Goodwin Daniel L reduced its stake in shares of Vereit Inc. (NYSE:VER) by 33.3% during the third quarter, Holdings Channel reports. The firm owned 1,661,503 shares of the company’s stock after selling 831,200 shares during the period. Vereit comprises about 6.1% of Goodwin Daniel L’s investment portfolio, making the stock its 2nd largest position. Goodwin Daniel L’s holdings in Vereit were worth $17,230,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Nuveen Asset Management LLC raised its stake in Vereit by 101.5% in the first quarter. Nuveen Asset Management LLC now owns 3,291,466 shares of the company’s stock worth $29,195,000 after buying an additional 1,658,348 shares during the period. Legal & General Group Plc boosted its position in Vereit by 4.8% in the first quarter. Legal & General Group Plc now owns 5,132,804 shares of the company’s stock worth $45,527,000 after buying an additional 237,130 shares in the last quarter. Geode Capital Management LLC boosted its position in Vereit by 5.4% in the first quarter. Geode Capital Management LLC now owns 5,506,954 shares of the company’s stock worth $48,818,000 after buying an additional 281,694 shares in the last quarter. Elliott Management Corp boosted its position in Vereit by 3.4% in the first quarter. Elliott Management Corp now owns 92,529 shares of the company’s stock worth $821,000 after buying an additional 3,029 shares in the last quarter. Finally, State Street Corp boosted its position in Vereit by 1.1% in the first quarter. State Street Corp now owns 21,399,450 shares of the company’s stock worth $189,813,000 after buying an additional 238,808 shares in the last quarter. 75.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Vereit Inc. (NYSE:VER) remained flat at $9.75 during midday trading on Wednesday. 3,050,957 shares of the company’s stock traded hands. The company’s market capitalization is $8.81 billion. Vereit Inc. has a one year low of $6.68 and a one year high of $11.09. The stock’s 50-day moving average is $10.05 and its 200-day moving average is $9.91.
Vereit (NYSE:VER) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $371 million for the quarter, compared to analysts’ expectations of $323.34 million. Vereit had a negative net margin of 19.21% and a negative return on equity of 3.36%. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 earnings per share. On average, equities research analysts forecast that Vereit Inc. will post $0.77 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 17th. Stockholders of record on Friday, September 30th were given a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a dividend yield of 5.64%. The ex-dividend date of this dividend was Wednesday, September 28th. Vereit’s payout ratio is currently -134.15%.
A number of equities analysts have commented on VER shares. Zacks Investment Research raised shares of Vereit from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Mizuho started coverage on shares of Vereit in a research note on Thursday, October 13th. They issued a “neutral” rating and a $9.50 price target for the company. Finally, Capital One Financial Corp. raised shares of Vereit from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $9.98.
Vereit Company Profile
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