VEREIT Inc. (NYSE:VER) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

According to Zacks, “VEREIT, Inc. is a real estate operating company. The Company owns and manages a diversified portfolio of retail, restaurant, office and industrial real estate assets. VEREIT, Inc., formerly known as American Realty Capital Properties Inc., is based in Phoenix, United States. “

Several other equities analysts have also commented on the company. Stifel Nicolaus reissued a “hold” rating on shares of VEREIT in a research report on Wednesday, November 1st. ValuEngine raised VEREIT from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Finally, BidaskClub lowered VEREIT from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.88.

VEREIT (NYSE:VER) opened at $8.21 on Friday. The company has a market capitalization of $7,998.41, a P/E ratio of 11.25 and a beta of 0.74. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.61. VEREIT has a 52-week low of $7.44 and a 52-week high of $9.12.

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Several institutional investors and hedge funds have recently made changes to their positions in the business. World Asset Management Inc raised its position in shares of VEREIT by 0.4% in the 2nd quarter. World Asset Management Inc now owns 49,401 shares of the financial services provider’s stock valued at $402,000 after purchasing an additional 196 shares in the last quarter. IFP Advisors Inc raised its position in shares of VEREIT by 0.4% in the 2nd quarter. IFP Advisors Inc now owns 167,829 shares of the financial services provider’s stock valued at $1,366,000 after purchasing an additional 657 shares in the last quarter. NEXT Financial Group Inc raised its position in shares of VEREIT by 5.7% in the 2nd quarter. NEXT Financial Group Inc now owns 18,550 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 1,000 shares in the last quarter. Stanley Laman Group Ltd. raised its position in shares of VEREIT by 0.4% in the 2nd quarter. Stanley Laman Group Ltd. now owns 294,335 shares of the financial services provider’s stock valued at $2,396,000 after purchasing an additional 1,094 shares in the last quarter. Finally, BB&T Securities LLC raised its position in shares of VEREIT by 3.1% in the 2nd quarter. BB&T Securities LLC now owns 39,658 shares of the financial services provider’s stock valued at $322,000 after purchasing an additional 1,190 shares in the last quarter. 85.03% of the stock is currently owned by institutional investors.

VEREIT Company Profile

VEREIT, Inc is a full-service real estate operating company. The Company operates through two business segments: real estate investment (REI) segment and investment management segment, Cole Capital. As of December 31, 2016, through its REI segment, the Company owned and managed a portfolio of 4,142 retail, restaurant, office and industrial real estate properties with an aggregate of 93.3 million square feet, which are located in 49 states, Puerto Rico and Canada.

Analyst Recommendations for VEREIT (NYSE:VER)

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