NumerixS Investment Technologies Inc lowered its stake in shares of Vereit Inc (NYSE:VER) by 69.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 16,000 shares of the financial services provider’s stock after selling 37,000 shares during the period. NumerixS Investment Technologies Inc’s holdings in Vereit were worth $115,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Essex Savings Bank bought a new position in shares of Vereit during the 4th quarter worth approximately $29,000. Rehmann Capital Advisory Group lifted its position in shares of Vereit by 801.3% during the 4th quarter. Rehmann Capital Advisory Group now owns 4,930 shares of the financial services provider’s stock worth $35,000 after buying an additional 4,383 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in shares of Vereit during the 4th quarter worth approximately $83,000. Quadrant Capital Group LLC lifted its position in shares of Vereit by 26.1% during the 4th quarter. Quadrant Capital Group LLC now owns 12,026 shares of the financial services provider’s stock worth $82,000 after buying an additional 2,490 shares in the last quarter. Finally, Private Capital Group LLC lifted its position in shares of Vereit by 46.8% during the 4th quarter. Private Capital Group LLC now owns 13,132 shares of the financial services provider’s stock worth $96,000 after buying an additional 4,188 shares in the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:VER opened at $8.27 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $8.04 billion, a P/E ratio of 11.49, a P/E/G ratio of 1.12 and a beta of 0.67. Vereit Inc has a 12 month low of $6.52 and a 12 month high of $8.38.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.67%. The ex-dividend date is Thursday, March 28th. This is a boost from Vereit’s previous quarterly dividend of $0.14. Vereit’s payout ratio is 76.39%.
Several research firms have commented on VER. ValuEngine cut shares of Vereit from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Zacks Investment Research raised shares of Vereit from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, Robert W. Baird cut shares of Vereit from an “outperform” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research report on Monday, February 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $8.63.
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VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has a total asset book value of $14.1 billion including approximately 4,000 properties and 93.9 million square feet. VEREIT's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.
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