Financial Partners Group Inc bought a new position in shares of Vereit Inc (NYSE:VER) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 21,778 shares of the financial services provider’s stock, valued at approximately $170,000.
Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its position in shares of Vereit by 2.1% during the 4th quarter. BlackRock Inc. now owns 81,356,788 shares of the financial services provider’s stock worth $633,771,000 after buying an additional 1,637,128 shares during the period. LSV Asset Management grew its position in shares of Vereit by 15.7% during the 4th quarter. LSV Asset Management now owns 17,843,400 shares of the financial services provider’s stock worth $139,000,000 after buying an additional 2,426,331 shares during the period. Long Pond Capital LP grew its position in shares of Vereit by 538.8% during the 4th quarter. Long Pond Capital LP now owns 17,691,863 shares of the financial services provider’s stock worth $137,820,000 after buying an additional 14,922,313 shares during the period. Lasalle Investment Management Securities LLC grew its position in shares of Vereit by 8.0% during the 4th quarter. Lasalle Investment Management Securities LLC now owns 14,494,406 shares of the financial services provider’s stock worth $112,911,000 after buying an additional 1,076,889 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Vereit by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 13,942,160 shares of the financial services provider’s stock worth $115,581,000 after buying an additional 375,844 shares during the period. Institutional investors own 86.17% of the company’s stock.
Vereit Inc (VER) opened at $7.05 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.33 and a quick ratio of 0.33. Vereit Inc has a 12-month low of $6.62 and a 12-month high of $8.94. The stock has a market capitalization of $6,839.57, a P/E ratio of 9.54 and a beta of 0.66.
Vereit (NYSE:VER) last issued its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.18 earnings per share (EPS) 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 business had revenue of $316.60 million during the quarter, compared to analyst estimates of $284.78 million. During the same period in the previous year, the firm earned $0.18 EPS. Vereit’s quarterly revenue was down 3.3% compared to the same quarter last year. research analysts anticipate that Vereit Inc will post 0.72 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a $0.138 dividend. The ex-dividend date of this dividend 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%.
Several equities analysts recently issued reports on the company. ValuEngine lowered Vereit from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Vereit from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. JMP Securities decreased their price objective on Vereit from $9.50 to $9.00 and set a “market outperform” rating for the company in a research report on Friday, February 23rd. Finally, Mizuho reiterated a “hold” rating and issued a $7.00 price objective on shares of Vereit in a research report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Vereit currently has an average rating of “Hold” and a consensus target price of $8.85.
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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