Vereit Inc (VER) Position Boosted by Westpac Banking Corp
Westpac Banking Corp increased its stake in Vereit Inc (NYSE:VER) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 861,665 shares of the financial services provider’s stock after acquiring an additional 75,507 shares during the quarter. Westpac Banking Corp’s holdings in Vereit were worth $6,712,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. WINTON GROUP Ltd acquired a new position in Vereit in the second quarter valued at approximately $100,000. Ffcm LLC acquired a new position in Vereit in the third quarter valued at approximately $111,000. Quantitative Systematic Strategies LLC acquired a new position in Vereit in the third quarter valued at approximately $117,000. Institute for Wealth Management LLC. acquired a new position in Vereit in the second quarter valued at approximately $127,000. Finally, Advisors Asset Management Inc. lifted its stake in Vereit by 408.6% in the third quarter. Advisors Asset Management Inc. now owns 17,100 shares of the financial services provider’s stock valued at $142,000 after buying an additional 13,738 shares during the period. 85.18% of the stock is currently owned by institutional investors.
VER has been the topic of several recent analyst reports. ValuEngine lowered Vereit from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered Vereit from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Vereit in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.42.
Vereit (NYSE:VER) last issued its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.16). Vereit had a negative net margin of 3.76% and a negative return on equity of 0.61%. equities research analysts anticipate that Vereit Inc will post 0.71 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a dividend of $0.138 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.55 annualized dividend and a dividend yield of 7.48%. Vereit’s dividend payout ratio is -423.08%.
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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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