Stifel Financial Corp Decreases Holdings in Vereit Inc (VER)

Stifel Financial Corp cut its holdings in shares of Vereit Inc (NYSE:VER) by 30.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,545 shares of the financial services provider’s stock after selling 6,233 shares during the quarter. Stifel Financial Corp’s holdings in Vereit were worth $120,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Schwab Charles Investment Management Inc. increased its stake in shares of Vereit by 16.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 3,407,713 shares of the financial services provider’s stock worth $27,739,000 after buying an additional 475,623 shares during the period. American Century Companies Inc. increased its stake in shares of Vereit by 43.7% in the second quarter. American Century Companies Inc. now owns 91,133 shares of the financial services provider’s stock worth $742,000 after buying an additional 27,731 shares during the period. Pacer Advisors Inc. increased its stake in shares of Vereit by 8.5% in the second quarter. Pacer Advisors Inc. now owns 17,227 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,346 shares during the period. Swiss National Bank increased its stake in shares of Vereit by 2.8% in the second quarter. Swiss National Bank now owns 3,549,081 shares of the financial services provider’s stock worth $28,890,000 after buying an additional 97,300 shares during the period. Finally, LSV Asset Management increased its stake in shares of Vereit by 13.1% in the second quarter. LSV Asset Management now owns 11,000,500 shares of the financial services provider’s stock worth $89,544,000 after buying an additional 1,277,400 shares during the period. 85.18% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently commented on VER shares. Zacks Investment Research downgraded shares of Vereit from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. ValuEngine downgraded shares of Vereit from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Vereit in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $9.42.

Shares of Vereit Inc (NYSE VER) opened at $7.66 on Friday. The firm has a market cap of $7,460.00, a price-to-earnings ratio of -58.92 and a beta of 0.75. Vereit Inc has a fifty-two week low of $7.44 and a fifty-two week high of $9.12. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.60.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.138 dividend. This represents a $0.55 annualized dividend and a yield of 7.21%. The ex-dividend date is Thursday, December 28th. Vereit’s dividend payout ratio (DPR) is currently -423.08%.

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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.

Institutional Ownership by Quarter for Vereit (NYSE:VER)

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