Grimes & Company Inc. held its position in Vereit Inc. (NYSE:VER) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of VER. Paragon Capital Management Ltd purchased a new position in Vereit during the second quarter valued at approximately $115,000. Creative Planning raised its stake in shares of 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 shares of 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 bought a new stake in shares of Vereit during the first quarter worth about $138,000. Finally, CWM LLC raised its stake in shares of 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 hedge funds and other institutional investors.
Vereit Inc. (NYSE:VER) traded up 2.58% during mid-day trading on Thursday, hitting $10.35. The company had a trading volume of 6,827,888 shares. The company has a 50-day moving average price of $10.34 and a 200 day moving average price of $9.73. The company’s market capitalization is $9.36 billion. Vereit Inc. has a 52-week low of $6.68 and a 52-week high of $11.09.
Vereit (NYSE:VER) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.19 EPS for the quarter, meeting 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 firm earned $371 million during the quarter, compared to the consensus estimate of $323.34 million. During the same period in the prior year, the company earned $0.22 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. On average, analysts forecast that Vereit Inc. will post $0.77 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a $0.1375 dividend. This represents a $0.55 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend is Wednesday, September 28th. Vereit’s dividend payout ratio is currently -134.15%.
VER has been the subject of a number of recent analyst reports. BMO Capital Markets reissued a “buy” rating and set a $11.00 target price on shares of Vereit in a research note on Thursday, June 16th. Zacks Investment Research lowered shares of Vereit from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. 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. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $10.06.
Vereit Company Profile
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vereit Inc. and related companies with MarketBeat.com's FREE daily email newsletter.