Vereit Inc. (VER) Shares Sold by Capital Fund Management S.A.
Capital Fund Management S.A. decreased its position in Vereit Inc. (NYSE:VER) by 63.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 209,513 shares of the company’s stock after selling 363,030 shares during the period. Capital Fund Management S.A.’s holdings in Vereit were worth $2,124,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in VER. Dynamic Advisors Solutions LLC increased its position in shares of Vereit by 1.1% in the second quarter. Dynamic Advisors Solutions LLC now owns 13,995 shares of the company’s stock worth $142,000 after buying an additional 155 shares during the period. V Wealth Management LLC increased its position in shares of Vereit by 1.5% in the second quarter. V Wealth Management LLC now owns 13,300 shares of the company’s stock worth $135,000 after buying an additional 200 shares during the period. CWM LLC increased its position in shares of Vereit by 1.5% in the second quarter. CWM LLC now owns 13,761 shares of the company’s stock worth $140,000 after buying an additional 205 shares during the period. IBM Retirement Fund increased its position in shares of Vereit by 1.1% in the second quarter. IBM Retirement Fund now owns 118,314 shares of the company’s stock worth $1,236,000 after buying an additional 1,249 shares during the period. Finally, Creative Planning increased its position in shares of Vereit by 17.9% in the second quarter. Creative Planning now owns 13,097 shares of the company’s stock worth $133,000 after buying an additional 1,985 shares during the period. 75.58% of the stock is owned by institutional investors and hedge funds.
Vereit Inc. (NYSE:VER) traded down 0.41% during midday trading on Thursday, hitting $9.60. The stock had a trading volume of 8,081,800 shares. The firm’s market cap is $8.68 billion. The stock has a 50-day moving average price of $10.26 and a 200 day moving average price of $9.85. Vereit Inc. has a one year low of $6.68 and a one year high of $11.09.
Vereit (NYSE:VER) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Vereit had a negative return on equity of 3.36% and a negative net margin of 19.21%. The business earned $371 million during the quarter, compared to analysts’ expectations of $323.34 million. During the same quarter in the previous year, the firm earned $0.22 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. On average, analysts predict that Vereit Inc. will post $0.77 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be issued a $0.1375 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.55 annualized dividend and a yield of 5.73%. Vereit’s dividend payout ratio (DPR) is -134.15%.
A number of equities analysts recently issued reports on the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $11.00 price target on shares of Vereit in a report on Thursday, June 16th. Zacks Investment Research raised Vereit from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Finally, Capital One Financial Corp. raised Vereit from an “equal weight” rating to an “overweight” rating in a report on Friday, August 5th. Three equities research 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 an average rating of “Buy” and a consensus target price of $10.06.
Vereit Company Profile
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