Vereit Inc (NYSE:VER) insider William Craig Jr. Miller purchased 12,725 shares of Vereit stock in a transaction that occurred on Monday, May 22nd. The shares were purchased at an average price of $7.86 per share, for a total transaction of $100,018.50. Following the transaction, the insider now directly owns 223,381 shares in the company, valued at approximately $1,755,774.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Vereit Inc (NYSE:VER) traded up 2.68% during mid-day trading on Tuesday, hitting $8.04. 25,071,801 shares of the company traded hands. The firm has a 50 day moving average of $8.27 and a 200 day moving average of $8.47. Vereit Inc has a one year low of $7.44 and a one year high of $11.09. The firm’s market capitalization is $7.83 billion.

Vereit (NYSE:VER) last posted its earnings results on Thursday, May 4th. The financial services provider reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. The business had revenue of $348.03 million for the quarter, compared to analyst estimates of $297.94 million. Vereit had a negative net margin of 18.02% and a negative return on equity of 3.12%. Vereit’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 EPS. Equities research analysts expect that Vereit Inc will post ($0.02) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be issued a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date is Wednesday, June 28th. Vereit’s dividend payout ratio (DPR) is presently -141.02%.

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Several analysts recently issued reports on the stock. Evercore ISI upgraded shares of Vereit to an “outperform” rating and set a $9.00 price target on the stock in a research report on Monday, May 15th. Zacks Investment Research lowered shares of Vereit from a “buy” rating to a “sell” rating in a research report on Saturday, February 25th. Finally, BMO Capital Markets set a $10.00 price target on shares of Vereit and gave the stock a “buy” rating in a research report on Wednesday, March 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Vereit presently has an average rating of “Hold” and an average price target of $9.80.

A number of hedge funds have recently bought and sold shares of the company. Sumitomo Mitsui Asset Management Company LTD raised its stake in Vereit by 13.0% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 110,477 shares of the financial services provider’s stock worth $1,145,000 after buying an additional 12,700 shares during the period. Macquarie Group Ltd. raised its stake in Vereit by 40.5% in the fourth quarter. Macquarie Group Ltd. now owns 433,874 shares of the financial services provider’s stock worth $3,670,000 after buying an additional 125,018 shares during the period. Segantii Capital Management Ltd purchased a new stake in Vereit during the third quarter worth $5,120,000. First Heartland Consultants Inc. raised its stake in Vereit by 5.0% in the third quarter. First Heartland Consultants Inc. now owns 131,635 shares of the financial services provider’s stock worth $1,365,000 after buying an additional 6,302 shares during the period. Finally, Sii Investments Inc. WI raised its stake in Vereit by 14.9% in the fourth quarter. Sii Investments Inc. WI now owns 363,297 shares of the financial services provider’s stock worth $3,072,000 after buying an additional 47,169 shares during the period. 82.54% of the stock is currently owned by institutional investors and hedge funds.

About Vereit

VEREIT, Inc is a full-service real estate operating company. The Company operates through two business segments: real estate investment (REI) segment and investment management segment, Cole Capital. As of December 31, 2016, through its REI segment, the Company owned and managed a portfolio of 4,142 retail, restaurant, office and industrial real estate properties with an aggregate of 93.3 million square feet, which are located in 49 states, Puerto Rico and Canada.

12 Month Chart for NYSE:VER

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