Sigma Planning Corp lowered its holdings in shares of Vereit Inc (NYSE:VER) by 27.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,626 shares of the financial services provider’s stock after selling 20,282 shares during the period. Sigma Planning Corp’s holdings in Vereit were worth $418,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. LSV Asset Management lifted its holdings in shares of Vereit by 15.7% during the fourth quarter. LSV Asset Management now owns 17,843,400 shares of the financial services provider’s stock valued at $139,000,000 after acquiring an additional 2,426,331 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Vereit by 2.8% during the third quarter. Dimensional Fund Advisors LP now owns 13,942,160 shares of the financial services provider’s stock valued at $115,581,000 after acquiring an additional 375,844 shares during the period. Legal & General Group Plc lifted its holdings in shares of Vereit by 8.6% during the third quarter. Legal & General Group Plc now owns 7,037,055 shares of the financial services provider’s stock valued at $58,339,000 after acquiring an additional 559,873 shares during the period. Fosun International Ltd lifted its holdings in shares of Vereit by 204.6% during the third quarter. Fosun International Ltd now owns 5,845,132 shares of the financial services provider’s stock valued at $48,455,000 after acquiring an additional 3,925,900 shares during the period. Finally, Thompson Siegel & Walmsley LLC bought a new position in shares of Vereit during the third quarter valued at $41,057,000. Hedge funds and other institutional investors own 88.33% of the company’s stock.
A number of brokerages have issued reports on VER. JMP Securities cut their price objective on Vereit from $9.50 to $9.00 and set a “market outperform” rating for the company in a report on Friday. Zacks Investment Research raised Vereit from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. ValuEngine cut Vereit from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Vereit in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.31.
Vereit Inc (VER) traded up $0.02 during trading on Friday, hitting $6.83. The company had a trading volume of 3,945,831 shares, compared to its average volume of 10,333,576. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.37 and a quick ratio of 0.37. Vereit Inc has a fifty-two week low of $6.62 and a fifty-two week high of $9.12. The company has a market capitalization of $6,630.00, a PE ratio of -342.50 and a beta of 0.65.
Vereit (NYSE:VER) last released its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. Vereit had a negative return on equity of 0.61% and a negative net margin of 3.76%. The business had revenue of $316.60 million during the quarter, compared to analysts’ expectations of $284.78 million. During the same period in the previous year, the business posted $0.18 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. equities analysts predict that Vereit Inc will post 0.71 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a $0.138 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 8.08%. Vereit’s dividend payout ratio is -2,750.00%.
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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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