Forsta AP Fonden decreased its position in VEREIT (NYSE:VER) by 9.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 259,340 shares of the financial services provider’s stock after selling 27,660 shares during the period. Forsta AP Fonden’s holdings in VEREIT were worth $1,805,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Teacher Retirement System of Texas raised its holdings in VEREIT by 10.1% in the 1st quarter. Teacher Retirement System of Texas now owns 2,169,771 shares of the financial services provider’s stock valued at $15,102,000 after acquiring an additional 198,404 shares in the last quarter. Teachers Insurance & Annuity Association of America raised its holdings in VEREIT by 19.7% in the 1st quarter. Teachers Insurance & Annuity Association of America now owns 1,274,802 shares of the financial services provider’s stock valued at $8,873,000 after acquiring an additional 209,538 shares in the last quarter. Centersquare Investment Management LLC acquired a new position in VEREIT in the 1st quarter valued at approximately $120,528,000. Thompson Siegel & Walmsley LLC raised its holdings in VEREIT by 44.9% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 24,414,176 shares of the financial services provider’s stock valued at $169,923,000 after acquiring an additional 7,567,252 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in VEREIT by 38.2% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 525,000 shares of the financial services provider’s stock valued at $3,654,000 after acquiring an additional 145,000 shares in the last quarter. 85.69% of the stock is owned by hedge funds and other institutional investors.
Shares of VEREIT opened at $6.86 on Monday, according to MarketBeat Ratings. VEREIT has a 1 year low of $6.52 and a 1 year high of $8.75. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $6.64 billion, a PE ratio of 9.42 and a beta of 0.54.
VEREIT (NYSE:VER) last issued its earnings results on Friday, May 4th. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.17). VEREIT had a return on equity of 0.94% and a net margin of 3.78%. The company had revenue of $290.60 million during the quarter, compared to analyst estimates of $299.80 million. During the same period in the previous year, the company posted $0.19 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. equities research analysts expect that VEREIT will post 0.69 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be issued a $0.138 dividend. The ex-dividend date is Thursday, June 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 8.05%. VEREIT’s payout ratio is presently 78.57%.
VER has been the subject of a number of recent research reports. ValuEngine cut VEREIT from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Mizuho reissued a “hold” rating and issued a $7.00 target price on shares of VEREIT in a report on Friday, March 2nd. JMP Securities dropped their target price on VEREIT from $9.50 to $9.00 and set a “market outperform” rating for the company in a report on Friday, February 23rd. Finally, Zacks Investment Research raised VEREIT from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $8.42.
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 $14.7 billion including approximately 4,100 properties and 94.4 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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