HBK Investments L P lifted its holdings in Vereit Inc (NYSE:VER) by 75.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,192,242 shares of the financial services provider’s stock after purchasing an additional 512,258 shares during the quarter. HBK Investments L P owned about 0.12% of Vereit worth $9,288,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Financial Gravity Companies Inc. acquired a new stake in shares of Vereit in the 4th quarter worth $105,000. Sanctuary Wealth Management L.L.C. acquired a new stake in shares of Vereit in the 4th quarter worth $109,000. Ffcm LLC acquired a new stake in shares of Vereit in the 3rd quarter worth $111,000. Fox Run Management L.L.C. acquired a new stake in shares of Vereit in the 4th quarter worth $114,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Vereit by 408.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 17,100 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 13,738 shares in the last quarter. 86.17% of the stock is owned by hedge funds and other institutional investors.
Shares of Vereit Inc (NYSE:VER) opened at $7.05 on Wednesday. Vereit Inc has a 52-week low of $6.62 and a 52-week high of $8.94. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $6,839.57, a PE ratio of 9.54 and a beta of 0.66.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be given a dividend of $0.138 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.55 dividend on an annualized basis and a yield of 7.83%. Vereit’s dividend payout ratio is currently -5,494.51%.
A number of research firms have recently weighed in on VER. Mizuho reissued a “hold” rating and issued a $7.00 price objective on shares of Vereit in a research report on Friday, March 2nd. JMP Securities lowered their price objective on Vereit from $9.50 to $9.00 and set a “market outperform” rating for the company in a research report on Friday, February 23rd. Zacks Investment Research raised Vereit from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, ValuEngine cut Vereit from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Vereit has an average rating of “Hold” and a consensus price target of $8.85.
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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