Candriam Luxembourg S.C.A. increased its stake in shares of Vereit Inc. (NYSE:VER) by 88.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,408 shares of the company’s stock after buying an additional 25,607 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Vereit were worth $552,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in VER. AXA raised its stake in shares of Vereit by 127,568.4% in the first quarter. AXA now owns 3,315,548 shares of the company’s stock valued at $29,409,000 after buying an additional 3,312,951 shares during the last quarter. ING Groep NV raised its stake 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 valued at $50,812,000 after buying an additional 3,169,000 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Vereit during the second quarter valued at about $21,617,000. Nuveen Asset Management LLC raised its stake 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 valued at $29,195,000 after buying an additional 1,658,348 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of Vereit during the second quarter valued at about $4,207,000. Institutional investors and hedge funds own 75.58% of the company’s stock.
Vereit Inc. (NYSE:VER) traded up 1.37% during midday trading on Monday, reaching $9.65. 5,925,432 shares of the company were exchanged. The firm’s market capitalization is $8.72 billion. Vereit Inc. has a 52 week low of $6.68 and a 52 week high of $11.09. The company has a 50-day moving average of $10.21 and a 200 day moving average of $9.85.
Vereit (NYSE:VER) last posted its earnings results on Thursday, August 4th. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Vereit had a negative net margin of 19.21% and a negative return on equity of 3.36%. The firm earned $371 million during the quarter, compared to analyst estimates of $323.34 million. During the same period last year, the firm posted $0.22 earnings per share. Vereit’s revenue for the quarter was down 5.8% compared to the same quarter last year. Equities analysts predict that Vereit Inc. will post $0.77 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors 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 dividend yield of 5.70%. The ex-dividend date is Wednesday, September 28th. Vereit’s dividend payout ratio (DPR) is presently -134.15%.
A number of equities research analysts have recently weighed in on the stock. Capital One Financial Corp. upgraded shares of Vereit from an “equal weight” rating to an “overweight” rating in a report on Friday, August 5th. Zacks Investment Research lowered shares of Vereit from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, BMO Capital Markets restated a “buy” rating and issued a $11.00 price objective on shares of Vereit in a 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’s stock. Vereit has a consensus rating of “Buy” and an average target price of $10.06.
Vereit Company Profile
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