HBK Investments L P raised its stake in shares of Vereit Inc (NYSE:VER) by 75.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,192,242 shares of the financial services provider’s stock after acquiring an additional 512,258 shares during the period. HBK Investments L P’s holdings in Vereit were worth $9,288,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. WINTON GROUP Ltd raised its stake in shares of Vereit by 49.8% during the 3rd quarter. WINTON GROUP Ltd now owns 18,378 shares of the financial services provider’s stock valued at $152,000 after buying an additional 6,113 shares during the last quarter. Alpha Windward LLC raised its stake in shares of Vereit by 12.8% during the 4th quarter. Alpha Windward LLC now owns 67,074 shares of the financial services provider’s stock valued at $523,000 after buying an additional 7,618 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Vereit by 52.0% during the 4th quarter. LS Investment Advisors LLC now owns 23,114 shares of the financial services provider’s stock valued at $180,000 after buying an additional 7,904 shares during the last quarter. Cutler Capital Management LLC raised its stake in shares of Vereit by 6.9% during the 4th quarter. Cutler Capital Management LLC now owns 128,400 shares of the financial services provider’s stock valued at $1,000,000 after buying an additional 8,300 shares during the last quarter. Finally, Two Sigma Securities LLC raised its stake in shares of Vereit by 19.2% during the 4th quarter. Two Sigma Securities LLC now owns 53,067 shares of the financial services provider’s stock valued at $413,000 after buying an additional 8,544 shares during the last quarter. Institutional investors and hedge funds own 86.17% of the company’s stock.
Vereit Inc (NYSE VER) opened at $7.05 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.63. Vereit Inc has a 52 week low of $6.62 and a 52 week high of $8.94. The firm has a market capitalization of $6,839.57, a PE ratio of 9.54 and a beta of 0.66.
Vereit (NYSE:VER) last announced its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Vereit had a return on equity of 0.75% and a net margin of 2.38%. The firm had revenue of $316.60 million during the quarter, compared to analyst estimates of $284.78 million. During the same quarter in the previous year, the business earned $0.18 EPS. Vereit’s revenue for the quarter was down 3.3% compared to the same quarter last year. research analysts forecast that Vereit Inc will post 0.72 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a $0.138 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.55 annualized dividend and a dividend yield of 7.83%. Vereit’s dividend payout ratio is presently -5,494.51%.
A number of research firms have weighed in on VER. ValuEngine lowered Vereit from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. JMP Securities reduced their price objective on Vereit from $9.50 to $9.00 and set a “market outperform” rating for the company in a research note on Friday, February 23rd. Zacks Investment Research lowered Vereit from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th. Finally, Mizuho reiterated a “hold” rating and set a $7.00 price objective on shares of Vereit in a research note on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.85.
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Vereit Company Profile
VEREIT, Inc is a full-service real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. It operates through two segments: real estate investment (REI) segment and its investment management segment, Cole Capital.
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