Teachers Insurance & Annuity Association of America lifted its position in shares of Vereit Inc (NYSE:VER) by 9.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,065,264 shares of the financial services provider’s stock after buying an additional 89,902 shares during the quarter. Teachers Insurance & Annuity Association of America’s holdings in Vereit were worth $8,298,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in VER. Long Pond Capital LP grew its holdings in shares of Vereit by 538.8% during the fourth quarter. Long Pond Capital LP now owns 17,691,863 shares of the financial services provider’s stock worth $137,820,000 after purchasing an additional 14,922,313 shares during the last quarter. Thompson Siegel & Walmsley LLC bought a new stake in shares of Vereit during the third quarter worth about $41,057,000. Fosun International Ltd grew its holdings in shares of Vereit by 204.6% during the third quarter. Fosun International Ltd now owns 5,845,132 shares of the financial services provider’s stock worth $48,455,000 after purchasing an additional 3,925,900 shares during the last quarter. Sasco Capital Inc. CT bought a new stake in shares of Vereit during the fourth quarter worth about $27,956,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Vereit by 253.2% during the third quarter. Russell Investments Group Ltd. now owns 4,373,318 shares of the financial services provider’s stock worth $36,257,000 after purchasing an additional 3,135,055 shares during the last quarter. Institutional investors own 85.05% of the company’s stock.
Vereit Inc (VER) opened at $7.01 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $6,829.83, a P/E ratio of -700.30 and a beta of 0.66. Vereit Inc has a 12 month low of $6.62 and a 12 month high of $8.94.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 7.87%. The ex-dividend date is Wednesday, March 28th. Vereit’s dividend payout ratio is currently -5,494.51%.
Several analysts have recently weighed in on VER shares. Zacks Investment Research cut Vereit from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. ValuEngine cut Vereit from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Mizuho restated a “hold” rating and set a $7.00 price target on shares of Vereit in a report on Friday, March 2nd. Finally, JMP Securities reduced their price target on Vereit from $9.50 to $9.00 and set a “market outperform” rating on the stock in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Vereit has a consensus rating of “Hold” and an average price target of $8.85.
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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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