Vereit Inc (NYSE:VER) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 22,144,410 shares, a decrease of 17.4% from the January 12th total of 26,794,822 shares. Based on an average trading volume of 9,759,875 shares, the days-to-cover ratio is currently 2.3 days. Currently, 2.3% of the company’s stock are sold short.
Several research firms have recently issued reports on VER. Stifel Nicolaus reiterated a “hold” rating on shares of Vereit in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Vereit from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, ValuEngine downgraded Vereit from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.42.
Several institutional investors and hedge funds have recently modified their holdings of the company. WINTON GROUP Ltd acquired a new stake in Vereit during the 2nd quarter valued at $100,000. Financial Gravity Companies Inc. acquired a new stake in Vereit during the 4th quarter valued at $105,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Vereit during the 4th quarter valued at $109,000. Jump Trading LLC acquired a new stake in Vereit during the 4th quarter valued at $110,000. Finally, Ffcm LLC acquired a new stake in Vereit during the 3rd quarter valued at $111,000. 88.33% of the stock is owned by institutional investors and hedge funds.
Vereit (VER) opened at $6.84 on Wednesday. Vereit has a twelve month low of $6.62 and a twelve month high of $9.12. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $6,660.00, a P/E ratio of -52.62 and a beta of 0.65.
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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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