Parametric Portfolio Associates LLC decreased its holdings in shares of Vereit Inc (NYSE:VER) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,753,447 shares of the financial services provider’s stock after selling 65,262 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.18% of Vereit worth $14,536,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. WINTON GROUP Ltd purchased a new stake in Vereit during the second quarter valued at $100,000. Ffcm LLC purchased a new stake in Vereit during the third quarter valued at $111,000. Sheaff Brock Investment Advisors LLC raised its stake in Vereit by 26.8% during the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,033 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 2,969 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Vereit in the third quarter valued at $117,000. Finally, Institute for Wealth Management LLC. purchased a new stake in shares of Vereit in the second quarter valued at $127,000. 85.18% of the stock is currently owned by institutional investors.
VER has been the topic of several recent analyst reports. ValuEngine raised shares of Vereit from a “hold” rating to a “buy” rating in a research note on Friday, October 6th. Zacks Investment Research downgraded shares of Vereit from a “buy” rating to a “hold” rating in a research note on Saturday, November 18th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Vereit in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Vereit has a consensus rating of “Hold” and an average target price of $9.42.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $0.138 dividend. This represents a $0.55 annualized dividend and a dividend yield of 7.09%. The ex-dividend date is Thursday, December 28th. Vereit’s dividend payout ratio is currently -549.95%.
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Vereit Company Profile
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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