Winslow Evans & Crocker Inc. trimmed its holdings in shares of Vereit Inc (NYSE:VER) by 9.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,408 shares of the financial services provider’s stock after selling 1,328 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Vereit were worth $114,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Foundry Partners LLC boosted its stake in shares of Vereit by 0.6% in the 2nd quarter. Foundry Partners LLC now owns 1,090,666 shares of the financial services provider’s stock valued at $9,827,000 after buying an additional 6,750 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Vereit in the 2nd quarter valued at about $215,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Vereit by 4.4% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 363,230 shares of the financial services provider’s stock valued at $3,273,000 after buying an additional 15,200 shares during the period. Clear Street Markets LLC purchased a new position in shares of Vereit in the 2nd quarter valued at about $124,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Vereit by 18.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 266,422 shares of the financial services provider’s stock valued at $2,400,000 after buying an additional 42,162 shares during the period. 91.70% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE VER traded down $0.02 during midday trading on Thursday, hitting $9.10. 3,753,491 shares of the company’s stock were exchanged, compared to its average volume of 7,972,570. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.73 and a current ratio of 0.73. Vereit Inc has a twelve month low of $6.88 and a twelve month high of $9.72. The company has a market cap of $8.88 billion, a P/E ratio of 12.64, a PEG ratio of 1.18 and a beta of 0.53. The firm has a fifty day simple moving average of $9.19.
The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a dividend yield of 6.07%. The ex-dividend date was Thursday, June 27th. Vereit’s dividend payout ratio (DPR) is presently 76.39%.
Several equities analysts have recently issued reports on the company. Bank of America upgraded Vereit from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $8.00 to $10.50 in a research note on Tuesday, June 11th. Zacks Investment Research lowered Vereit from a “buy” rating to a “hold” rating in a research report on Saturday, July 20th. Finally, ValuEngine lowered Vereit from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price 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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