Quadrant Capital Group LLC increased its position in shares of Vereit Inc. (NYSE:VER) by 0.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,366 shares of the company’s stock after buying an additional 56 shares during the period. Quadrant Capital Group LLC’s holdings in Vereit were worth $104,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. Nuveen Asset Management LLC raised its stake in shares of 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 last quarter. Legal & General Group Plc raised its stake in shares of 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 during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 during the last quarter. Elliott Management Corp raised its stake in shares of 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 during the last quarter. Finally, State Street Corp raised its stake in shares of 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 during the last quarter. Institutional investors own 75.58% of the company’s stock.
Shares of Vereit Inc. (NYSE:VER) traded up 1.47% on Monday, hitting $9.66. 4,373,130 shares of the stock were exchanged. The company’s 50 day moving average is $10.21 and its 200-day moving average is $9.85. The stock’s market cap is $8.73 billion. Vereit Inc. has a 52-week low of $6.68 and a 52-week high of $11.09.
Vereit (NYSE:VER) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The business 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 business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share. Analysts predict that Vereit Inc. will post $0.77 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a dividend of $0.1375 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.55 annualized dividend and a dividend yield of 5.71%. Vereit’s dividend payout ratio is presently -134.15%.
A number of equities research analysts recently weighed in 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 target on shares of Vereit in a report on Thursday, June 16th. Three 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 stock. The company has a consensus rating of “Buy” and a consensus price target of $10.06.
Vereit Company Profile
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