Vereit Inc (VER) Holding Grow by JPMorgan Chase & Co.

Vereit Inc (VER) Holding Grow by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Vereit Inc (NYSE:VER) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,598,843 shares of the financial services provider’s stock after buying an additional 187,134 shares during the period. JPMorgan Chase & Co.’s holdings in Vereit were worth $56,024,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VER. Paragon Capital Management Ltd acquired a new position in shares of Vereit during the first quarter worth about $508,000. Private Advisor Group LLC increased 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 last quarter. Quadrant Capital Group LLC increased its position in shares of Vereit by 10.2% in the first quarter. Quadrant Capital Group LLC now owns 12,329 shares of the financial services provider’s stock worth $101,000 after buying an additional 1,140 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Vereit during the fourth quarter worth about $110,000. Finally, Creative Planning increased its position in shares of Vereit by 9.0% in the first quarter. Creative Planning now owns 13,009 shares of the financial services provider’s stock worth $110,000 after buying an additional 1,069 shares during the last quarter. 82.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of Vereit Inc (NYSE:VER) traded down 2.51% during midday trading on Monday, hitting $8.15. 2,958,728 shares of the stock were exchanged. The company’s market cap is $7.94 billion. The stock has a 50 day moving average price of $8.16 and a 200-day moving average price of $8.45. Vereit Inc has a 12 month low of $7.44 and a 12 month high of $11.09.

Vereit (NYSE:VER) last announced its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.01. Vereit had a negative net margin of 18.02% and a negative return on equity of 3.12%. The firm had revenue of $348.03 million for the quarter, compared to analyst estimates of $297.94 million. During the same period last year, the business earned $0.21 EPS. Vereit’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, analysts predict that Vereit Inc will post ($0.02) EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a dividend of $0.1375 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.55 annualized dividend and a yield of 6.58%. Vereit’s dividend payout ratio is currently -141.02%.

A number of brokerages have recently issued reports on VER. ValuEngine downgraded Vereit from a “buy” rating to a “hold” rating in a research 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 raised shares of Vereit to an “outperform” rating and set a $9.00 price objective on the stock in a report on Monday, May 15th. Finally, BMO Capital Markets set a $10.00 price objective on shares of Vereit and gave the company a “buy” rating in a report on Wednesday, March 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.80.

In related news, Director Julie Richardson purchased 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were purchased at an average cost of $7.46 per share, for a total transaction of $111,900.00. Following the purchase, the director now directly owns 65,028 shares of the company’s stock, valued at $485,108.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Glenn J. Rufrano purchased 32,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were bought at an average price of $7.81 per share, for a total transaction of $249,920.00. Following the completion of the purchase, the chief executive officer now directly owns 1,962,657 shares in the company, valued at $15,328,351.17. The disclosure for this purchase can be found here. Insiders have purchased a total of 91,725 shares of company stock worth $706,509 over the last quarter. 0.09% of the stock is owned by company insiders.

Vereit Company Profile

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”});

Want to see what other hedge funds are holding VER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vereit Inc (NYSE:VER).

Related posts

Leave a Comment