AMP Capital Investors Ltd cut its position in Vereit Inc (NYSE:VER) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 825,225 shares of the financial services provider’s stock after selling 51,064 shares during the quarter. AMP Capital Investors Ltd owned about 0.09% of Vereit worth $6,139,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Van ECK Associates Corp purchased a new position in Vereit during the second quarter valued at approximately $1,532,000. Oregon Public Employees Retirement Fund grew its position in Vereit by 10.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 883,792 shares of the financial services provider’s stock valued at $6,575,000 after purchasing an additional 82,449 shares in the last quarter. Renaissance Technologies LLC grew its position in Vereit by 506.6% during the second quarter. Renaissance Technologies LLC now owns 3,403,754 shares of the financial services provider’s stock valued at $25,324,000 after purchasing an additional 2,842,600 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Vereit by 0.5% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,872,900 shares of the financial services provider’s stock valued at $13,934,000 after purchasing an additional 8,400 shares in the last quarter. Finally, Western Standard LLC grew its position in Vereit by 3.8% during the second quarter. Western Standard LLC now owns 629,283 shares of the financial services provider’s stock valued at $4,682,000 after purchasing an additional 23,210 shares in the last quarter. Hedge funds and other institutional investors own 87.55% of the company’s stock.
NYSE VER opened at $7.61 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 3.30 and a beta of 0.62. Vereit Inc has a 12-month low of $6.52 and a 12-month high of $8.71.
Vereit (NYSE:VER) last posted its earnings results on Friday, August 3rd. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.27). The business had revenue of $315.60 million during the quarter, compared to analyst estimates of $297.35 million. Vereit had a negative net margin of 4.44% and a negative return on equity of 0.40%. Vereit’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. analysts anticipate that Vereit Inc will post 0.69 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date of this dividend is Thursday, September 27th. Vereit’s dividend payout ratio (DPR) is presently 78.57%.
A number of research analysts recently commented on VER shares. Evercore ISI reaffirmed an “in-line” rating on shares of Vereit in a research report on Friday, June 1st. ValuEngine raised shares of Vereit from a “sell” rating to a “hold” rating in a research report on Saturday, August 18th. Zacks Investment Research raised shares of Vereit from a “sell” rating to a “hold” rating in a research report on Wednesday, May 30th. Finally, Mizuho set a $8.00 price objective on shares of Vereit and gave the company a “hold” rating in a research report on Monday, August 13th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $8.75.
In other Vereit news, SVP Gavin Brandon sold 20,877 shares of Vereit stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $7.68, for a total value of $160,335.36. Following the completion of the sale, the senior vice president now directly owns 35,462 shares in the company, valued at $272,348.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is owned by insiders.
VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has a total asset book value of $14.3 billion including approximately 4,000 properties and 94.6 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.
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