Cutler Capital Management LLC lowered its stake in shares of Vereit Inc. (NYSE:VER) by 10.1% during the second quarter, Holdings Channel reports. The fund owned 89,000 shares of the company’s stock after selling 10,000 shares during the period. Cutler Capital Management LLC’s holdings in Vereit were worth $902,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in Vereit by 84.3% in the second quarter. American Century Companies Inc. now owns 6,613,255 shares of the company’s stock valued at $67,058,000 after buying an additional 3,025,683 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its stake in Vereit by 88.9% in the second quarter. Candriam Luxembourg S.C.A. now owns 54,408 shares of the company’s stock valued at $552,000 after buying an additional 25,607 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in Vereit during the second quarter valued at about $248,000. Strs Ohio boosted its stake in Vereit by 4.0% in the second quarter. Strs Ohio now owns 1,616,619 shares of the company’s stock valued at $16,392,000 after buying an additional 61,799 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in Vereit during the second quarter valued at about $21,617,000. Hedge funds and other institutional investors own 75.58% of the company’s stock.
Vereit Inc. (NYSE:VER) traded up 0.49% on Monday, reaching $10.34. 6,926,931 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $10.33 and a 200-day moving average price of $9.75. The stock’s market capitalization is $9.35 billion. Vereit Inc. has a 52 week low of $6.68 and a 52 week high of $11.09.
Vereit (NYSE:VER) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. Vereit had a negative return on equity of 3.36% and a negative net margin of 19.21%. The business had revenue of $371 million for the quarter, compared to analyst estimates of $323.34 million. During the same quarter in the prior year, the firm posted $0.22 EPS. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. On average, analysts predict that Vereit Inc. will post $0.77 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be given a $0.1375 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.55 annualized dividend and a yield of 5.32%. Vereit’s dividend payout ratio is presently -134.15%.
Several brokerages recently weighed in on VER. Zacks Investment Research upgraded shares of Vereit from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Capital One Financial Corp. upgraded shares of Vereit from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 5th. Finally, BMO Capital Markets restated a “buy” rating and issued a $11.00 price target on shares of Vereit in a research report on Thursday, June 16th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $10.06.
Vereit Company Profile
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