The Vereit Inc (VER) Shares Bought by BNP Paribas Arbitrage SA

The Vereit Inc (VER) Shares Bought by BNP Paribas Arbitrage SA

Several other hedge funds also recently bought and sold shares of the company. Dynamic Advisors Solutions LLC raised its position in shares of Vereit by 1.2% in the first quarter. Dynamic Advisors Solutions LLC now owns 14,447 shares of the financial services provider’s stock worth $123,000 after buying an additional 167 shares during the period. HighPoint Advisor Group LLC raised its position in shares of Vereit by 0.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 31,407 shares of the financial services provider’s stock worth $283,000 after buying an additional 183 shares during the period. Private Advisor Group LLC raised its position in shares of Vereit by 5.3% in the fourth quarter. Private Advisor Group LLC now owns 11,517 shares of the financial services provider’s stock worth $100,000 after buying an additional 576 shares during the period. V Wealth Management LLC raised its position in shares of Vereit by 4.3% in the first quarter. V Wealth Management LLC now owns 14,017 shares of the financial services provider’s stock worth $119,000 after buying an additional 578 shares during the period. Finally, Capstone Asset Management Co. raised its position in shares of Vereit by 4.1% in the first quarter. Capstone Asset Management Co. now owns 18,452 shares of the financial services provider’s stock worth $157,000 after buying an additional 720 shares during the period. 82.54% of the stock is currently owned by hedge funds and other institutional investors.

BNP Paribas Arbitrage SA increased its position in Vereit Inc (NYSE:VER) by 9.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 554,616 shares of the financial services provider’s stock after buying an additional 48,808 shares during the period. BNP Paribas Arbitrage SA owned about 0.06% of Vereit worth $4,709,000 as of its most recent SEC filing.

Vereit Inc (NYSE:VER) opened at 8.36 on Monday. The company has a 50-day moving average of $8.16 and a 200 day moving average of $8.45. Vereit Inc has a 12-month low of $7.44 and a 12-month high of $11.09. The firm’s market cap is $8.14 billion.

Vereit (NYSE:VER) last announced its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $348.03 million for the quarter, compared to analyst estimates of $297.94 million. Vereit had a negative net margin of 18.02% and a negative return on equity of 3.12%. The company’s revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. Equities analysts expect that Vereit Inc will post ($0.02) EPS for the current fiscal year. The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be issued a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 6.58%. The ex-dividend date is Wednesday, June 28th. Vereit’s dividend payout ratio (DPR) is presently -141.02%.

A number of equities analysts have recently commented on the stock. ValuEngine lowered shares of Vereit from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research lowered shares of Vereit from a “buy” rating to a “sell” rating in a report on Saturday, February 25th. Evercore ISI upgraded shares of Vereit to an “outperform” rating and set a $9.00 price target on the stock in a report on Monday, May 15th. Finally, BMO Capital Markets set a $10.00 price target on shares of Vereit and gave the stock a “buy” rating in a report on Wednesday, March 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $9.80. In other news, CEO Glenn J. Rufrano purchased 32,000 shares of the business’s stock in a transaction on Monday, May 8th. The shares were acquired at an average price of $7.81 per share, with a total value of $249,920.00. Following the acquisition, the chief executive officer now directly owns 1,962,657 shares in the company, valued at $15,328,351.17. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider William Craig Jr. Miller purchased 12,725 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was purchased at an average cost of $7.86 per share, for a total transaction of $100,018.50. Following the acquisition, the insider now owns 223,381 shares in the company, valued at $1,755,774.66. The disclosure for this purchase can be found here. In the last three months, insiders acquired 91,725 shares of company stock worth $706,509. Insiders own 0.09% of the company’s stock.

About Vereit 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “VER”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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