UBS Group AG increased its stake in shares of VEREIT Inc. (NYSE:VER) by 62.0% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 10,430,816 shares of the company’s stock after buying an additional 3,990,095 shares during the period. UBS Group AG’s holdings in VEREIT were worth $108,168,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of VEREIT by 5.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 97,777 shares of the company’s stock valued at $991,000 after buying an additional 5,351 shares during the last quarter. Concert Wealth Management Inc. bought a new stake in shares of VEREIT during the second quarter valued at $214,000. Quadrant Capital Group LLC boosted its stake in shares of VEREIT by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 10,366 shares of the company’s stock valued at $104,000 after buying an additional 56 shares during the last quarter. Real Estate Management Services LLC boosted its stake in shares of VEREIT by 737.8% in the second quarter. Real Estate Management Services LLC now owns 410,500 shares of the company’s stock valued at $4,162,000 after buying an additional 361,500 shares during the last quarter. Finally, Crossvault Capital Management LLC bought a new stake in shares of VEREIT during the second quarter valued at $106,000. 82.27% of the stock is owned by institutional investors.
Shares of VEREIT Inc. (NYSE:VER) opened at 8.72 on Thursday. The firm’s market cap is $8.49 billion. The firm has a 50-day moving average price of $8.48 and a 200-day moving average price of $9.56. VEREIT Inc. has a 52 week low of $7.01 and a 52 week high of $11.09.
VEREIT (NYSE:VER) last released its earnings results on Wednesday, November 2nd. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. VEREIT had a negative return on equity of 3.12% and a negative net margin of 18.02%. The company earned $362.90 million during the quarter, compared to analyst estimates of $320.29 million. During the same quarter in the previous year, the company posted $0.21 EPS. VEREIT’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities research analysts predict that VEREIT Inc. will post ($0.14) earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th were paid a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a dividend yield of 6.31%. The ex-dividend date of this dividend was Wednesday, December 28th. VEREIT’s dividend payout ratio (DPR) is presently -141.02%.
Several equities research analysts have recently weighed in on the company. Mizuho assumed coverage on VEREIT in a research note on Thursday, October 13th. They issued a “neutral” rating and a $9.50 price target for the company. Zacks Investment Research raised VEREIT from a “sell” rating to a “hold” rating and set a $11.00 target price for the company in a research note on Wednesday, October 26th. JMP Securities reaffirmed a “hold” rating on shares of VEREIT in a research note on Sunday, November 6th. BMO Capital Markets set a $10.00 target price on VEREIT and gave the stock a “buy” rating in a research note on Thursday, January 12th. Finally, JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $11.00 target price on shares of VEREIT in a research note on Wednesday, November 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $10.14.
VEREIT Company Profile
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