Capstone Asset Management Co. increased its stake in shares of Vereit Inc. (NYSE:VER) by 0.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,642 shares of the company’s stock after buying an additional 110 shares during the period. Capstone Asset Management Co.’s holdings in Vereit were worth $183,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of VER. Vanguard Group Inc. boosted its position in shares of Vereit by 1.1% in the second quarter. Vanguard Group Inc. now owns 135,834,331 shares of the company’s stock worth $1,377,360,000 after buying an additional 1,416,327 shares during the last quarter. FMR LLC boosted its position in shares of Vereit by 20.3% in the second quarter. FMR LLC now owns 82,998,582 shares of the company’s stock worth $841,606,000 after buying an additional 14,029,056 shares during the last quarter. Cbre Clarion Securities LLC boosted its position in shares of Vereit by 2.7% in the second quarter. Cbre Clarion Securities LLC now owns 35,253,903 shares of the company’s stock worth $357,475,000 after buying an additional 923,858 shares during the last quarter. State Street Corp boosted its position in shares of Vereit by 1.1% in the first quarter. State Street Corp now owns 21,399,450 shares of the company’s stock worth $189,813,000 after buying an additional 238,808 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of Vereit by 3.3% in the second quarter. BlackRock Fund Advisors now owns 13,348,991 shares of the company’s stock worth $135,359,000 after buying an additional 427,627 shares during the last quarter. 75.58% of the stock is owned by institutional investors.
Shares of Vereit Inc. (NYSE:VER) opened at 9.61 on Thursday. The stock has a 50 day moving average of $10.14 and a 200 day moving average of $9.87. The company’s market cap is $8.69 billion. Vereit Inc. has a 12-month low of $6.68 and a 12-month high of $11.09.
Vereit (NYSE:VER) last posted its earnings results on Thursday, August 4th. The company reported $0.19 earnings per share (EPS) for the quarter, meeting 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 firm earned $371 million during the quarter, compared to analysts’ expectations of $323.34 million. During the same period in the previous year, the business posted $0.22 EPS. The business’s revenue was down 5.8% compared to the same quarter last year. Equities research analysts predict that Vereit Inc. will post $0.77 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be given a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date of this dividend is Wednesday, September 28th. Vereit’s dividend payout ratio is presently -134.15%.
A number of equities analysts have commented on the stock. BMO Capital Markets reissued a “buy” rating and issued a $11.00 price objective on shares of Vereit in a research note on Thursday, June 16th. Zacks Investment Research raised shares of Vereit from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, Capital One Financial Corp. raised shares of Vereit from an “equal weight” rating to an “overweight” rating in a research note on Friday, August 5th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $10.06.
Vereit Company Profile
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