Vereit Inc (NYSE:VER) saw a large increase in short interest during the month of January. As of January 12th, there was short interest totalling 26,794,822 shares, an increase of 31.1% from the December 29th total of 20,445,731 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average daily volume of 7,116,571 shares, the short-interest ratio is presently 3.8 days.
Several analysts have recently issued reports on VER shares. ValuEngine downgraded Vereit from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded Vereit from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Vereit in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $9.42.
Shares of Vereit (NYSE:VER) opened at $7.00 on Monday. Vereit has a twelve month low of $6.62 and a twelve month high of $9.12. The firm has a market capitalization of $6,820.00, a price-to-earnings ratio of -53.85 and a beta of 0.65. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60.
Hedge funds have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC increased its stake in shares of Vereit by 6.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,706,212 shares of the financial services provider’s stock valued at $13,889,000 after buying an additional 101,273 shares during the period. Profund Advisors LLC increased its stake in shares of Vereit by 25.8% in the 2nd quarter. Profund Advisors LLC now owns 48,135 shares of the financial services provider’s stock valued at $392,000 after buying an additional 9,860 shares during the period. New York State Common Retirement Fund increased its stake in shares of Vereit by 0.5% in the 2nd quarter. New York State Common Retirement Fund now owns 2,106,000 shares of the financial services provider’s stock valued at $17,143,000 after buying an additional 10,499 shares during the period. D.A. Davidson & CO. boosted its position in shares of Vereit by 227.0% in the 2nd quarter. D.A. Davidson & CO. now owns 21,148 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 14,680 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Vereit by 3.7% in the 2nd quarter. California Public Employees Retirement System now owns 2,238,831 shares of the financial services provider’s stock worth $18,224,000 after purchasing an additional 80,000 shares during the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.
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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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