Grimes & Company Inc. continued to hold its stake in shares of Vereit Inc. (NYSE:VER) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 12,273 shares of the company’s stock at the end of the second quarter. Grimes & Company Inc.’s holdings in Vereit were worth $124,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in VER. Paragon Capital Management Ltd purchased a new stake in Vereit during the second quarter worth approximately $115,000. Creative Planning raised its stake in Vereit by 17.9% in the second quarter. Creative Planning now owns 13,097 shares of the company’s stock worth $133,000 after buying an additional 1,985 shares in the last quarter. V Wealth Management LLC raised its stake in Vereit by 1.5% in the second quarter. V Wealth Management LLC now owns 13,300 shares of the company’s stock worth $135,000 after buying an additional 200 shares in the last quarter. Wealthsource Partners LLC purchased a new stake in Vereit during the first quarter worth approximately $138,000. Finally, CWM LLC raised its stake in Vereit by 1.5% in the second quarter. CWM LLC now owns 13,761 shares of the company’s stock worth $140,000 after buying an additional 205 shares in the last quarter. 75.58% of the stock is owned by institutional investors.
Shares of Vereit Inc. (NYSE:VER) traded up 2.58% on Thursday, hitting $10.35. 6,827,888 shares of the company traded hands. Vereit Inc. has a 1-year low of $6.68 and a 1-year high of $11.09. The firm’s market capitalization is $9.36 billion. The firm’s 50-day moving average is $10.34 and its 200 day moving average is $9.73.
Vereit (NYSE:VER) last posted its earnings results on Thursday, August 4th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Vereit had a negative net margin of 19.21% and a negative return on equity of 3.36%. The firm earned $371 million during the quarter, compared to analyst estimates of $323.34 million. During the same period last year, the firm posted $0.22 earnings per share. Vereit’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, analysts anticipate that Vereit Inc. will post $0.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend is Wednesday, September 28th. Vereit’s dividend payout ratio (DPR) is presently -134.15%.
A number of equities research analysts recently commented on VER shares. Zacks Investment Research lowered shares of Vereit from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Capital One Financial Corp. upgraded shares of Vereit from an “equal weight” rating to an “overweight” rating in a report on Friday, August 5th. Finally, BMO Capital Markets restated a “buy” rating and issued a $11.00 price objective on shares of Vereit in a report on Thursday, June 16th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $10.06.
Vereit Company Profile
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