Crossvault Capital Management LLC bought a new stake in Vereit Inc. (NYSE:VER) during the second quarter, Holdings Channel reports. The firm bought 10,500 shares of the company’s stock, valued at approximately $106,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in VER. American Century Companies Inc. raised its position in shares of Vereit by 84.3% in the second quarter. American Century Companies Inc. now owns 6,613,255 shares of the company’s stock valued at $67,058,000 after buying an additional 3,025,683 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of Vereit by 88.9% in the second quarter. Candriam Luxembourg S.C.A. now owns 54,408 shares of the company’s stock valued at $552,000 after buying an additional 25,607 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in shares of Vereit during the second quarter valued at about $248,000. Strs Ohio raised its position in shares of Vereit by 4.0% in the second quarter. Strs Ohio now owns 1,616,619 shares of the company’s stock valued at $16,392,000 after buying an additional 61,799 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Vereit during the second quarter valued at about $21,617,000. 75.58% of the stock is owned by institutional investors and hedge funds.
Shares of Vereit Inc. (NYSE:VER) traded up 1.27% during mid-day trading on Friday, hitting $10.37. The stock had a trading volume of 12,339,684 shares. The stock’s 50-day moving average is $10.30 and its 200 day moving average is $9.80. Vereit Inc. has a 1-year low of $6.68 and a 1-year high of $11.09. The firm’s market capitalization is $9.37 billion.
Vereit (NYSE:VER) last announced its earnings results on Thursday, August 4th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Vereit had a negative net margin of 19.21% and a negative return on equity of 3.36%. The company earned $371 million during the quarter, compared to analyst estimates of $323.34 million. During the same period in the previous year, the business earned $0.22 earnings per share. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. Equities research analysts predict that Vereit Inc. will post $0.77 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a $0.1375 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.55 annualized dividend and a yield of 5.30%. Vereit’s dividend payout ratio (DPR) is presently -134.15%.
Several research analysts recently issued reports on the company. Zacks Investment Research raised Vereit from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Capital One Financial Corp. raised Vereit from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 5th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $11.00 price target on shares of Vereit in a report on Thursday, June 16th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $10.06.
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