Barber Financial Group Inc. cut its holdings in Vereit Inc (NYSE:VER) by 3.9% during the 4th quarter, Holdings Channel reports. The firm owned 493,303 shares of the financial services provider’s stock after selling 19,905 shares during the period. Barber Financial Group Inc.’s holdings in Vereit were worth $3,843,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. WINTON GROUP Ltd bought a new stake in Vereit during the 2nd quarter valued at approximately $100,000. Ffcm LLC bought a new stake in Vereit during the 3rd quarter valued at approximately $111,000. Quantitative Systematic Strategies LLC bought a new stake in Vereit during the 3rd quarter valued at approximately $117,000. Fox Run Management L.L.C. bought a new stake in Vereit during the 4th quarter valued at approximately $114,000. Finally, Advisors Asset Management Inc. boosted its position in Vereit by 408.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 17,100 shares of the financial services provider’s stock valued at $142,000 after acquiring an additional 13,738 shares in the last quarter. 85.17% of the stock is currently owned by institutional investors.
Several analysts have weighed in on the company. ValuEngine cut Vereit from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised Vereit from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Vereit in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.42.
Shares of Vereit Inc (VER) opened at $6.93 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $6,750.00, a P/E ratio of -53.31 and a beta of 0.65. Vereit Inc has a 12-month low of $6.92 and a 12-month high of $9.12.
Vereit (NYSE:VER) last released its earnings results on Wednesday, November 8th. 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 net margin of 3.76% and a negative return on equity of 0.61%. equities research analysts anticipate that Vereit Inc will post 0.71 earnings per share for the current year.
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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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