IFM Investors Pty Ltd Acquires Shares of 42,751 VEREIT Inc. (NYSE:VER)

IFM Investors Pty Ltd purchased a new position in shares of VEREIT Inc. (NYSE:VER) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 42,751 shares of the financial services provider’s stock, valued at approximately $348,000.

Several other hedge funds also recently bought and sold shares of VER. BlackRock Inc. grew its stake in shares of VEREIT by 3,227.7% in the first quarter. BlackRock Inc. now owns 76,790,678 shares of the financial services provider’s stock valued at $651,955,000 after buying an additional 74,483,066 shares in the last quarter. Bank of Montreal Can grew its stake in VEREIT by 1,232.3% during the 2nd quarter. Bank of Montreal Can now owns 9,388,340 shares of the financial services provider’s stock valued at $76,422,000 after purchasing an additional 8,683,687 shares in the last quarter. Lasalle Investment Management Securities LLC grew its stake in VEREIT by 72.6% during the 1st quarter. Lasalle Investment Management Securities LLC now owns 16,129,586 shares of the financial services provider’s stock valued at $136,940,000 after purchasing an additional 6,783,213 shares in the last quarter. Vanguard Group Inc. grew its stake in VEREIT by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 155,944,544 shares of the financial services provider’s stock valued at $1,323,969,000 after purchasing an additional 3,799,549 shares in the last quarter. Finally, Morgan Stanley grew its stake in VEREIT by 43.9% during the 1st quarter. Morgan Stanley now owns 10,594,933 shares of the financial services provider’s stock valued at $89,951,000 after purchasing an additional 3,229,897 shares in the last quarter. Institutional investors and hedge funds own 86.04% of the company’s stock.

Several analysts recently issued reports on the company. Zacks Investment Research cut VEREIT from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub upgraded VEREIT from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Finally, ValuEngine cut VEREIT from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.80.

Shares of VEREIT Inc. (NYSE:VER) traded up 0.23% during mid-day trading on Friday, hitting $8.61. The company’s stock had a trading volume of 834,285 shares. The company has a 50-day moving average price of $8.50 and a 200-day moving average price of $8.38. The stock’s market cap is $8.39 billion. VEREIT Inc. has a 1-year low of $7.44 and a 1-year high of $10.44.

VEREIT (NYSE:VER) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.16). The company had revenue of $336.90 million during the quarter, compared to the consensus estimate of $296.02 million. VEREIT had a negative return on equity of 0.44% and a negative net margin of 2.72%. VEREIT’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.19 EPS. Analysts predict that VEREIT Inc. will post ($1.70) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a dividend of $0.138 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.55 annualized dividend and a dividend yield of 6.43%. This is a positive change from VEREIT’s previous quarterly dividend of $0.14. VEREIT’s dividend payout ratio (DPR) is currently -499.95%.

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VEREIT Company Profile

VEREIT, Inc is a full-service real estate operating company. The Company operates through two business segments: real estate investment (REI) segment and investment management segment, Cole Capital. As of December 31, 2016, through its REI segment, the Company owned and managed a portfolio of 4,142 retail, restaurant, office and industrial real estate properties with an aggregate of 93.3 million square feet, which are located in 49 states, Puerto Rico and Canada.

Institutional Ownership by Quarter for VEREIT (NYSE:VER)

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