Vereit Inc. (VER) Shares Bought by Shell Asset Management Co.
Shell Asset Management Co. boosted its position in shares of Vereit Inc. (NYSE:VER) by 6.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,843 shares of the company’s stock after buying an additional 2,848 shares during the period. Shell Asset Management Co.’s holdings in Vereit were worth $475,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the stock. AXA raised its position in shares of Vereit by 127,568.4% in the first quarter. AXA now owns 3,315,548 shares of the company’s stock worth $29,409,000 after buying an additional 3,312,951 shares during the last quarter. ING Groep NV raised its position in shares of Vereit by 123.5% in the first quarter. ING Groep NV now owns 5,735,000 shares of the company’s stock worth $50,812,000 after buying an additional 3,169,000 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Vereit by 101.5% in the first quarter. Nuveen Asset Management LLC now owns 3,291,466 shares of the company’s stock worth $29,195,000 after buying an additional 1,658,348 shares during the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of Vereit during the second quarter worth about $4,207,000. Finally, First Republic Investment Management Inc. raised its position in shares of Vereit by 89.8% in the first quarter. First Republic Investment Management Inc. now owns 691,487 shares of the company’s stock worth $6,133,000 after buying an additional 327,146 shares during the last quarter. 75.58% of the stock is owned by hedge funds and other institutional investors.
Vereit Inc. (NYSE:VER) traded up 1.37% during midday trading on Monday, hitting $9.65. The stock had a trading volume of 5,925,432 shares. The company’s market cap is $8.72 billion. Vereit Inc. has a one year low of $6.68 and a one year high of $11.09. The stock’s 50-day moving average is $10.21 and its 200-day moving average is $9.85.
Vereit (NYSE:VER) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $371 million for the quarter, compared to the consensus estimate of $323.34 million. Vereit had a negative return on equity of 3.36% and a negative net margin of 19.21%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 earnings per share. Equities analysts predict that Vereit Inc. will post $0.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be paid a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend is Wednesday, September 28th. Vereit’s dividend payout ratio (DPR) is currently -134.15%.
VER has been the subject of a number of research reports. Capital One Financial Corp. raised Vereit from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 5th. Zacks Investment Research lowered Vereit from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $11.00 price target on shares of Vereit in a research note on Thursday, June 16th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $10.06.
Vereit Company Profile
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