Vereit Inc. (VER) Shares Bought by First Trust Advisors LP
First Trust Advisors LP raised its stake in Vereit Inc. (NYSE:VER) by 92.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,336,257 shares of the company’s stock after buying an additional 641,044 shares during the period. First Trust Advisors LP’s holdings in Vereit were worth $13,857,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Trust Co. of Vermont increased its stake in Vereit by 152.5% in the third quarter. Trust Co. of Vermont now owns 10,100 shares of the company’s stock valued at $105,000 after buying an additional 6,100 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Vereit by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 10,366 shares of the company’s stock valued at $104,000 after buying an additional 56 shares in the last quarter. Mizuho Asset Management Co. Ltd. acquired a new stake in Vereit during the second quarter valued at about $106,000. Regal Investment Advisors LLC acquired a new stake in Vereit during the second quarter valued at about $106,000. Finally, Crossvault Capital Management LLC acquired a new stake in Vereit during the second quarter valued at about $106,000. Institutional investors own 82.34% of the company’s stock.
Vereit Inc. (NYSE:VER) traded up 2.04% on Tuesday, reaching $8.52. 3,599,647 shares of the company’s stock were exchanged. The stock’s market capitalization is $8.29 billion. Vereit Inc. has a 12 month low of $6.68 and a 12 month high of $11.09. The firm has a 50 day moving average of $9.03 and a 200 day moving average of $9.87.
Vereit (NYSE:VER) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $362.90 million for the quarter, compared to analyst estimates of $320.29 million. Vereit had a negative net margin of 18.02% and a negative return on equity of 3.12%. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 earnings per share. Equities analysts predict that Vereit Inc. will post $0.77 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Friday, December 30th will be given a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a yield of 6.59%. The ex-dividend date is Wednesday, December 28th. Vereit’s payout ratio is presently -141.02%.
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VER has been the subject of several analyst reports. JMP Securities restated a “hold” rating on shares of Vereit in a research note on Sunday, November 6th. Zacks Investment Research downgraded shares of Vereit from a “buy” rating to a “hold” rating in a research note on Saturday, November 12th. DA Davidson restated a “hold” rating on shares of Vereit in a research note on Thursday, November 10th. Mizuho initiated coverage on shares of Vereit in a research note on Thursday, October 13th. They issued a “neutral” rating and a $9.50 target price for the company. Finally, Capital One Financial Corp. upgraded shares of Vereit from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 5th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $9.97.
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