Sigma Planning Corp lowered its stake in shares of Vereit Inc (NYSE:VER) by 27.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,626 shares of the financial services provider’s stock after selling 20,282 shares during the quarter. Sigma Planning Corp’s holdings in Vereit were worth $418,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of VER. Stifel Financial Corp purchased a new stake in shares of Vereit during the second quarter worth $168,000. HighTower Advisors LLC increased its position in shares of Vereit by 5.8% during the second quarter. HighTower Advisors LLC now owns 32,865 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 1,795 shares during the period. Janus Henderson Group PLC increased its position in shares of Vereit by 28.5% during the second quarter. Janus Henderson Group PLC now owns 170,716 shares of the financial services provider’s stock worth $1,390,000 after acquiring an additional 37,837 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of Vereit during the second quarter worth $293,000. Finally, Cubist Systematic Strategies LLC increased its position in shares of Vereit by 74.2% during the second quarter. Cubist Systematic Strategies LLC now owns 40,102 shares of the financial services provider’s stock worth $326,000 after acquiring an additional 17,075 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.
Vereit Inc (NYSE:VER) opened at $7.08 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.37. The company has a market cap of $6,900.00, a price-to-earnings ratio of -54.46 and a beta of 0.65. Vereit Inc has a 12 month low of $6.62 and a 12 month high of $9.12.
A number of analysts have recently weighed in on the company. ValuEngine lowered Vereit from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Stifel Nicolaus reiterated a “hold” rating on shares of Vereit in a research note on Wednesday, November 1st. Finally, Zacks Investment Research downgraded shares of Vereit from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $9.42.
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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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