Aperio Group LLC raised its holdings in Vereit Inc (NYSE:VER) by 12.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 356,321 shares of the financial services provider’s stock after buying an additional 40,757 shares during the period. Aperio Group LLC’s holdings in Vereit were worth $2,776,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. California Public Employees Retirement System boosted its holdings in Vereit by 8.5% in the 3rd quarter. California Public Employees Retirement System now owns 2,429,330 shares of the financial services provider’s stock valued at $20,139,000 after purchasing an additional 190,499 shares during the period. New York State Common Retirement Fund boosted its holdings in Vereit by 2.5% in the 3rd quarter. New York State Common Retirement Fund now owns 2,159,000 shares of the financial services provider’s stock valued at $17,898,000 after purchasing an additional 53,000 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Vereit by 47.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,625,937 shares of the financial services provider’s stock worth $30,168,000 after acquiring an additional 1,169,067 shares during the period. American Century Companies Inc. lifted its holdings in shares of Vereit by 18.0% during the 3rd quarter. American Century Companies Inc. now owns 107,570 shares of the financial services provider’s stock worth $892,000 after acquiring an additional 16,437 shares during the period. Finally, Zweig DiMenna Associates LLC lifted its holdings in shares of Vereit by 20.4% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 1,181,614 shares of the financial services provider’s stock worth $9,796,000 after acquiring an additional 200,000 shares during the period. Hedge funds and other institutional investors own 86.17% of the company’s stock.
VER has been the subject of a number of recent analyst reports. ValuEngine downgraded shares of Vereit from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research cut shares of Vereit from a “buy” rating to a “hold” rating in a research report on Saturday, November 18th. Mizuho restated a “hold” rating and issued a $7.00 price target on shares of Vereit in a research report on Friday, March 2nd. Finally, JMP Securities reduced their price objective on shares of Vereit from $9.50 to $9.00 and set a “market outperform” rating on the stock in a research note on Friday, February 23rd. One equities 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 company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.85.
Vereit (NYSE:VER) last announced its earnings results on Thursday, February 22nd. The financial services provider reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Vereit had a net margin of 2.38% and a return on equity of 0.75%. The company had revenue of $316.60 million during the quarter, compared to the consensus estimate of $284.78 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. sell-side analysts forecast that Vereit Inc will post 0.72 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be paid a $0.138 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.55 annualized dividend and a dividend yield of 7.85%. Vereit’s payout ratio is -2,750.00%.
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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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