Short Interest in Vereit Inc (VER) Drops By 17.4%

Vereit Inc (NYSE:VER) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 22,144,410 shares, a decrease of 17.4% from the January 12th total of 26,794,822 shares. Based on an average trading volume of 9,759,875 shares, the short-interest ratio is currently 2.3 days. Currently, 2.3% of the shares of the company are sold short.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Vereit from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. ValuEngine downgraded shares of Vereit from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Vereit in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $9.42.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Vereit by 2.1% during the fourth quarter. BlackRock Inc. now owns 81,356,788 shares of the financial services provider’s stock worth $633,771,000 after buying an additional 1,637,128 shares in the last quarter. LSV Asset Management boosted its holdings in Vereit by 15.7% during the fourth quarter. LSV Asset Management now owns 17,843,400 shares of the financial services provider’s stock worth $139,000,000 after buying an additional 2,426,331 shares in the last quarter. Long Pond Capital LP boosted its holdings in Vereit by 538.8% during the fourth quarter. Long Pond Capital LP now owns 17,691,863 shares of the financial services provider’s stock worth $137,820,000 after buying an additional 14,922,313 shares in the last quarter. Lasalle Investment Management Securities LLC boosted its holdings in Vereit by 8.0% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 14,494,406 shares of the financial services provider’s stock worth $112,911,000 after buying an additional 1,076,889 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Vereit by 2.8% during 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 buying an additional 375,844 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Vereit (NYSE VER) opened at $6.89 on Wednesday. Vereit has a twelve month low of $6.62 and a twelve month high of $9.12. The company has a market cap of $6,710.00, a price-to-earnings ratio of -53.00 and a beta of 0.65. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.60.

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Vereit Company Profile

VEREIT, Inc is a full-service real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. It operates through two segments: real estate investment (REI) segment and its investment management segment, Cole Capital.

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