Capital Investment Advisory Services LLC bought a new stake in shares of Vereit Inc (NYSE:VER) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,556 shares of the financial services provider’s stock, valued at approximately $127,000.
Several other institutional investors have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its holdings in Vereit by 1.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 892,719 shares of the financial services provider’s stock worth $6,481,000 after acquiring an additional 8,927 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Vereit by 5.3% in the third quarter. Nissay Asset Management Corp Japan ADV now owns 154,228 shares of the financial services provider’s stock worth $1,120,000 after acquiring an additional 7,770 shares in the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in Vereit in the third quarter worth approximately $580,000. NN Investment Partners Holdings N.V. boosted its holdings in Vereit by 251.7% in the third quarter. NN Investment Partners Holdings N.V. now owns 110,536 shares of the financial services provider’s stock worth $803,000 after acquiring an additional 79,107 shares in the last quarter. Finally, CWM LLC boosted its holdings in Vereit by 1,193.3% in the third quarter. CWM LLC now owns 90,508 shares of the financial services provider’s stock worth $657,000 after acquiring an additional 83,510 shares in the last quarter. Institutional investors own 87.73% of the company’s stock.
Several research analysts have issued reports on VER shares. ValuEngine lowered Vereit from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. JPMorgan Chase & Co. increased their price target on Vereit from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Monday, September 17th. Robert W. Baird started coverage on Vereit in a report on Monday, October 22nd. They issued an “outperform” rating and a $9.00 price target on the stock. Finally, Mizuho set a $8.00 price target on Vereit and gave the stock a “hold” rating in a report on Monday, August 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Vereit currently has a consensus rating of “Hold” and a consensus price target of $8.85.
In other news, SVP Gavin Brandon sold 20,877 shares of the stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $7.68, for a total value of $160,335.36. Following the completion of the sale, the senior vice president now directly owns 35,462 shares of the company’s stock, valued at $272,348.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.09% of the company’s stock.
Shares of Vereit stock opened at $7.39 on Friday. The company has a market capitalization of $7.24 billion, a PE ratio of 10.56, a P/E/G ratio of 2.89 and a beta of 0.67. Vereit Inc has a 52 week low of $6.52 and a 52 week high of $8.26. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.35 and a quick ratio of 0.35.
Vereit (NYSE:VER) last issued its quarterly earnings data on Friday, August 3rd. The financial services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.27). The company had revenue of $315.60 million during the quarter, compared to analysts’ expectations of $297.35 million. Vereit had a negative return on equity of 0.40% and a negative net margin of 4.44%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share. On average, equities research analysts predict that Vereit Inc will post 0.69 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a $0.1375 dividend. This represents a $0.55 annualized dividend and a dividend yield of 7.44%. The ex-dividend date was Thursday, September 27th. Vereit’s dividend payout ratio (DPR) is presently 78.57%.
VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has a total asset book value of $14.3 billion including approximately 4,000 properties and 94.6 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.
Featured Article: Earnings Per Share (EPS) Explained
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).
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.