VEREIT Inc. (NYSE:VER) saw a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 20,766,394 shares, a decrease of 16.1% from the October 13th total of 24,739,712 shares. Based on an average trading volume of 11,899,649 shares, the days-to-cover ratio is presently 1.7 days. Currently, 2.1% of the shares of the company are sold short.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its position in VEREIT by 1.4% in the second quarter. BlackRock Inc. now owns 77,878,258 shares of the financial services provider’s stock worth $633,927,000 after purchasing an additional 1,087,580 shares during the period. Cbre Clarion Securities LLC lifted its position in VEREIT by 5.4% in the second quarter. Cbre Clarion Securities LLC now owns 38,947,554 shares of the financial services provider’s stock worth $317,033,000 after purchasing an additional 2,004,074 shares during the period. CI Investments Inc. lifted its position in VEREIT by 0.9% in the second quarter. CI Investments Inc. now owns 24,529,315 shares of the financial services provider’s stock worth $199,669,000 after purchasing an additional 220,300 shares during the period. Glenview Capital Management LLC lifted its position in VEREIT by 5.9% in the second quarter. Glenview Capital Management LLC now owns 17,946,243 shares of the financial services provider’s stock worth $146,082,000 after purchasing an additional 1,000,000 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in VEREIT by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 13,942,160 shares of the financial services provider’s stock worth $115,581,000 after purchasing an additional 375,844 shares during the period. 84.87% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on VER. Zacks Investment Research cut VEREIT from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. ValuEngine raised VEREIT from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. BidaskClub cut VEREIT from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of VEREIT in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.81.

VEREIT (NYSE VER) opened at $8.00 on Thursday. The company has a market capitalization of $8,017.90, a price-to-earnings ratio of 11.27 and a beta of 0.74. VEREIT has a 12-month low of $7.44 and a 12-month high of $9.12. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.37 and a quick ratio of 0.37.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $0.138 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.55 annualized dividend and a yield of 6.90%. VEREIT’s dividend payout ratio (DPR) is currently -549.95%.

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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.

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