Vereit Inc (VER) Shares Bought by Foundry Partners LLC

Foundry Partners LLC lifted its stake in Vereit Inc (NYSE:VER) by 18.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,044,291 shares of the financial services provider’s stock after purchasing an additional 163,741 shares during the period. Foundry Partners LLC owned 0.11% of Vereit worth $7,582,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its stake in shares of Vereit by 18.9% in the third quarter. Nisa Investment Advisors LLC now owns 180,200 shares of the financial services provider’s stock worth $1,308,000 after acquiring an additional 28,600 shares during the period. Andra AP fonden grew its stake in shares of Vereit by 4.6% in the third quarter. Andra AP fonden now owns 847,900 shares of the financial services provider’s stock worth $6,156,000 after acquiring an additional 37,500 shares during the period. First Hawaiian Bank bought a new stake in shares of Vereit in the third quarter worth approximately $269,000. Bank of Montreal Can grew its stake in shares of Vereit by 52.6% in the third quarter. Bank of Montreal Can now owns 3,733,226 shares of the financial services provider’s stock worth $27,103,000 after acquiring an additional 1,287,303 shares during the period. Finally, Lourd Capital LLC bought a new stake in shares of Vereit in the third quarter worth approximately $161,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

NYSE VER traded up $0.04 during trading hours on Friday, hitting $7.69. 7,221,515 shares of the company’s stock traded hands, compared to its average volume of 10,521,515. The company has a current ratio of 0.70, a quick ratio of 0.35 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 2.79 and a beta of 0.51. Vereit Inc has a 52 week low of $6.52 and a 52 week high of $8.26.

Vereit (NYSE:VER) last announced its earnings results on Tuesday, November 6th. The financial services provider reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.27). Vereit had a negative net margin of 11.51% and a negative return on equity of 1.53%. The business had revenue of $289.03 million for the quarter, compared to the consensus estimate of $291.19 million. During the same quarter last year, the firm posted $0.18 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. Sell-side analysts predict that Vereit Inc will post 0.72 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a yield of 7.15%. The ex-dividend date is Friday, December 28th. Vereit’s dividend payout ratio is currently 78.57%.

VER has been the subject of a number of research analyst reports. ValuEngine lowered shares of Vereit from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. JPMorgan Chase & Co. lifted their price target on shares of Vereit from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note on Monday, September 17th. Mizuho set a $8.00 price target on shares of Vereit and gave the stock a “hold” rating in a research note on Monday, August 13th. Robert W. Baird initiated coverage on shares of Vereit in a research report on Monday, October 22nd. They set an “outperform” rating and a $9.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Vereit from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Saturday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $8.70.

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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 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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Institutional Ownership by Quarter for Vereit (NYSE:VER)

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