Sigma Planning Corp Sells 20,282 Shares of Vereit Inc (VER)

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.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/02/16/sigma-planning-corp-sells-20282-shares-of-vereit-inc-ver.html.

About Vereit

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.

Want to see what other hedge funds are holding VER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vereit Inc (NYSE:VER).

Institutional Ownership by Quarter for Vereit (NYSE:VER)

Receive News & Ratings for Vereit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vereit and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply