Paragon Capital Management Ltd Acquires Shares of 30,322 VEREIT Inc. (VER)

Paragon Capital Management Ltd acquired a new position in shares of VEREIT Inc. (NYSE:VER) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 30,322 shares of the financial services provider’s stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dynamic Advisors Solutions LLC grew its position in VEREIT by 0.9% during the 2nd quarter. Dynamic Advisors Solutions LLC now owns 14,574 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 127 shares in the last quarter. World Asset Management Inc grew its position in VEREIT by 0.4% during the 2nd quarter. World Asset Management Inc now owns 49,401 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 196 shares in the last quarter. IFP Advisors Inc grew its position in VEREIT by 0.4% during the 2nd quarter. IFP Advisors Inc now owns 167,829 shares of the financial services provider’s stock worth $1,366,000 after purchasing an additional 657 shares in the last quarter. NEXT Financial Group Inc grew its position in VEREIT by 5.7% during the 2nd quarter. NEXT Financial Group Inc now owns 18,550 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Stanley Laman Group Ltd. grew its position in VEREIT by 0.4% during the 2nd quarter. Stanley Laman Group Ltd. now owns 294,335 shares of the financial services provider’s stock worth $2,396,000 after purchasing an additional 1,094 shares in the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.

VEREIT Inc. (NYSE VER) traded down 0.63% during trading on Monday, reaching $7.84. 1,190,538 shares of the company’s stock traded hands. The firm’s 50 day moving average is $8.34 and its 200 day moving average is $8.32. VEREIT Inc. has a 12 month low of $7.44 and a 12 month high of $9.41. The company’s market cap is $7.64 billion.

VEREIT (NYSE:VER) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.16). VEREIT had a negative return on equity of 0.44% and a negative net margin of 2.72%. The company had revenue of $336.90 million for the quarter, compared to the consensus estimate of $296.02 million. During the same period in the prior year, the company earned $0.19 EPS. The firm’s revenue was down 9.2% on a year-over-year basis. Analysts anticipate that VEREIT Inc. will post ($1.70) EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a dividend of $0.138 per share. This is an increase from VEREIT’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, September 28th. This represents a $0.55 annualized dividend and a dividend yield of 7.00%. VEREIT’s dividend payout ratio is currently -499.95%.

Several equities analysts have weighed in on VER shares. ValuEngine upgraded shares of VEREIT from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. Zacks Investment Research upgraded shares of VEREIT from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research report on Wednesday, July 19th. Finally, BidaskClub upgraded shares of VEREIT from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.88.

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VEREIT Company Profile

VEREIT, Inc is a full-service real estate operating company. The Company operates through two business segments: real estate investment (REI) segment and investment management segment, Cole Capital. As of December 31, 2016, through its REI segment, the Company owned and managed a portfolio of 4,142 retail, restaurant, office and industrial real estate properties with an aggregate of 93.3 million square feet, which are located in 49 states, Puerto Rico and Canada.

Institutional Ownership by Quarter for VEREIT (NYSE:VER)

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