Vereit Inc (NYSE:VER) Short Interest Update

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Vereit Inc (NYSE:VER) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 31,657,600 shares, a decline of 17.7% from the May 30th total of 38,468,300 shares. Approximately 3.3% of the shares of the company are sold short. Based on an average daily trading volume, of 9,350,000 shares, the short-interest ratio is presently 3.4 days.

Hedge funds have recently modified their holdings of the company. Investors Research Corp bought a new stake in shares of Vereit during the 1st quarter valued at $25,000. Bessemer Group Inc. boosted its holdings in Vereit by 47.8% in the 4th quarter. Bessemer Group Inc. now owns 4,174 shares of the financial services provider’s stock worth $30,000 after buying an additional 1,349 shares during the period. Spirit of America Management Corp NY bought a new position in Vereit in the 1st quarter worth $42,000. Cullen Frost Bankers Inc. bought a new position in Vereit in the 1st quarter worth $50,000. Finally, Zions Bancorporation N.A. boosted its holdings in Vereit by 39.1% in the 1st quarter. Zions Bancorporation N.A. now owns 10,378 shares of the financial services provider’s stock worth $87,000 after buying an additional 2,918 shares during the period. 91.38% of the stock is owned by hedge funds and other institutional investors.

Shares of VER stock opened at $9.13 on Friday. Vereit has a 1 year low of $6.88 and a 1 year high of $9.72. The company’s fifty day simple moving average is $9.10. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.73 and a current ratio of 0.73. The company has a market cap of $8.89 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 1.01 and a beta of 0.53.

Vereit (NYSE:VER) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Vereit had a negative net margin of 3.83% and a negative return on equity of 0.65%. The firm had revenue of $316.84 million during the quarter, compared to the consensus estimate of $307.92 million. During the same quarter in the previous year, the firm posted $0.18 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, sell-side analysts expect that Vereit will post 0.69 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date is Thursday, June 27th. Vereit’s payout ratio is 76.39%.

A number of equities research analysts have weighed in on VER shares. Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Saturday. ValuEngine lowered shares of Verso from a “hold” rating to a “sell” rating in a research note on Thursday, May 23rd. Finally, Bank of America boosted their target price on shares of Armstrong World Industries from $95.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $9.30.

Vereit Company Profile

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 total real estate investments of $15.6 billion including approximately 4,000 properties and 94.7 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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