Goodwin Daniel L decreased its stake in Vereit Inc. (NYSE:VER) by 19.5% during the second quarter, Holdings Channel reports. The firm owned 2,492,703 shares of the company’s stock after selling 605,382 shares during the period. Vereit comprises 8.2% of Goodwin Daniel L’s investment portfolio, making the stock its 2nd largest position. Goodwin Daniel L’s holdings in Vereit were worth $25,276,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Real Estate Management Services LLC raised its position in shares of Vereit by 737.8% in the second quarter. Real Estate Management Services LLC now owns 410,500 shares of the company’s stock valued at $4,162,000 after buying an additional 361,500 shares during the period. Crossvault Capital Management LLC bought a new position in shares of Vereit during the second quarter valued at $106,000. 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 during the period. 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 during the period. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Vereit during the second quarter valued at $248,000. 75.58% of the stock is owned by institutional investors.
Shares of Vereit Inc. (NYSE:VER) traded down 2.6758% during mid-day trading on Tuesday, reaching $9.9952. 10,149,499 shares of the company traded hands. The company’s market capitalization is $9.04 billion. Vereit Inc. has a 52-week low of $6.68 and a 52-week high of $11.09. The firm’s 50 day moving average price is $10.29 and its 200-day moving average price is $9.84.
Vereit (NYSE:VER) last issued its earnings results on Thursday, August 4th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 business earned $0.22 EPS. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. Equities analysts predict that Vereit Inc. will post $0.77 earnings per share for the current fiscal year.
The business 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. This represents a $0.55 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date is Wednesday, September 28th. Vereit’s dividend payout ratio is presently -134.15%.
Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Vereit from a “sell” rating to a “hold” rating in a research report on Tuesday, August 9th. Capital One Financial Corp. raised shares of Vereit from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 5th. Finally, BMO Capital Markets reissued a “buy” rating and set a $11.00 price target on shares of Vereit in a research report on Thursday, June 16th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Vereit presently has a consensus rating of “Buy” and an average price target of $10.06.
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