897,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in VER. WINTON GROUP Ltd bought a new position in Vereit during the 2nd quarter valued at about $100,000. Strid Group LLC bought a new position in Vereit during the 2nd quarter valued at about $105,000. Ffcm LLC bought a new position in Vereit during the 3rd quarter valued at about $111,000. Sheaff Brock Investment Advisors LLC lifted its stake in Vereit by 26.8% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 14,033 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 2,969 shares during the period. Finally, Quantitative Systematic Strategies LLC bought a new position in Vereit during the 3rd quarter valued at about $117,000. 85.18% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have issued reports on VER. Zacks Investment Research cut shares of Vereit from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. ValuEngine upgraded shares of Vereit from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Vereit in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.42.
Vereit Inc (NYSE VER) traded down $0.09 during midday trading on Friday, hitting $7.42. 5,270,000 shares of the stock traded hands, compared to its average volume of 9,380,000. Vereit Inc has a 12-month low of $7.39 and a 12-month high of $9.12. The stock has a market cap of $7,230.00, a price-to-earnings ratio of -57.08 and a beta of 0.75. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.60.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be given a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a dividend yield of 7.44%. The ex-dividend date is Thursday, December 28th. Vereit’s payout ratio is currently -423.08%.
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VEREIT, Inc is a full-service real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. It operates through two segments: real estate investment (REI) segment and its investment management segment, Cole Capital.
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